October 24, 2022

PledgX launches PledgXQualify – and is accepted into AC:Studio

By Jasmin Lawas
Canadian start-up PledgX is on a mission to transform the construction industry. Whilst using smart computing to help contractors prove their reputation they are also helping project owners by implementing artificial intelligence (AI) powered solutions for vendor selection.

PledgX recently launched a service for contractors to qualify for projects using an intuitive digital workflow solution called PledgXQualify.

Contractors are able to build a profile and manage their qualifications statements, seamlessly integrating with request for pre-qualifications (RFPQ) received from public institutions or private companies.

PledgXQualify empowers small and large contractors alike to grow their businesses and shrink their costs through advanced workflow management and data intelligence.

In addition, PledgX has been accepted into The Accelerator Centre’s “AC:Studio” programme, an elite track for high-potential early-stage companies to help achieve long-term goals through technology advancement mentorship and advice.

“We believe that construction companies need a better deal,” says Satya Vattekat, co-founder and CEO of PledgX. “The amount of paperwork is excessive and the inability to demonstrate an effective track record is holding back many wonderful companies and people. We are on a mission to use digital solutions to help general contractors, sub-contractors and tradespeople make a difference to this economy.”

By providing access to a panel of mentors with extensive experience, Accelerator Centre is committed to enabling PledgX make a difference for the construction industry in Canada and the US.

“For too long, paper, process and opinion has kept smaller construction companies from achieving their full potential,” says Ivan Poloni, Vice President, Preconstruction at EllisDon. “I believe PledgX will revolutionise the industry and will go on to prove that artificial intelligence will significantly help all players in the ecosystem.”
About PledgX
PledgX is based in Waterloo, the tech capital of Canada, offering its services to customers in Canada and the US. PledgX provides digital solutions to all players in the infrastructure industry including construction companies, project owners, surety bond issuers, brokers, construction associations, banks and alternative lenders.
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