In a blog post on its website, Kojo, which is described as a procurement and inventory management software company for the construction industry, announced that it has received a $10 million investment from Wesco in a partnership agreement.
In the blog post, Kojo says the partnership will solve one of the biggest challenges electrical contractor Project Managers face by tracking long lead time, expensive, large purchases. Kojo also described Wesco’s investment as the largest the distributor has ever made in a technology company.
The post includes a quote from Wesco’s Senior Vice President and General Manager of U.S. Construction Sean Grasby, who says, “By leveraging the combined strengths of Kojo’s AI-powered platform and Wesco’s extensive distribution network, this partnership is poised to transform the construction industry, automating workflows and solving critical pain points for customers, leading to unprecedented efficiency and accuracy in project delivery.”
Kojo says the Wesco investment will allow the company to change how contractors manage materials by eliminating manual data entry and email-based material tracking, access real-time material status, leverage AI-powered insights to automate submittal reviews, and deploy AI agents to assist in procurement activities.
“This partnership is a huge vote of confidence from a true industry leader in electrical distribution,” said Maria Davidson, co-founder and CEO of Kojo. “The feedback we’ve received from customers using our platform with Wesco has been incredible—they’re building more accurately, avoiding costly mistakes, and delivering projects on time and on budget with much greater ease. Together, we’re setting a new standard for how materials are managed in construction.”