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AI platform for construction tendering and preconstruction · Norway

Volve: Product, team and how it was built

Small teamFundedB2BConstruction

Volve (AI platform for construction tendering and preconstruction, Norway): Used on 2500+ projects by its own count, August 2026. Evidence grade E: no revenue figure was checked. Team: 2 founders on the company site in February 2024; 3 founders and 10 more named people on the About page in November 2026. Launched August 2023; still running.Added

Outcome
Used on 2500+ projects by its own count, August 2026
Evidence
E no revenue figure was checked
Launch
August 2023
Status
Still running
Team
2 founders on the company site in February 2024; 3 founders and 10 more named people on the About page in November 2026
Outside funding
Funded: seed round of US$3 million (NOK 30 million), announced 25 August 2026 (tech.eu); earlier Antler investment and Innovation Norway funding, amounts not published
Main channel
Not stated
No revenue figure

What is not verified

No revenue figure was found for Volve. The search covered the company site, its privacy policy, tech.eu, Digital Construction Plus and Internet Archive copies. The count of 2,500 projects and the customer names are the company's statements. The company's pages describe a subscription but no source confirms that these customers pay. A reader could look for the company's annual accounts in the Norwegian company register or for a customer's own statement. This story is grade E: the business is real and its product, price and customers are described from public pages, but no revenue figure was checked. Aiolum shows it as an idea worth studying, not as proof that it makes money.

Volve sells software that checks the documents of a construction tender. A tender is a formal request in which a client asks contractors for a price and terms for a building or infrastructure job. Volve reads the contract, drawings, bill of quantities and award criteria, and links each finding to its page. A bill of quantities is the list of work items and amounts on which the price rests.

The Norwegian company register dates Volve Technologies AS in Oslo to 2 August 2023. The About page says "Founded in 2024" and names three founders: Herman Smith (CEO), Abyl Ikhsanov (CTO) and Alf Jørgen Dovland (COO). The earliest copy of the company site, from 26 February 2024, is a pre-launch page that asks visitors to sign up for early access. On 25 August 2026 the news site tech.eu reported that Volve raised US$3 million (NOK 30 million) in a seed round led by Skyfall Ventures.

No revenue figure was found for Volve. The headline is the company's own count of more than 2,500 projects, stated in its announcement of 25 August 2026. The pricing page describes a pilot and a subscription but gives no price. No independent source confirms that the named customers pay.

Volve: Used on 2500+ projects by its own count, August 2026. AI platform for construction tendering and preconstruction, Norway, started small, grew after funding, evidence grade E.
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01

Why did Volve work?

Four causes, in the order they mattered. Each one is a reusable lesson.

01

The CEO has more than 10 years in construction

The About page says the chief executive is a civil engineer with more than 10 years in construction. It says he led billion-NOK projects on both the client and the contractor side. It describes the chief technology officer as a former CTO of a Norwegian robotics company with an MSc in Artificial Intelligence. This is the company's own description of its founders.

02

It sells a pilot on live tenders before a subscription

The pricing page says the first term is a pilot that starts "on your live tenders", at a price agreed upfront. After the pilot, the customer continues at a set price each term, at the level that fits its volume. The page publishes no amounts.

03

Each finding is traced to its source in the documents

The home page says a task result comes back "checked and traced to its source". Its sample bill of quantities marks each line as measured, counted, conditional or not quantified. The page says each line links to the page, drawing or model element it came from.

How it was built

These details come from the company's own pages. They are grade C. No page names the AI model that Volve uses. [1, 8, 7]

  • The product reads PDF, Word and Excel files, drawings as PDF or DWG, and models as RVT or IFC, according to the home page.
  • The home page says documents, data and backups are hosted and processed in the EEA, and AI processing runs in the EU.
  • The same page says third-party models are contractually barred from training on customer data.
  • The 60 days page says a customer can drag in a document set or pull it from SharePoint or Procore.
  • A user can save a task as a Playbook and run it again on the next project, says the home page.
  • The privacy policy names Framer for the website, HubSpot for customer relationships, Intercom for support, Google Analytics and Google Workspace.

Tools named in the sources

Each one opens its page in the Tools tab, with every story that uses it.

02

Who tried this before Volve, and why did they fail?

Two companies in our database of failed startups sold software or a marketplace to construction companies. Neither worked on tenders, so the match is loose. The values below are from that database and are not independently verified.

Died 2016 to 2019Burned US$1.5M

SmartSite

The promise

An on-demand platform for construction project management and resource allocation, with data analytics and predictive modelling.

Why it died

It could not win enough market share quickly enough to fend off competitors, says the database.

Competition
Died 2019 to 2022Burned US$5.0M

BuildStream

The promise

A marketplace that connected construction companies with vetted freelance construction professionals.

Why it died

It could not grow its user base beyond its first region, and adoption was slow, says the database.

Slow adoption

The failed startups come from our database of 1,749 dead startups, retold here in our own words. Its entries are AI-assisted summaries of public sources, so these cards carry no evidence grade.

What changed

The two predecessors sold project management or labour hiring. Volve sells a check of tender documents before a contractor commits to a bid. The company says in its announcement that about 80 percent of a project's cost is set before the contract is signed.

Volve also differs in who pays: its pages address contractors and the client-side teams that evaluate their bids. No source shows whether this protects Volve from the causes that ended the two. The database says Procore and Autodesk dominate construction software today.

03

Can one person copy Volve now?

The pattern, yes. Without industry experience, hardly.

The pattern is a pilot on the customer's live documents, followed by a subscription. It needs people who know how tenders are won and lost. The company shows a funded team of 13 people, not a solo founder.

Where it is still open: Other industries where a team must read hundreds of contract documents before committing: shipbuilding, energy projects and public-sector purchasing.

  1. 1Pick one document-heavy decision in one industry, such as the review of a tender.
  2. 2Check the documents against each other and show where each finding comes from.
  3. 3Start each customer with a paid or priced pilot on live work.
  4. 4Move the customer to a subscription at a set price per term.
04

How much revenue does Volve make?

Each row shows the evidence grade and the source numbers from the list at the end of this page. The grades are explained in How Aiolum verifies.

A company registered in 2023 that states more than 2,500 projects and a seed round, with no revenue figure and no published price
FactValueGradeHow we knowSources
Projects the platform was used on, August 2026 (headline)more than 2,500CThe company's announcement of 25 August 2026 says "more than 2,500 construction projects". Digital Construction Plus repeats it. The home page counts "tenders and contracts".[4, 6, 1]
Start of the companyVolve Technologies AS, Oslo, founded 2 August 2023 and registered 31 August 2023BThe Norwegian company register (Brønnøysund), organisation number 931 997 335, gives both dates. The About page says "Founded in 2024", and tech.eu gives the same year. The earliest copy of the site in the Internet Archive is dated 26 February 2024.[13, 3, 5, 9]
FoundersHerman Smith (CEO), Abyl Ikhsanov (CTO), Alf Jørgen Dovland (COO)CThe About page names them. tech.eu spells the second name "Ikshanov". A copy of the site from March 2025 announces the CTO as a new co-founder.[3, 5, 11]
Team, November 20263 founders and 10 more named peopleCThe About page lists ten team members besides the founders, and four advisors. The page may not list everyone. The company register showed 10 employees on 13 October 2026.[3, 13]
Funding, August 2026seed round of US$3 million (NOK 30 million)Ctech.eu reported the round on 25 August 2026. Skyfall Ventures led it, with J12, Norrsken Evolve, OBOS Ventures, Antler and StartupLab.[5, 4]
Earlier fundingAntler investment and Innovation Norway funding; amounts not publishedCA copy of the company site from 14 October 2024 lists two news items with these headlines. The copy gives no amount.[10]
Pricing modelpilot, then subscription; no price publishedCThe pricing page says "A price agreed upfront" for the pilot and "A set price each term" for the subscription.[2]
Customer named by pressSkanskaCDigital Construction Plus wrote on 25 August 2026 that "the company counts Skanska among its customers". The article retells the company's announcement.[6]
Customer termsa customer agreement with commercial terms for each customerCThe privacy policy says platform access is governed by the customer agreement, "made effective through the commercial terms with each customer".[7]
Example result of one customer tender213 documents, 20 main risks, 73 subcontractor bids comparedCThe home page and the company's announcement give the example. Both come from the company and name no customer.[1, 4]
Where data is processeddocuments and AI processing in the EU or EEACThe home page says documents are hosted and processed in the EEA and AI processing runs in the EU. It names no model provider.[1]
Time from the founding of the company to the headline36 monthscalcCalculated: August 2023 to August 2026.[13, 4]

How to read this table. One value is grade B: the start of the company, from the Norwegian company register. Every other value is grade C: a statement by the company, or by a news site that retells its announcement. A "calc" value was computed on this page from the rows above it.

Volve's pricing model in November 2026, read from the company's pricing page (grade C). The company publishes no price
PlanPer month, billed yearly (US$)Per month, billed monthly (US$)Limit
Pilot, first termnot publishednot publisheda price agreed upfront; a set number of workspaces
Subscription, rolling termsnot publishednot publisheda set price each term; workspaces in fixed levels; extra workspaces at an agreed rate
Add-onsnot publishedEmbedded Specialist, Volve Outputs, technical add-ons; each priced separately

The page says Volve is offered as a subscription, tailored to the organisation and its use. All plans include unlimited users. Two add-ons are ordered and priced separately. A visitor can ask for a proposal or a demo.

05

When did Volve launch, and how did it grow?

From the founding of the company in August 2023 to a stated 2,500 projects in August 2026, in 36 months. Each entry carries its grade.

  1. 2 August 2023BVolve Technologies AS is founded in Oslo. The company register enters it on 31 August 2023. [13]
  2. 26 February 2024CThe earliest copy of the company site shows Volve Technologies AS with a request to sign up for early access. It lists a founder and chief executive, another founder and a chairman. [9]
  3. 14 October 2024CThe site shows the product volve.evaluate, a button "Pre-register now" and a team with a co-founder and CTO. [10]
  4. 8 March 2025CThe home page of that date offers Standard and Enterprise plans without prices. It shows a row of logos and calls them "a few of the customers" of the company. [11]
  5. 25 August 2026CThe company announces a seed round of NOK 30 million. tech.eu and Digital Construction Plus report it the same day. The announcement states more than 2,500 projects. [4, 5, 6]
  6. 11 November 2026CThe pricing page offers a pilot and a subscription without prices. The About page lists 13 people besides advisors. [2, 3]

What could go wrong for Volve?

The risks are the mirror image of the causes above.

What is not verified

No revenue figure was found for Volve. The search covered the company site, its privacy policy, tech.eu, Digital Construction Plus and Internet Archive copies. The count of 2,500 projects and the customer names are the company's statements. The company's pages describe a subscription but no source confirms that these customers pay. A reader could look for the company's annual accounts in the Norwegian company register or for a customer's own statement.

Logo wall, counter and testimonials

The home page shows a row of company logos, 27 distinct names in its image labels, including Skanska, NCC and Veidekke. It does not say which are paying customers. One logo reads OBOS, and OBOS Ventures is also named as an investor. The page does not say whether they are the same group. It shows three named testimonials and a counter of more than 2,500 tenders and contracts. No independent source was found for the three testimonials. The pricing page quotes a "Tender manager, Infrastructure contractor, Volve client" without a name.

Services next to the software

The pricing page sells two add-ons beside the subscription. "Embedded Specialist" is "A Volve specialist working with your team on agreed days". "Volve Outputs" gives "deliverables such as bills of quantities produced for you". The site also invites visitors to book a demo. No source says how much of the revenue comes from these services.

An earlier site and a changed team

The company register dates the company to August 2023, and the About page says 2024. The February 2024 copy of the site lists a second founder who does not appear on the current About page. The About page lists 13 people, and the company register showed 10 employees in October 2026. No source states the headcount at the time of the 2,500 figure.

Sources

The grade next to each source is the best grade that the source can support. "Read in full" means that the text of the page was downloaded and the numbers were checked in it.

  1. C Volve home page: AI for construction tendering and preconstruction
    Read in full on 11 November 2026. Source for the product, the counter, the logo row, the testimonials and the data hosting.
  2. C Volve pricing page: Pricing sized to the tenders and contracts you run
    Read in full on 11 November 2026. Source for the pilot and subscription terms and the add-ons. The FAQ answers were not read.
  3. C About Volve | Commercial decision intelligence
    Read in full on 11 November 2026. Source for the founding year, the founders, the team and the investors.
  4. C Volve announcement, 25 August 2026: Volve raises seed round
    Read in full on 11 November 2026. The company's own press release. Source for the projects count and the round.
  5. C tech.eu, 25 August 2026: Volve lands $3M to expand construction tendering AI across Europe
    Read in full on 11 November 2026. A news article that retells the company's announcement. Source for the seed round and the founding year.
  6. C Digital Construction Plus, 25 August 2026: App that identifies risks in tenders targets UK
    Read in full on 11 November 2026. A news article that retells the company's announcement. Source for the Skanska statement and the 2024 launch.
  7. C Volve Privacy Policy, last updated September 2026
    Read in full on 11 November 2026. Source for the customer agreement and the service providers.
  8. C Volve Onboarding: 60 Days with Volve
    Read in full on 11 November 2026. Source for the document import from SharePoint or Procore.
  9. C Internet Archive copy of volvetech.com, 26 February 2024
    Read in full. The earliest copy of the site that the Archive's availability service returned. Source for the pre-launch page and the team of that date.
  10. C Internet Archive copy of volvetech.com, 14 October 2024
    Read in full. Source for the product name volve.evaluate and the news headlines about Antler and Innovation Norway.
  11. C Internet Archive copy of volvetech.com, 8 March 2025
    Read in full. Source for the first plans without prices, the row of customer names and the CTO announcement.
  12. C Database of failed startups, local export
    Record pages read on the website on 11 November 2026. AI-written summaries, not independently verified. Source for the failed predecessors.
  13. B Brønnøysund Register Centre (Norwegian company register): VOLVE TECHNOLOGIES AS, organisation number 931 997 335
    Read the record on 11 November 2026. Source for the founding date, the registration date and the number of employees. Names and roles were not used.

Run this company? Send corrections or a verified figure to aiolum@livyden.com

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