Kreo Software Ltd
“Can an AI agent replace the manual work of construction quantity surveyors from takeoff through cost estimation?”
Founded2017
HQLondon, United Kingdom
FoundersMagomed Galaev
IndustryVertical SaaS / Construction
The story
Kreo is a UK-based vertical SaaS company for construction takeoff and estimating. Founded 2016-2017 by Magomed Galaev, it uses AI and computer vision to analyze 2D drawings and 3D BIM models, automating quantity takeoff and cost estimation for quantity surveyors, contractors, and estimators. The company remains small (~22 employees, ~$2M revenue) and is focused on deepening its AI agent (Caddie) rather than expanding into adjacent financial services.
Product timeline
2016
Company idea originated; founded by Magomed Galaev· pivot
2017
Kreo Software Ltd incorporated in the UK (Companies House #10970263)· pivot
2026
Launched Core Platform API for programmatic project management and integrations with ERP/estimating systems· pivot
The stack
1 layer disclosed in Kreo Software Ltd’s embedded-finance stack
Accounting
ExcelCSVContractor Foreman
Accounting gap: minor