Drillbit

Total raised$4.4M
StageSeed
Founded2023
HQAustin, United States
IndustriesSaaSAI/MLField Service ManagementPropTechEnterprise Software

About Drillbit

The company, Drillbit, is a YC startup whose mission is to make housing more affordable and is building the first fully self-managed FSM (Field Service Management) platform. It has raised about $4.1 million at a $50 million valuation, with a subsequent $4.4 million round at the same valuation. Its AI employee Mason has generated over $95 million in GMV across more than 90,000 opportunities, and previously over $46 million across more than 65,000 opportunities. Mason has booked jobs at roughly three times the rate of the best human CSRs at a fraction of the cost. In the past year, Drillbit has shown strong growth, sustaining 30% month-over-month growth to build a $16 million ARR sales pipeline and 42% month-over-month growth to build a $35 million ARR sales pipeline.

Location

Culture & values

Drillbit operates with a fully self-managed Field Service Management system, signaling a culture of autonomy and self-management.

The company uses AI tools (AI receptionists and an LLM-based quoting tool) to manage jobs end-to-end, reflecting a tech-forward, automation-centric work environment.

Our agents manage leads, scheduling, quoting, staffing, and collecting payment, indicating end-to-end ownership and cross-functional collaboration.

The description 'hands-off AI-based operating system' suggests a culture of trust, efficiency, and minimizing manual tasks.

Mason, our AI employee, is treated as part of the team, illustrating openness to AI collaboration and a growth mindset toward AI-enabled workflows.

The mission to eliminate wasteful admin work and let teams focus on core work indicates a values-driven culture prioritizing impact and efficiency.

Life at Drillbit

Frequently asked questions

Companies similar to Drillbit