With his company located on the outskirts of Sydney in Bella Vista, Timothy Cocaro would love for it to go worldwide. His software can already work on any plot of land in his native Australia, as well as New Zealand, Canada, and the United States. Incidentally, canibuild has an office in Bakersfield, California. and was planning to relocate more staff before the COVID-19 pandemic shifted plans, as it did for businesses everywhere.
For now, the company is signing 60-plus builders a month, a pace it hopes to double, and getting approached by venture capitalists interested in invested Series A funding.
“We’re probably one of the fastest growing prop techs in the world,” Cocaro said.
Cocaro notes that his software can automatically check compliance and whether an ADU will fit on a proposed build site, condensing steps which might otherwise take weeks. In addition, canibuild checks topography, bush fire layers, and heritage overlays, going down to the point of liquefaction and fault lines
“The strength of canibuild is, it’s not designed to just showcase everything that happens on your parcel of land,” Cocaro said. “It’s designed to dissect which one of those relate to the build that you’re thinking about.”
Like Banijamali, Cocaro is used to having few real competitors in his space, partly because the ADU market is just emerging and even relatively straightforward Software as a service (SaaS) solutions can take years to perfect.
But he notes that some ADU builders within the modular space are taking the initiative with technology themselves to showcase their products to prospective customers on-site. Throughout the rest of 2021 and 2022, Cocaro sees more of these types of builders popping up, partly due to the pandemic.