Sri Lankan-born entrepreneur Eshan Jayamanne has raised $9 million in funding for his San Francisco-based construction technology startup Krane, an AI-native platform redefining construction supply chain management.
The funding round was co-led by Glasswing Ventures and Link Ventures, with participation from Tunitas Ventures, Rosecliff Ventures, New Normal Ventures, along with a group of strategic angel investors.
Founded and led by CEO Jayamanne, Krane is designed to de-risk the construction supply chain by integrating submittals, procurement, lead times, and deliveries into a unified, real-time system. Acting as an embedded operations layer, the platform automates material planning, procurement, and coordination throughout the project lifecycle.
At the heart of Krane is a suite of specialised AI agents, each managing a key component of the materials workflow. These include Milo, which converts specifications, drawings, and schedules into comprehensive submittal and procurement logs within minutes; Arlo, which consolidates project data into a single platform for enhanced preconstruction planning; and Chase, which proactively coordinates with trade partners to prioritise submittals and validate timelines.
Additional agents such as Lana ensure consistency and quality in submittals through templates and automated checks, while Rio optimises delivery scheduling and resource utilisation. Theo oversees the entire procurement cycle, from request-for-proposal (RFP) creation and quote comparison to final delivery.
Krane is now expanding its capabilities beyond procurement and delivery coordination to serve owners and subcontractors more directly, extending visibility and control across the broader construction value chain.
Currently, the platform supports more than $15 billion in active projects across the United States and Canada, spanning sectors including healthcare, data centres, K–12 education, and biotechnology.
Cap Snap Lanka Secures Six International Certifications Including ISO and FSSC
Cap Snap Lanka Pvt. Ltd., a member of the CSL Group, has been awarded six internationally recognised certifications, including the prestigious Food Safety System Certification (FSSC 22000), at a ceremony held recently in Colombo. Notably, all six certifications were achieved within just six months, underscoring the company’s strong commitment to quality, safety, and operational excellence.
The certifications were presented by Bureau Veritas Sri Lanka Country General Manager Shan Nanayakkara and his team, in the presence of Cap Snap Lanka’s leadership. The event also featured a presentation on the company’s history and operations, along with a corporate video highlighting its 20-year journey in the plastics and rigid packaging industry. Chief Operating Officer Rizwan Jalill was also in attendance.
The certifications were formally handed over to Chairman Anura Kumarasinghe, Managing Director M. H. M. Fazal, Director and Group Chief Executive Officer Farih Fazal, and Director and Group Consultant Hugh Indrajith.
The company secured ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, Good Manufacturing Practices (GMP), Hazard Analysis and Critical Control Points (HACCP), ISO 22000:2018 for Food Safety Management, and FSSC 22000 Version 6 under GFSI food safety standards.
During the ceremony, Appreciation Awards were presented to 14 departments in recognition of their contributions to the certification process, while Internal Auditor Excellence Awards were also conferred on team members for outstanding achievements as Certified Internal Auditors for ISO-FSSC compliance.
A commemorative plaque marking the official partnership between CSL Group and Bureau Veritas Sri Lanka was presented to Shan Nanayakkara and his team, while another plaque recognised the collaboration with Halcyon Lanka.
Established in June 2003, Cap Snap Lanka has grown into a leading plastic packaging manufacturer, offering both standard and customised solutions. The company produces PET bottles and containers, polypropylene and polycarbonate bottles, caps, lids, and PET preforms. Its subsidiary, American Polymers, serves industries such as paints, pharmaceuticals, dairy, beverages, and detergents.
With two advanced production facilities in Homagama and Artigala spanning over 500,000 square feet, Cap Snap Lanka employs more than 1,000 people and supports over 250 brands across Sri Lanka, reinforcing its position as a key player in the country’s packaging industry.
Sri Lankan-Born Entrepreneur Raises $9 Million for AI-Powered Construction Supply Chain Startup
