1Build Announces $19.5M In Funding To Create The Industry'S First Real Time Data Platform For Construction Cost Estimating
1Build Announces $19.5M In Funding To Create The Industry'S First Real Time Data Platform For Construction Cost Estimating
09/22/21, 12:09 PM
Location
los angelesMoney raised
$19.5 million
1build, the only real-time data platform for building construction estimating, today announced that it recently raised a total of $19.5M in funding, including the closing of a $14M Series A led by Greycroft Capital. As Covid-19 continues to make the cost of construction and housing materials like lumber more volatile than ever, 1build's technology delivers the latest and most accurate pricing data from every county in the country - creating the de facto cost estimation tool for contractors and home builders. The company also previously raised a $5.5M seed round led by Initialized Capital.
Company Info
Location
los angeles, california, united states
Additional Info
1build offers the only real-time data platform for construction cost estimates, bringing pricing accuracy and predictability to an ever-changing market. Leveraging a unique team of software engineers and data scientists alongside construction industry veterans, 1build's proprietary API pulls from millions of data points to create a "periodic table" of construction elements, using data to standardize the way construction projects are priced. With 1build, builders can manage the entire pre-construction process, from plan upload to bid submission – enabling them to win more bids with best-in-class estimating technology and on-demand support from expert cost estimators.
Media Contact: Kyle Celeste, [email protected]
SOURCE 1Build