Amount Raised
$60 Million
Description
In the construction industry, managers can become disconnected from what’s happening on-site — particularly when dealing with pandemic-related disruptions. Among the top hurdles are staying on top of costs, communicating with all stakeholders, and assessing risk related to aspects like contractor billing and performance. The disconnect can lead to delays and unanticipated expenses. One study found that 85% of construction projects over the course of a 70-year period experienced cost overruns and just 25% came close to their original deadlines.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech