Southeast’s BuildTech Ecosystem Thrives Amid Construction Growth
News Summary The Southeast region of the United States is experiencing significant growth in the construction industry, with notable startups strengthening the BuildTech ecosystem. Companies like ProNovos are innovating processes, addressing cash flow challenges, and enhancing contractor payments. Events like BuildTech Connect showcase emerging technologies and startups focused on transforming construction practices. The rise of […]
Trunk Tools Secures $40 Million Series B Funding
News Summary Trunk Tools Inc. has raised $40 million in Series B funding to enhance construction project management. This funding brings the company’s total to $70 million, reflecting the increasing need for innovative tools in a traditionally inefficient industry. Backed by major investors including Insight Partners and Redpoint Ventures, Trunk Tools plans to leverage advanced […]
Strategic Construction Management Drives $500 Million in Projects
News Summary Sleeping Dog Properties, under Chris Rapczynski’s leadership, has successfully managed $500 million in construction projects over 30 years. Emphasizing quality even in challenging conditions, the firm showcases its commitment to strategic project management. With the construction software market projected to grow significantly, the company integrates advanced technology while prioritizing strong vendor relationships and […]
RIVET Work Inc. Secures $6 Million Funding to Boost Growth
News Summary RIVET Work Inc., a Detroit-based company providing innovative workforce management software for the construction industry, has secured $6 million in funding from Brick and Mortar Ventures. This investment will allow RIVET Work to expand into the mechanical engineering market and enhance its service offerings. The firm, founded in 2020, aims to modernize labor […]
Construction Management Software Market Poised for Growth
News Summary The construction management software market is expected to grow significantly, reaching a valuation of USD 24.12 billion by 2032. With a current value of USD 9.94 billion, the market is projected to expand at a CAGR of 10.41% as companies increasingly adopt technology to enhance operational efficiency, project management, and cost control. The […]
BigRentz Launches AI-Powered Procurement Platform
News Summary BigRentz has introduced SiteStack, an AI-powered procurement intelligence platform aimed at addressing the $177 billion inefficiencies in the construction industry. Officially launched on July 24, the platform leverages a proprietary AI engine to optimize equipment rentals and streamline logistics. With impressive results already seen, including a 45% reduction in procurement costs, SiteStack is […]
Propel People Secures $3 Million for Construction Hiring Platform
News Summary Propel People, a new hiring platform based in Ohio, has raised $3 million in seed funding to transform how construction contractors hire skilled workers. Led by 1848 Ventures, the funding aims to enhance product development and marketing efforts. With features like smart candidate ranking and bilingual SMS engagement, Propel People addresses the pressing […]
Rentec Direct Recognized as Finalist for Best SaaS Product
News Summary Rentec Direct has been named a finalist in the Best SaaS Product for Property Management category at the prestigious SaaS Awards. This recognition highlights the company’s innovative cloud-based solutions aimed at empowering real estate professionals by improving operational efficiency. As a self-funded provider, Rentec Direct is praised for its exceptional customer support and […]
VCTI Transforms into SaaS-Driven Company, Unveils Enhanced Broadband IQ™ Platform
News Summary VCTI has made a significant shift from services to a SaaS model, showcasing its enhanced Broadband IQ™ platform amid strong midyear growth. This transformation is drawing attention from service providers and firms integrating fiber networks. The platform’s advanced analytics improve capital investment decisions and deployment planning, while a new AI Center of Excellence […]
1848 Ventures Invests $3 Million in Propel People to Revolutionize Hiring in Construction
News Summary 1848 Ventures has invested $3 million in Propel People, a mobile-first hiring platform aimed at addressing labor shortages in the construction industry. The platform, designed to streamline the recruitment of skilled tradespeople, features AI-driven tools that enhance hiring efficiency. Propel People aims to tackle the ongoing labor deficit affecting the industry by providing […]