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- HammerTech Accelerates Growth with $70M Investment from Riverwood Capital
HammerTech Accelerates Growth with $70M Investment from Riverwood Capital
Slice of Construction Team
July 19, 2024
Key Highlights:
HammerTech secures $70M investment from Riverwood Capital.
Funds to accelerate growth and integrate AI into safety software.
Supports over 500 clients globally with 20,000 projects completed.
Endorsed by leading contractors including Shawmut Design and Construction.
Source (PR Newswire)
Notable Quotes:
"This is a pivotal moment in our evolution, ultimately benefiting our clients and the industry."
"We couldn't be more excited to partner with such a visionary team in the next phase of their growth."
"HammerTech delivers value that is driving tangible ROI all while making the job site a safer place to work."
Our Take:
The $70 million investment from Riverwood Capital marks a significant milestone for HammerTech, positioning the company for accelerated growth and innovation. This infusion of capital will enable HammerTech to integrate advanced technologies, such as AI, into its safety intelligence software platform, enhancing its value proposition for general contractors worldwide. The endorsement from industry leaders and the continued support from existing investors like Arrowroot Capital underscore the platform's critical role in modernizing construction site safety. As HammerTech expands its reach, it is set to become an even more indispensable tool in reducing workplace fatalities and improving operational efficiency in the construction industry.