Outbuild Secures $11M Series A to Revolutionize Construction Management
Slice of Construction Team
Dec 03, 2024
Key Highlights:
- Outbuild raises $11M in Series A funding led by Sway Ventures with participation from Hilti Venture, Trimble Ventures, BGV, and Zacua Ventures.
- 100% commercial growth expected by Fall 2025, fueled by team expansion and an AI-enhanced product roadmap.
- Trusted by major contractors like Greystar, Skender, and McAlvain, managing over 4,000 projects in 10 countries.
Source: PR Newswire
Quotes
“ "We are honored to partner with such a strong group of investors who share our goal of advancing the construction industry through holistic, yet simplified, scheduling and cross-team collaboration." ”
Franco Giaquinto, CEO at Outbuild
Our Take:
Outbuild's innovative approach to construction scheduling meets a critical industry need, tackling inefficiencies that contribute to delays and cost overruns. By consolidating planning tools into a unified platform, and incorporating AI to enhance real-time decision-making, Outbuild sets a new benchmark for project management in the construction sector. Backing from industry leaders like Hilti and Trimble underscores Outbuild’s credibility and potential for widespread adoption. With a targeted growth strategy and the ability to deliver measurable value, Outbuild is well-positioned to become a transformative force in construction technology.
