Gather Technologies, a construction technology company, has raised $26 million in a Series A funding round led by investment firm Sequoia Capital. The company plans to use the funding to accelerate the development of its platform and expand its team masstamilan.
Gather’s platform aims to digitize the construction industry by offering a suite of tools that streamline the planning, communication, and management of construction projects. The company’s software includes a 3D modeling tool, project management software, and a mobile app for on-site workers myvuhub.
According to Gather’s website, the platform is designed to help construction teams “plan, track, and manage every aspect of their projects, from pre-construction through to completion.”
The company was founded in 2017 by CEO Justin Levine, who previously worked in construction management. Levine told TechCrunch that he started Gather because he saw a need for a platform that could help construction teams collaborate more efficiently teachertn.
“We saw how construction companies were struggling with traditional project management tools and knew there had to be a better way,” Levine said. “So we set out to create a platform that could help teams collaborate better and get more done in less time.”
Gather’s platform has already been used on projects for major construction companies like Clark Construction, Turner Construction, and Skanska USA. The company has also partnered with Autodesk, a leading provider of construction software pagalsongs.
According to TechCrunch, Gather’s platform has been used on over 200 construction projects to date. The company claims that its platform has helped construction teams reduce the time spent on administrative tasks by up to 40%.
Levine told TechCrunch that he believes Gather’s platform can help address some of the challenges facing the construction industry, such as a shortage of skilled labor and rising costs yareel.
“We believe that by digitizing the construction process, we can help reduce waste and inefficiencies and make construction more efficient and cost-effective,” Levine said.
Sequoia Capital’s investment in Gather is part of a broader trend of venture capital firms investing in construction technology companies. According to CB Insights, venture capital investment in construction technology reached a record high of $3.1 billion in 2020.
Other notable construction technology companies that have recently raised funding include Fieldwire, which raised $33.5 million in a Series C round in 2021, and BuildingConnected, which was acquired by Autodesk for $275 million in 2019.
As construction technology continues to evolve, companies like Gather are well-positioned to help transform an industry that has historically been slow to adopt new technology. With its platform, Gather is helping construction teams collaborate more efficiently, reduce waste, and ultimately deliver projects on time and on budget.
In conclusion, Gather Technologies’ recent $26 million Series A funding round led by Sequoia Capital will allow the company to further develop its platform and expand its team. The company’s platform aims to digitize the construction industry by offering a suite of tools that streamline the planning, communication, and management of construction projects. As the construction technology industry continues to grow, companies like Gather are well-positioned to transform the industry and help construction teams collaborate more efficiently, reduce waste, and deliver projects on time and on budget.