Construction Site App Developer Raises $7 Million
Palo Alto, California-based Buildup Technologies is trying to make construction sites more efficient by introducing digital tools for communication and workflow management
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Israel-based TLV Partners, California-based UpWest Labs and Abstract Ventures, London-based 01 Ventures LLP, and bill payment service Check, Inc. founders Guy Goldstein and Ahikam Kaufman all participated in the funding round.
The use of paper documentation and manual spreadsheets is the norm at many construction sites, which limits productivity across the industry, according to the company.
“Our customers have used Buildup to make job sites more efficient and collaborative, while also gaining newfound insight into critical and timely data during the execution stage of construction projects during which most of their budget is spent,” Buildup co-founder and CEO Oren Cohen said in a statement.
Among the users of its app, Buildup lists Turner Construction Company, The Whiting-Turner Contracting Company, and real estate company AvalonBay Communities, Inc.