Construction technology company Fieldwire raised $33.5 million in funding, Crunchbase reports. The company has developed a cloud-based software product design designed to ease access of information during a project. The San Francisco-based startup has now raised around $40.4 million since its inception in 2013. The company is attempting to increase the integration of technology in the notoriously slow-adopting construction industry.
Fieldwire’s aim is to allow everyone involved in a construction project—from the back office to the numerous subcontractors onsite—to access and share information in real time. By offering a mobile-first solution, the company’s goal is to “make it easy for construction crews to track, record, and share project updates, ensuring proactive responses to all things related to quality, safety, and scheduling.” Users are typically project managers, engineers, and craft workers with a focus on labor coordination in an effort to help fuel productivity.
By focusing on the craft workers and subcontractors, Fieldwire is winning over those in the field who are then taking their observations to company’s decision-makers, according to Darren Bechtel, found partner and managing director at Brick & Mortar Ventures.
“Most companies in our space tend to distribute from the top down with sales people trying to convince people to use it,” Fieldwire CEO Yves Frinault said. “But we distributed a built product with foremen on site who downloaded our app and started sharing it with more and more people so that ultimately, the headquarters of a company would have everyone in that company using it.”
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