Outbuild Raises $11M Series A to Revolutionize Construction Planning
Slice of Construction Team
11/15/2024
Key Highlights:
- Outbuild secures $11M in Series A funding led by Sway Ventures, joined by Hilti, Trimble Ventures, BGV, and Zacua Ventures.
- Investment will boost commercial growth by 100% by Fall 2025, expand the team, and advance an AI-powered product roadmap.
- Outbuild serves 4,000+ projects across 10 countries, including top contractors like Greystar and Skender.
- Addresses delays in 75% of construction projects with unified scheduling, lookaheads, weekly planning, and analytics.
- Strategic partners Hilti and Trimble to support enhanced real-time project planning and management tools.
Source: Direct
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 latest funding round underscores its growing impact in the construction tech sector. The company's focus on solving industry pain points such as project delays and budget overruns makes it a critical player in the $11 trillion construction market. By integrating advanced scheduling and AI-driven analytics, Outbuild is poised to streamline workflows and elevate team collaboration on a global scale. Partnerships with industry leaders like Hilti and Trimble further solidify its trajectory toward becoming a key innovation driver in construction management. This move signals a transformative shift for the construction industry, aligning with broader trends of digitalization and efficiency optimization.
