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- Outbuild Raises $11M Series A to Revolutionize Construction Planning
Outbuild Raises $11M Series A to Revolutionize Construction Planning
Slice of Construction Team
November 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
Notable 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.”
“Outbuild is helping to solve one of the most persistent challenges in construction—keeping projects on time and on budget, while minimizing risk.”
“The schedule and the look-ahead plan communicate with each other, and there’s mobile access, making it easy to share with people.”
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.