San Diego-based eSUB Construction Software, which makes web-based project management and document control software designed for subcontractors, said May 16 it received Series A funding from Autodesk, which makes construction management software.
Autodesk's investment, an undisclosed amount, comes from its Forge Fund, which has made five investments in construction technology companies in the past year.
Its investment, plus additional funds from Revolution Ventures, a Washington D.C.-based fund which invested $5 million in eSUB in late 2016, pushed the company's Series A to about $8 million.
The San Diego company said it would use the new money to accelerate the integration of its platform and Autodesk’s BIM (Building Information Modeling) 360 construction management platform.
"For more than 50 years, the construction industry has experienced declining levels of productivity. Now is an exciting time as construction companies are beginning to realize the benefits of productivity technology improvements,” said Benny Baltrotsky, chief strategy officer for eSUB, in a news release about the financing. “Our goal at eSUB is to enable subcontractors to leverage technologies -from field data collection tools to Building Information Modeling (BIM) - into one seamless user experience."
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