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HomeFunding MA-based Ediphi Secures $12Million in Series A Round Funding

[Funding alert] MA-based Ediphi Secures $12Million in Series A Round Funding

Ediphi, provider of an advanced cloud-based estimating solution secures $12million in series A round funding.a company that offers cutting-edge cloud-based estimating solutions. Norwest Venture Partners led the round.

Ediphi, provider of an advanced cloud-based estimating solution secures $12million in series A round funding. a company that offers cutting-edge cloud-based estimating solutions. Norwest Venture Partners led the round.

The company plans to use the money to hire more people, invest in R&D to create innovative products, and increase its market share in the sector.

Ediphi is a cloud-based software provider of advanced estimating tools, and its CEO is Dustin DeVan. With the use of its platform, contractors may expedite preconstruction and enhance decision-making, ensuring that their clients are guided to the best target value design.

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The business uses cloud infrastructure to provide data accessibility for all operations, including risk management, procurement, and estimating.

The cloud-based estimating system uses a large cloud database of scope and historical cost data to produce accurate estimates with the least amount of project input.

Contractors are able to:

Utilise a browser and an internet connection to centralise data in the cloud.

Drive the basic conditions and requirements, conceptual and comprehensive cost estimates, and buy-out.

Accelerate preconstruction and secure more lucrative work by integrating preconstruction activities in one place.

Dustin DeVan said: “Our mission is to empower the people who plan the built world. This funding further validates our efforts and will allow us to build our team and invest more in research and development.”

About Ediphi

The most sophisticated cloud-based estimation programme is called Ediphi. Their technology helps contractors make smarter decisions and expedite preconstruction so they can continually lead customers to the ideal target value design.

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Fundamentally, they have significantly improved the speed at which conceptual and cost estimates can be provided, as well as the ease with which value engineering and design iterations can be completed.

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