SmartPM Technologies, Inc., a leading innovator in automated project controls for construction, secures $5.5million in series A round funding .
This significant milestone is led by investors Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group, marking a pivotal moment in SmartPM’s journey of innovation and market expansion.
Having established a robust product-market fit, SmartPM is at the forefront of revolutionizing the commercial construction industry with its advanced schedule controls platform.
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This platform empowers contractors, project managers, and stakeholders to harness real-time data, predictive analytics, and actionable insights, ensuring projects are completed on time, within budget, and according to the highest quality standards.
Jesse Devitte, Co-founder and General Partner, Building Ventures said, “In every project, there is a moment of reckoning when the reality of the project’s progress against timelines must be dealt with. SmartPM’s comprehensive platform allows project stakeholders to not only monitor their progress but also to take proactive, timely actions and steer projects toward successful outcomes for all stakeholders, It’s no surprise that the market’s response to SmartPM’s product is overwhelmingly favorable—we have never received more positive feedback from existing customers on any company or product in diligence. I am excited to join the board of directors, and our entire team is thrilled to be helping Mike Pink and his team grow their business going forward.”
The infusion of capital will accelerate SmartPM Technologies strategic initiatives, focusing on enhancing its AI-driven platform, expanding their team, and increasing market penetration. This aligns with the company’s commitment to delivering unparalleled efficiency, transparency, and risk management solutions to the commercial construction sector.
The involvement of Building Ventures, The Nemetschek Group, and GS Futures underscores the confidence in it’s vision and the transformative potential of its technology. These partnerships are set to propel SmartPM Technologies mission of redefining project delivery through innovation, expertise, and customer-centric solutions.
Aaron Toppston, Managing Partner GS Futures said, “SmartPM understands how to build software our industry needs. It is an approachable platform to get the most from the existing scheduling process, Moreover, it unlocks insights into organizational health and trends, allowing builders to reduce risk and improve delivery. The AI labeling and machine learning tools enabling these insights are downright impressive — but the fact that a user needs nearly zero training to use the platform is the magic of its value.”
About SmartPM Technologies, Inc.
SmartPM Technologies, Inc. is a leading provider of schedule controls software, specializing in data-driven tools and analytics for the commercial construction industry. By leveraging AI and machine learning, it delivers comprehensive insights, enabling clients to optimize project performance, mitigate risks, and ensure timely, cost-effective project completion.
