The world of construction technology startups welcomes the birth of its first unicorn: PROCORE. With the infusion of a fresh $50M financing led by Inconiq Capital, Procore Technologies fetches a valuation north of the magical $1B hurdle to "unicorn" status. Click thru here to read more on Forbes.com.
"After years of operating within a regimented chain of command, many veterans are ready to become their own bosses. Many would-be business owners are finding that the skills and experiences honed in the military are directly translating into start-up ideas."
Read the full article here on the NY Times website.
Big congrats to the EverCharge team on this massive win. It is hard to ask for a better partner than Schneider Electric.
"PlanGrid, the company that digitized the construction industry, announced today that it has landed a $40 million investment.
Tenaya Capital led the round. Additional investors include Sequoia, Founders Fund, YC Continuity and Northgate. Today’s investment brings the total to over $58 million.
PlanGrid CEO Tracy Young says they took the money, even though most of the Series A..."
Techcrunch reports "Rhumbix Wants To Be The Palantir For Construction". Read the full story here.
Congrats to Dustin DeVan, Jesse Pedersen and the whole BuildingConnected team on a successful $8.5M raise led by CrossLink Capital. Full write-up by ConstructionDive here.