Ediphi Raises $6.5M in Funding
Summary
The funding comes from Suffolk Technologies. The company intends to use the funds to further develop the platform, scale the business, and recruit additional staff. Led by CEO Dustin DeVan, and CTO Michael Navarro, Ediphi provides a cloud-based platform that handles preconstruction workflows and data, The platform, which has already been used on thousands of projects and tens of billions of dollars in construction volume, enables contractors to begin preconstruction by pricing a “napkin sketch.” The platform allows for early collaboration between design teams and contractors to price evolving designs, propose value engineering options, and transition to detailed cost estimates from quantity take-offs. It allows estimators to compare cost models with past projects, price the entire project’s general conditions and general requirements, level bids against budgets, award subcontractors, and execute contracts—all within a single system. In sum, Ediphi allows construction estimators to: Prior to co-founding Ediphi, CEO Dustin DeVan founded BuildingConnected, a preconstruction platform that was eventually acquired by Autodesk for $275 million.