SmartPM Raises $5.5M in Series A Funding
Summary
SmartPM Technologies, Inc., an Austin, TX-based provider of automated project controls software for construction, raised $5.5M in Series A funding. The round was led by Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group. The company intends to use the funds to accelerate its strategic initiatives, focusing on enhancing its AI-driven platform, expanding their team, and increasing market penetration. SmartPM Technologies is a provider of schedule controls software, specializing in data-driven tools and analytics for the commercial construction industry. By leveraging AI and machine learning, the 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.