Planera Secures $13.5 Million to Disrupt Construction Scheduling & Planning Market
Summary
The funding will enable Planera to accelerate the development and deployment of its innovative, collaborative, and visual planning tools, addressing the growing needs of general contractors (GCs), specialty subcontractors, and the wider construction sector. "This funding milestone brings us closer to our vision of empowering teams with the technology they need to plan, schedule, and collaborate more effectively to deliver optimal outcomes for complex construction projects," said Nitin Bhandari, CEO and co-founder of Planera. "Were seeing strong demand for long term as well as weekly planning tools, and we are heavily investing in more advanced features like quality checks, performance analytics and construction-specific AI to better anticipate and manage unexpected project challenges. "Planeras innovative approach to leveraging SaaS in the construction industry is a testament to the transformative power of intelligent applications," said Shashank Saxena, managing partner at Sierra Ventures. "Planera is the only company that has successfully challenged the incumbents and gained impressive early traction in the project planning software space," said Kaustubh Pandya, Partner, Brick and Mortar.