Construction Management App Rhumbix Closes $8M Funding

Funding Rounds

Summary

Rhumbix, a San Francisco, CA-based mobile platform designed for smarter construction sites, closed an $8m round of funding. The round was led by Autodesk, Inc., a provider of cloud-based construction project management software connecting teams and data from design through construction. Led by Zach Scheel, CEO and co-founder, and COO and co-founder Drew DeWalt, Rhumbix provides builders with a mobile app that digitizes and standardizes field data related to time and attendance, production tracking and benchmarking, daily reporting, field work orders, QA/QC inspections, and health and safety reporting. This information is immediately viewable in the Rhumbix web app, where users can track labor productivity and budget versus actual performance each day. The platform is currently being used by 12 of the ENR Top 30 GCs and Subcontractors in the United States.

$ Funding

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Amount $8.0M Total raised
Date August 15, 2018 Announcement date
Investors - Lead investors
Company http://www.rhumbix.com Funded company

Classifications

industries
No industries detected
applications
ERP & Process Management

AskAI Classifications

Labels
Construction Software Field Workforce Management Software Time Tracking Software

Linked Companies

Rhumbix
$10M to $25M