Forecast raises $5.5M for its ‘AI-powered’ project management software –

Funding Rounds

Summary

The round is led by Crave Venture Partners, with participation from existing backers SEED Capital and Heartcore. “Work is going more project-based… leading to an increased need for project management skills and expertise,” Forecast co-founder and CEO Dennis Kayser tells TechCrunch. The software integrates with existing tools — such as Trello, Slack, Gdrive, Githum and Salesforce — and uses these various external data-points as key indicators for how well a project is running. “Everyone on your team can continue to use the tool they prefer without sacrificing dead-simple scheduling, reporting and collaboration for project managers and senior executives. With regards to target customer, Kayser says that Forecast is focused on helping IT & services, marketing, and computer software development companies that “rely on capacity being predictable and project delivery being successful”.

$ Funding

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Amount $5.5M Total raised
Date November 1, 2019 Announcement date
Investors SEED Capital Lead investors
Company http://www.forecast.app Funded company

Classifications

industries
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applications
Accounting and Taxes

AskAI Classifications

Labels
Project Management Software Resource Management Software AI-powered Software

Linked Companies

Forecast
$5M to $10M
Forecast
$5M to $10M