Rhumbix Completes $11M Growth Financing
Summary
SAN FRANCISCO, CA, Rhumbix today announced the closing of $11 million in growth capital. Rhumbix, the mobile-first platform helping General Contractors, Trade Contractors, and Owners digitize their field workflows, reporting, and analytics; today announced the closing of $11 million in growth capital to scale its Connected Field Platform-bringing its total funding to $49 million. The investment, co-led by Blackhorn Ventures and Tenfore Holdings, with participation from existing investors Greylock Partners, Glynn Capital, and Darren Bechtel of Brick & Mortar Ventures, will be used to invest in growing the companys product and go-to-market teams, including the recent additions of Bill Smith as President of Commercial Operations and Rob Blau as Vice President of Engineering. Our Field Intelligence Platform is a cloud-based mobile workforce management solution that collects and digitizes data from previously paper-based workflows. This ensures all project stakeholders have the best data, when they need it, to make better decisions and draw actionable insights setting a standard for the "digital age" foreman.
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