Skip to main content

San Diego’s eSub raises $12 million for its construction management software

The San Diego-based software developer eSub Construction Software has raised $12 million in a new round of financing for its project management platform for contractors.

The company’s funding was led by Catalyst Investors with participation from previous investor Revolution Ventures.

Software for the construction industry is becoming a big business and attracting more capital from investors. Construction management software vendor Procore is now worth $3 billion, thanks to a $75 million investment late last year from Tiger Global.

Indeed, unicorns are galloping across the construction industry these days. SoftBank  kicked off 2018 by investing $865 million in Katerra — one of many early mega-deals from the firm’s giant Vision Fund — which touts itself as a one-stop shop for everything from planning to permitting to filling new building construction. In November, another software developer that was contending for the construction market, PlanGrid, was acquired by Autodesk in an $875 million transaction.

Slotting in the space where project developers outsource to contractors and crews, eSub provides oversight on operations in the field for developers. The company’s software is integrated with its strategic backer, Autodesk, as well as construction estimation and accounting software to provide an overview and budget for the entire construction process from design through the build on-site.

“eSUB takes a differentiated approach to solving the needs of the construction industry. By creating an easy-to-use, purpose-built platform, the company empowers trade contractors to have their own system of record and productivity optimization solutions,” said Bihler. “We’re excited to be part of this next stage of growth.”

Last year, eSub estimates that investors put roughly $3.1 billion in financing into construction technology companies, but the startup maintains that the bulk of those investments overlooked trade contractors, which represent some $1.1 trillion of construction spending.

“Trade contractors are the lifeblood of the construction industry,” said Wendy Rogers, founder and CEO of eSUB. “They are the true builders who construct commercial construction projects. However, they are underserved by the majority of disjointed point solutions in the marketplace and are forced to utilize systems that are developed for general contractors.”



from TechCrunch https://tcrn.ch/2WnAj1N
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

The Silent Revolution of On-Device AI: Why the Cloud Is No Longer King

Introduction For years, artificial intelligence has meant one thing: the cloud. Whether you’re asking ChatGPT a question, editing a photo with AI tools, or getting recommendations on Netflix — those decisions happen on distant servers, not your device. But that’s changing. Thanks to major advances in silicon, model compression, and memory architecture, AI is quietly migrating from giant data centres to the palm of your hand. Your phone, your laptop, your smartwatch — all are becoming AI engines in their own right. It’s a shift that redefines not just how AI works, but who controls it, how private it is, and what it can do for you. This article explores the rise of on-device AI — how it works, why it matters, and why the cloud’s days as the centre of the AI universe might be numbered. What Is On-Device AI? On-device AI refers to machine learning models that run locally on your smartphone, tablet, laptop, or edge device — without needing constant access to the cloud. In practi...
1 comment
Read more

Apple’s AI Push: Everything We Know About Apple Intelligence So Far

Apple’s WWDC 2025 confirmed what many suspected: Apple is finally making a serious leap into artificial intelligence. Dubbed “Apple Intelligence,” the suite of AI-powered tools, enhancements, and integrations marks the company’s biggest software evolution in a decade. But unlike competitors racing to plug AI into everything, Apple is taking a slower, more deliberate approach — one rooted in privacy, on-device processing, and ecosystem synergy. If you’re wondering what Apple Intelligence actually is, how it works, and what it means for your iPhone, iPad, or Mac, you’re in the right place. This article breaks it all down.   What Is Apple Intelligence? Let’s get the terminology clear first. Apple Intelligence isn’t a product — it’s a platform. It’s not just a chatbot. It’s a system-wide integration of generative AI, machine learning, and personal context awareness, embedded across Apple’s OS platforms. Think of it as a foundational AI layer stitched into iOS 18, iPadOS 18, and m...
Post a Comment
Read more

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...
Post a Comment
Read more