[NEWS] Fieldwire just raised $33.5 million more to give PlanGrid and its new owner Autodesk a run for their money – Loganspace

Fieldwire, which makes process management tool for construction groups that helps region up everyone desirous just a few mission so issues don’t fall thru the figurative (or literal) cracks, has raised $33.5 million in Sequence C funding led by Menlo Ventures, with participation from Brick & Mortar Ventures, Hilti Community, and Formation 8.

It isn’t a colossal quantity of cash. Peaceful, the tractionFieldwireis playing might per chance well give the folk at Autodesk some stop, given the rising threat it presents to PlanGrid — a rival that Autodesk received final twelve months for$875 million.

Already, six-twelve months-outdated Fieldwire has 65 employees, with 45 of them in San Francisco and the remainder in Phoenix, plus a smaller outpost in France. And founder and CEO Yves Frinault says the firm expects to maintain nearer to 150 employees by subsequent summer.

Fieldwire is furthermore “cash a hit,” he says, “which procedure our checking myth goes up every month, even supposing we started going like a flash.” To underscore his point, he notes that when wefinal talkedwith him in 2015, the firm’s platform used to be web hosting 35,000 projects; it has since hosted half of a million altogether, with extra than 2,000 uncommon paying clients on the platform. Many of them pack a punch, too, esteem Clark Construction Community, a 113-twelve months-outdated, Maryland-basically basically based mostly construction firm that reported extra than $5 billion in income final twelve months and that started utilizing Fieldwire throughout all of its projects this previous summer. (Clark employs 4,200 of us.)

Because Fieldwire grows from the bottom up, which procedure it targets groups who then exercise it for projects which would per chance well perhaps be then whisk by a gigantic quantity of enterprises that work on totally different projects with other groups that can then furthermore adopt the tool, it has spread particularly rapidly throughout North The United States, which counts for 70 percent of its volume. Fieldwire is furthermore making inroads in Europe, where 15 percent of its income is coming and, to a lesser but rising extent, Australia.

Altogether, its tool is localized in 13 languages.

It employs a freemium mannequin. Tiny groups with five people or much less can exercise a excellent portion of the product for free. But extra customers requires extra storage usually, and that’s where Fieldwire starts charging — usually between $30 and $50 per client monthly, despite the indisputable reality that bigger firms are inclined to pay the firm by the twelve months or in step with the scope of a specific mission versus on a per-license foundation.

Fieldwire’s two fundamental sorts of customers are total contractors and subcontractors. GCs will usually exercise the firm’s tool as a attain to trace quality and progress. Subcontractors are inclined to make exercise of the tool internally to whisk their derive crews.

As for what’s on its roadmap, Fieldwire — which already enables customers to detect at ground plans in actual time, message with one one other, song punch lists, agenda jobs and file reviews —  suggests it’s zeroing in on 3D architectural drawings, which puts it in extra articulate competition with PlanGrid.

PlanGrid furthermore makes construction productivity tool, and fueled by guardian firm Autodesk, it furthermore now supplies customers the flexibility to accept entry to building data modeling data, in both 2D or 3D. Fieldwire doesn’t seem terribly daunted by this. As but another, Frinault calls it a “product discipline to form a 3D product mannequin consumable, so we’re working on it fine now.”

With its most up-to-date round of funding, Fieldwire has now raised $40.4 million altogether.