Buildup Company Profile
Background
Company Overview
Buildup, founded in 2015, is a construction management platform designed to enhance communication and efficiency among project managers, contractors, and on-site personnel. The platform offers tools for managing construction projects via smartphones, tablets, or computers, featuring dynamic punch lists, task creation, automated sequencing, quality control mechanisms, project insights, and subcontractor performance analysis. These features aim to improve product quality, reduce costs, and shorten construction timelines. Buildup is trusted by large owners, developers, and general contractors, ensuring high subcontractor participation and effective communication, including automatic Spanish translation.
Mission and Vision
Buildup's mission is to streamline construction project management by providing an intuitive, workflow-focused application that facilitates task management, inspections, and punch lists, ultimately improving quality and efficiency in the construction industry.
Industry Significance
In the construction industry, effective communication and task management are critical. Buildup addresses these needs by offering a platform that enhances collaboration among all stakeholders, thereby reducing project delays and cost overruns.
Key Strategic Focus
Core Objectives
- Enhance communication among project stakeholders.
- Improve product quality upon project completion.
- Reduce construction costs and timelines.
Areas of Specialization
- Task management.
- Punch lists.
- Inspections.
Key Technologies Utilized
- Mobile and web-based platforms.
- Automated task sequencing.
- Quality control mechanisms.
Primary Markets Targeted
- Owners and developers.
- General contractors.
- Subcontractors.
Financials and Funding
Funding History
- Total Funds Raised: $10.5 million over three rounds.
- Series A (December 2015): $1.91 million.
- Series B (November 2017): Amount undisclosed.
Notable Investors
- TLV Partners.
- UpWest Labs.
- 01 Ventures.
- Abstract Ventures.
- Guy Goldstein.
- Ahikam Kaufman.
Utilization of Capital
The capital raised has been directed towards product development, market expansion, and enhancing platform features to better serve the construction industry.
Pipeline Development
Buildup's platform is continually evolving to meet the dynamic needs of the construction industry. Key developments include:
- Automated Task Sequencing: Introduced to streamline task management processes.
- Checklist Per Unit Feature: Enhances efficiency in construction inspections.
- Integration with Procore: Facilitates seamless project management.
Technological Platform and Innovation
Proprietary Technologies
- Mobile Collaboration Tools: Enables on-site personnel to manage tasks via smartphones and tablets.
- Automated Task Sequencing: Optimizes task management by automating sequences.
Significant Scientific Methods
- Quality Control Mechanisms: Ensures high standards in construction projects.
- Project Insights and Analytics: Provides data-driven insights for project improvement.
Leadership Team
Key Executives
- Stephen Haskin: Executive Vice President, Chief Executive Officer & General Manager.
Professional Backgrounds
- Stephen Haskin: Brings extensive experience in construction management and technology integration, leading Buildup's strategic direction and operations.
Leadership Changes
As of July 2023, Buildup was acquired by TCQS Applications LLC, marking a significant transition in its leadership and operational structure.
Competitor Profile
Market Insights and Dynamics
The construction management software market is experiencing significant growth, driven by the need for efficient project management solutions. Key trends include the adoption of mobile platforms, integration with existing project management tools, and the emphasis on real-time collaboration.
Competitor Analysis
- Procore: Offers comprehensive construction management solutions with a focus on project scheduling and budget tracking.
- Autodesk Construction Cloud: Provides tools for design, planning, and construction management, emphasizing collaboration.
- Fieldwire by Hilti: Specializes in jobsite management with features for task management and plan viewing.
Strategic Collaborations and Partnerships
Buildup has integrated with Procore, enhancing its platform's capabilities and offering users a more comprehensive project management experience.
Operational Insights
Buildup's strategic considerations include:
- Market Position: Positioning itself as a user-friendly, mobile-first solution in the construction management software market.
- Competitive Advantages: Emphasis on ease of use, effective communication tools, and features tailored for field managers.
Strategic Opportunities and Future Directions
Buildup's strategic roadmap focuses on:
- Product Enhancement: Continuously improving platform features to meet evolving industry needs.
- Market Expansion: Exploring new markets and expanding its user base.
- Technological Innovation: Integrating advanced technologies to enhance platform capabilities.
Contact Information
- Website: www.buildup.co
