C

Clearstory.build

www.clearstory.build link_icon

Company Research Report: Clearstory





Company Overview



  • Name: Clearstory (formerly Extracker)

  • Mission: To make the entire construction industry more efficient by helping teams get extra work processed and closed faster, reducing risk, wasting less time, improving partner relationships, and making the industry more fun and inspiring.

  • Founded: 2018

  • Founder: Cameron Page

  • Key People:

  • Cameron Page, Founder & CEO

  • Tom Maiaroto, CTO

  • Steve Klei, CFO

  • Alex Bakula-Davis, VP of Customer Success

  • Chris Tzortzis, VP of Sales

  • Charles Reid, VP of Marketing

  • Kristin Jones, Head of Growth

  • Phil Bernard, Director of Product

  • Headquarters: No information is available

  • Number of Employees: Approximately 50 (as of 2023)

  • Revenue: No information is available

  • Known For: Clearstory is known for being the construction industry’s only Change Order Communication Tool, helping contractors and stakeholders manage project changes in real time to reduce risks and inefficiencies.


Products



Collaborative Change Order Request Log


  • Description: Enables stakeholders to track, review, mark-up, and resolve Change Orders in real-time.

  • Key Features:

  • Real-time tracking and review

  • Instant transparency and alignment


Digital Time and Material Tags


  • Description: Mobile application for tracking field-directed extra work.

  • Key Features:

  • Real-time updates

  • Reduces manual paperwork


Change Notifications


  • Description: Tool for distributing design or scope changes to all stakeholders.

  • Key Features:

  • Set pricing deadlines

  • Track reviews and correspondence in one spot


Change Order Request Templates


  • Description: Structured templates for creating clean and consistent Change Order Requests.

  • Key Features:

  • Ease of organization

  • Consistency across projects


Integrations


  • Description: Connects with various tools like Procore, Sage, CMiC, HCSS, and Vista to streamline workflow.

  • Key Features:

  • Seamless data push and pull

  • Open API for additional tool integration


Recent Developments



  • Acquisition of DataStreet (August 2023): Aimed to enhance customer experience and extend capabilities.

  • Rebranding: Changed name from Extracker to Clearstory in June 2023.

  • Funding and Financial Growth: Secured $16 million Series B financing round in 2024, led by Prudence. Previously raised $7 million Series A in 2022 and $5.3 million Seed round in 2021.

  • New Features:

  • Real-time Change Order Review

  • PDF Annotation

  • Partnerships:

  • Collaborations with companies like Ryvit for financial workflow integrations.

  • Office Expansion: Opened a new office in Walnut Creek in 2022.

  • Customer Growth: Processes approximately $1 billion in Change Orders per month as of 2024.


Conclusion



Clearstory continues to revolutionize the construction industry by providing state-of-the-art Change Order management tools that facilitate real-time communication and risk management across project stakeholders. With strategic partnerships, continuous product innovation, and an expanding customer base, Clearstory is positioned as a transformative force in construction technology.

For contact and more information, inquiries can be directed to info@clearstory.build.