Overview
SmartPM Technologies, Inc. is a prominent provider specializing in automated schedule controls and project management software, particularly for the commercial construction sector. Headquartered in Atlanta, GA, the company leverages AI-driven solutions to enhance project control and offer schedule analytics. Their innovative platform is designed to integrate seamlessly with existing CPM scheduling software, improving schedule reliability, data management, and minimizing project delays and disputes. SmartPM serves a diverse range of industries including construction, engineering, transportation, and infrastructure.
Products and Services
The flagship offering from SmartPM is its Automated Project Controls™ platform, which delivers real-time analytics and objective insights into project schedules. This platform is crucial in reducing project delays and budget overruns by enabling smarter management capabilities, ensuring projects remain on schedule and within allocated budgets.
Leadership Team
- Michael Pink, CEO & Co-Founder: With over 20 years of experience in project controls and construction delay analysis, Michael Pink drives innovation within SmartPM, emphasizing improved communication to prevent project overruns.
- Richard Pink, COO & Co-Founder: Richard brings over 30 years in business management, focusing on sales, marketing, and business development to ensure strategic operational functions at SmartPM.
- Rohit Sinha, CTO: As the Chief Technology Officer, Rohit Sinha leads technological advancements at SmartPM, ensuring cutting-edge features and innovation in construction management solutions.
- Darren Fouts, Vice President of Enterprise Sales: Holding more than two decades in sales and management, Darren focuses on expanding market presence and enhancing customer relationships.
- Peter Rowland, Vice President of Sales: With a Six Sigma Green Belt, Peter Rowland drives sales strategies and operations to leverage market opportunities.
- Sara Giacobbi, VP of Client Experience + CSM: Dedicated to client success and management, Sara ensures high levels of service and client support.
- Shawn Davidson, Vice President, Channel Partnerships: Responsible for developing channel partnerships to expand SmartPM's impact within the construction tech industry.
Financial Performance and Funding
SmartPM Technologies has showcased strong financial growth, securing $5.5 million in Series A funding in May 2024. The company has also raised an estimated total of $13.71 million through various funding rounds, backed by investors such as GS Futures, Nemetschek Group, and Building Ventures, aimed at accelerating growth and innovation in its schedule control platform.
Financials and Market Position
SmartPM Technologies reportedly holds an annual revenue of $13.4 million and employs 53 personnel, placing them as a medium-sized firm in the competitive construction management software landscape.
Competitors and Alternatives
SmartPM Technologies faces robust competition from a number of key players offering diverse solutions across the construction management software market:
1. Contractor Foreman: An affordable management system starting at $49/month, integrating project management, financial services, and client collaboration.
2. CIPO Cloud Software: Provides a comprehensive PMIS for construction owners, aimed at workflow automation and operational efficiency.
3. The Blue Book Network: Offers networking solutions enhancing industry connectivity for commercial construction players.
4. Trimble: Deploys technology connecting digital and physical workflows to enhance productivity and safety.
5. InEight: Focuses on construction project controls software aiding over 850 companies with project complexity management, cost estimation, and scheduling.
Key Insights
- Contractor Foreman attracts smaller contractors with its cost-effective solutions.
- CIPO Cloud Software and InEight cater to larger enterprises seeking sophisticated insights through AI and data analytics.
- Trimble and The Blue Book Network extend offerings with operational and networking tools, complementing traditional project management software functionalities.
Market Trends
The construction management software industry is swiftly evolving, with a notable shift towards integrating advanced data analytics and AI. These technologies enable better prediction of project outcomes, greater visibility, and improved decision-making efficiency. Companies like SmartPM are persistently innovating to furnish more comprehensive and user-friendly integrated solutions to meet the evolving demands of the construction and engineering sectors.
