TLDR:
- Ediphi, a Boston-based company, raised $12M in Series A funding led by Norwest Venture Partners
- The funding will be used to expand the team, invest in product innovation, and grow market share within the industry.
Ediphi, a Boston, MA-based provider of cloud-based estimating solution, recently announced raising $12M in Series A funding. The funding round was led by Norwest Venture Partners. The company, led by CEO Dustin DeVan, aims to use the funds to expand its team, invest in product innovation through research and development, and grow its market share within the industry.
Ediphi’s platform offers advanced cloud-based estimating software that helps contractors streamline preconstruction processes and improve decision-making. By leveraging cloud infrastructure, the company ensures data accessibility across various workflows, from estimating to procurement and risk management. The cloud-based estimating solution enables contractors to centralize data, drive detailed cost estimates, connect preconstruction workflows, and accelerate preconstruction processes to win more profitable work.
Commenting on the funding, CEO Dustin DeVan stated, “Our mission is to empower the people who plan the built world. This funding further validates our efforts and will allow us to build our team and invest more in research and development.”
In conclusion, Ediphi’s successful Series A funding round, led by Norwest Venture Partners, highlights the company’s commitment to innovation in the cloud-based estimating solutions space. With plans to expand their team and invest in product development, Ediphi is poised to strengthen its position in the industry and continue empowering contractors in their preconstruction processes.
