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Ernest

Tech-enabled commercial construction and maintenance

Overview

Ernest is a tech-enabled commercial construction and maintenance provider serving offices, retail, and large commercial spaces. It uses proprietary software to speed up estimates, planning, and project completion, helping keep projects on time and within budget. The company offers mechanical, electrical, and plumbing maintenance along with construction services, with same or next-day troubleshooting and after-hours work included in partnerships. Its goal is to provide predictable, minimal-disruption projects with transparent pricing, supported by a price-match guarantee and turnkey service.

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About Ernest

Simplify's Rating
Why Ernest is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Industrial & ManufacturingEnterprise Software

Company Size

11-50

Company Stage

Early VC

Total Funding

$13.4M

Headquarters

Miami, FL

Founded

2022

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Simplify's take

What believers are saying

  • Ernest's Miami base positions it close to dense Florida retail and office demand.
  • The company promises price matching, attracting cost-sensitive commercial landlords in 2026.
  • Repeat maintenance work can anchor recurring revenue better than one-off buildouts.

What critics are saying

  • Founders Michael Ragheb, Hassan Yasin, and Olexandr Kaltsev left for Shackleton AI in November 2026.
  • Shackleton AI now sells construction agents, directly attacking Ernest's software advantage from outside.
  • A competitor like Shackleton can commoditize Ernest's estimating and coordination, threatening margins by 2027.

What makes Ernest unique

  • Ernest combines commercial construction with proprietary workflow software, per CB Insights, June 2026.
  • Its same-day troubleshooting and after-hours packages differentiate it for always-open retail tenants.
  • The company serves Florida statewide and says it is expanding into Texas, per October 2026.

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Funding

Total Funding

$13.4M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Paid Vacation
  • Professional Development Budget
  • Employee Referral Bonus

Growth & Insights and Company News

6 month growth

-3%

1 year growth

0%

2 year growth

7%
RuntimeWire
Nov 4th, 2026
Shackleton AI emerges from stealth with $5M seed to automate construction paperwork.

Shackleton AI emerges from stealth with $5M seed to automate construction paperwork. Battery Ventures led the seed round for Shackleton AI, whose founders Michael Ragheb, Hassan Yasin and Olexandr Kaltsev grew contractor Ernest to $35M in revenue. By RuntimeWire Staff - Published Nov 4th, 2026, 7:14am CT - 4 min read - 3 public references - Via PR Newswire Business Technology Listen to article. Shackleton AI emerged from stealth on November 4th with a $5 million seed round led by Battery Ventures. Co-founders Michael Ragheb, Hassan Yasin and Olexandr Kaltsev previously grew Ernest, a tech-enabled commercial general contractor, to $35 million in revenue across the Southeastern United States... Checking your browser so you can read this article. Three articles are free before registration. Already have a free or Pro account? to skip this check. When you purchase through links in its articles, RuntimeWire, Inc. may earn a small commission. This doesn't affect its editorial independence. RuntimeWire, Inc. get virtually zero search traffic. Please consider sharing this story. Signal check Noise Signal Where does this story land? Drag the dial. The startup Backed by Battery Ventures Brick & Mortar Ventures Trust Ventures Correlation Ventures Motivate Partners Act One Ventures The startup Stay on the wire. Breaking startup & AI news, funding scoops, and launches as they happen. Follow @runtimewire on Threads and LinkedIn. Free forever - no credit card, no nagging.

U.S. Securities and Exchange Commission
Feb 12th, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

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