Overview

Higharc provides a cloud-based platform that integrates various processes in the homebuilding industry, including design, sales, estimation, and construction. The platform helps homebuilders and construction companies streamline their operations, reduce waste, and speed up project timelines. By using advanced technology like generative design and centralized data management, Higharc allows builders to automate parts of the design process and ensure that all stakeholders have access to the same information. This leads to significant time and cost savings, as demonstrated by Buffington Homes, which saved 15 days on their project schedule and generated over $10 million in extra revenue in 2023. Higharc operates on a subscription-based model, offering different tiers to cater to the needs of various homebuilding companies. The goal of Higharc is to enhance efficiency and productivity in the residential construction market, helping builders scale their operations and improve profitability.

Simplify's Take

What believers are saying

• Higharc raised $53M in Series B funding, boosting its growth potential.
• Partnerships with industry leaders like Home Depot enhance Higharc's market credibility.
• The platform's efficiency led Buffington Homes to save 15 days per project in 2023.

What critics are saying

• Over-reliance on generative design could be risky if technology fails expectations.
• Low enterprise investment in generative AI may limit Higharc's market adoption.
• Increased competition from large players like Home Depot could pressure Higharc.

What makes Higharc unique

• Higharc integrates design, sales, and construction in a single cloud-based platform.
• The platform uses generative design to automate and streamline homebuilding processes.
• Higharc offers centralized data management, ensuring all stakeholders access the same information.

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Funding

Total Funding

$77.8M

Above

Industry Average

Funded Over

4 Rounds

$53,000,000

Series B

Feb 2024

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$53M

$65M

$100M

View all funding stages