Ingenius.Build

Ingenius.Build

Construction software for project administration

About Ingenius.Build

Simplify's Rating
Why Ingenius.Build is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Industrial & Manufacturing

Enterprise Software

Company Size

51-200

Company Stage

Series A

Total Funding

$58M

Headquarters

Chicago, Illinois

Founded

2016

Overview

Ingenious.Build offers software solutions that enhance construction administration for the Architecture, Engineering, Construction, and Operations (AECO) industry. The platform automates budgeting, cost management, and change order processes, providing real-time insights and customizable approval workflows to improve efficiency and reduce risks. Unlike competitors, Ingenious.Build operates on a subscription model, ensuring continuous updates and improvements. The company's goal is to simplify and streamline construction administration, ultimately saving time and minimizing financial risks for its clients.

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Simplify's Take

What believers are saying

  • Raised $37M in Series A funding to accelerate growth and product development.
  • Increased adoption of digital twins enhances project visualization and management.
  • 5G technology improves connectivity and data accuracy for Ingenious.Build's platform.

What critics are saying

  • Facing competition from established players like Procore and Autodesk.
  • Economic uncertainties may impact demand for construction management software.
  • Potential data privacy concerns with international market expansion.

What makes Ingenius.Build unique

  • Ingenious.Build offers a cloud-based platform with real-time collaboration features.
  • The platform integrates seamlessly with other construction software, enhancing usability.
  • Ingenious.Build specializes in automated budgeting and cost management for the AECO industry.

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Funding

Total Funding

$58M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$37M
Ingenius.Build

Benefits

Unlimited Paid Time Off

Paid Sick Leave

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

↓ -1%

1 year growth

↑ 0%

2 year growth

↑ 1%
Finsmes
Nov 17th, 2023
Ingenious.Build Raises $37M In Series A Funding

Ingenious.Build, a Nashville, TN-based technology company specializing in project management software for real estate development and construction, raised $37M in Series A funding.The round was led by Morpheus Ventures and Navitas Capital alongside Koch Real Estate Investments, with participation from American Family Ventures, JLL Spark Global Ventures and Crow Holdings.The company intends to use the funds to accelerate its growth trajectory focusing on advancing product features, further expanding market reach and enhancing client support infrastructure.Led by Nick Carter, CEO and Founder, Ingenious.Build is a technology company specializing in project management software for real estate development and construction. By leveraging data, automation, end-to-end project management, and real-time insights, it empowers organizations and all stakeholders to manage projects with precision and reduced risk.Platform tools include:Fully automated platformMobile accessibility – iOS & AndroidCloud-based real-time collaborationIntegrations with other construction softwareThe company serves Real Estate Development and Construction organizations worldwide, with a presence in North America, Europe, Asia, and the Middle East.FinSMEs17/11/2023

U.S. Securities and Exchange Commission
Nov 10th, 2023
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.

TechCrunch
Nov 21st, 2020
Affirm, Airbnb, C3.ai, Roblox, Wish file for tech IPO finale of 2020

For some of the most awaited Silicon Valley tech companies of the decade, this week looked good enough to file for IPOs

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