Odin

Odin

Manages workforce risk in construction

About Odin

Simplify's Rating
Why Odin is rated
C+
Rated C on Competitive Edge
Rated C on Growth Potential
Rated B on Rating Differentiation

Industries

Industrial & Manufacturing

Company Size

11-50

Company Stage

Early VC

Total Funding

$4.9M

Headquarters

New York City, New York

Founded

2020

Overview

Odin provides a platform for managing workforce risk specifically in the construction industry. It helps construction companies, subcontractors, and workers by streamlining the onboarding and coordination of workforce data. The platform allows users to onboard workers in multiple languages, which can cut onboarding time by over 50%, addressing the challenges of a diverse workforce. Odin operates on a subscription model, where clients pay a recurring fee for access to features like data management and risk mitigation tools, along with an additional charge for worker badges. This approach not only ensures a steady income but also enhances project efficiency by enabling better coordination and faster onboarding, ultimately helping companies complete projects more quickly and with reduced risks.

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Simplify's Take

What believers are saying

  • Integration with BIM tools can enhance data management and project coordination.
  • Modular construction methods align with Odin's workforce management strengths.
  • Focus on mental health in construction offers expansion into wellness features.

What critics are saying

  • Emerging construction tech startups increase competition for Odin.
  • Labor shortages may impact demand for Odin's workforce management solutions.
  • Rising construction material costs could limit investment in software solutions.

What makes Odin unique

  • Odin offers multilingual onboarding, reducing time by at least 50%.
  • The platform integrates IoT for real-time construction site monitoring.
  • Odin's subscription model is supplemented by fees for worker badges.

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Funding

Total Funding

$4.9M

Above

Industry Average

Funded Over

2 Rounds

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

Growth & Insights and Company News

Headcount

6 month growth

-29%

1 year growth

-25%

2 year growth

-25%
Appeal-Democrat
Nov 9th, 2023
Officials address vibration concerns over levee work

As part of the next phase of levee work, the U.S. Army Corps of Engineers is working with the construction company Odin to contract a small berm to mitigate potential seepage under Highway 70.

AlleyWatch
Jun 18th, 2021
The AlleyWatch Startup Daily Funding Report: 6/18/2021

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/18/2021 featuring funding details for eqtble, ODIN, and much mor

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