Ediphi Secures $12 Million Series A to Revolutionize Preconstruction Estimating

Ediphi, a cloud-based estimating solution for the construction industry, has successfully raised $12 million in a Series A funding round led by Norwest Venture Partners. This significant financial boost is earmarked for expanding Ediphi's team, enhancing product innovation, and increasing its presence in the preconstruction market. The recent capital infusion follows closely on the heels of a $6.5 million seed funding round from Suffolk Technologies, underlining the rapid growth and market confidence in Ediphi’s technology.

Based in Boston, Ediphi aims to transform the pre-construction process by offering contractors a more efficient and accurate method for generating estimates. The company's solution aims to replace the outdated, manual, and time-consuming practices that currently dominate the industry with a modern, cloud-native platform. This innovative approach is designed to streamline the estimating process, reducing it from days or weeks to just a few hours while also enhancing accuracy, scalability, and collaboration across teams.

Ediphi's technology allows for continuous updating and refining of estimates throughout the preconstruction phase, supported by a comprehensive cloud database of scope and historical cost data. This dynamic approach to estimating not only improves efficiency and accuracy but also enables contractors to secure more profitable projects by making informed decisions early in the project lifecycle. With Ediphi, the future of preconstruction estimating looks more promising, heralding a new era of efficiency and profitability in the construction sector.