SILICON SLOPE, Utah–(BUSINESS WIRE)–Iris Technologies announced today that it has raised an oversubscribed $3.2 million funding round and launched the world’s first communications hub designed for construction project managers and project engineers to simplify complex communications that move construction projects forward. The round is led by Resolute Ventures, with participation from Animo Ventures, Long Journey Ventures and Grix Venture Capital.
Even in today’s digital world, the construction process is still people-driven. To get things built, there are over a million construction managers in the United States, all communicating constantly to make decisions and solve problems on projects. Poor communication between contractors, subcontractors, architects, engineers and other stakeholders plagues modern projects, and problems resulting from communication breakdowns cost projects $500 billion a year in labor costs work, waste of materials and unforeseen delays around the world.
Under the status quo, project managers spend 10 hours a week organizing and tracking the torrent of communication flowing through their projects; but Iris has developed an elegant software solution designed to streamline communication for construction managers, allowing them to focus their time on managing the multi-faceted details of the project. With its communication platform, Iris advances the construction process by saving managers time, helping them prevent things from slipping through the cracks, and ultimately giving them peace of mind.
“Construction managers are under tremendous pressure to keep a project’s 50+ stakeholders on the same page. It’s incredibly hard work. Iris makes it simple and easy to keep everyone aligned. easier, allowing project managers and engineers to work smarter and complete critical tasks with less stress,” said Patrick Brown, co-founder and chief engineering officer at Iris Technologies.
“Our product is truly something unique,” said Elijah Zenger, co-founder and chief product officer. “By connecting to Outlook and providing communication and productivity tools directly aligned with how projects are actually built, we’re preventing things from falling through the cracks and really helping the people who drive the industry forward.” construction. It’s hard to overstate the amount of value we’re able to deliver.
“I experienced the problem when I was managing a project – people in this industry absolutely deserve a new generation of software tools to help them do their job. Giving peace of mind to some of the most influential people on a project, we are fast becoming a go-to for any commercial general contractor,” said Josh Whisenant, co-founder and CEO of Iris Technologies. “I am grateful to our partners – Resolute, Animo, Long Journey, Grix and dozens angels, advisors and friends – for giving us the opportunity to bring about real change in the construction industry.”
For more information on how Iris Technologies is transforming project management in commercial construction, visit www.iris.construction.
About Iris Technologies
Iris Technologies is building the communication hub for project engineers and project managers in commercial construction. The company integrates elements of the best task managers, messaging systems and construction management software into a simple platform designed specifically for construction. Iris’ solution can be adopted by one person without changing anyone else’s workflows, and is optimized to give PMs/PEs peace of mind and an extra 5 hours of time each week.