Name: 1build
Brand: 1build
SKU: 6316ffd309fb84d1187f6cb5
Rating: 4.2 (392 reviews)

Overview of 1build Software Company

1build is a software-as-a-service (SaaS) company that provides a platform for construction cost estimation and materials procurement. It was founded in 2003 and is headquartered in San Francisco, California.1build's core offering is an API that gives access to a database of over 68 million live construction cost data points covering materials, labor, and equipment costs for every county in the United States. This data is continuously updated to reflect real-time market pricing.

Founding and Growth

Founded in 2019 by Dmitry Alexin, who previously worked in finance and real estate technology.
Headquartered in Brandon, Florida.
Participated in Y Combinator's Winter 2020 batch.
Experienced rapid growth, with subscription revenues rising 7x in 10 months and 10x since April 2021.
Employee count grew by 13% last year, now at 61 employees.

Funding and Valuation

Total funding raised: $19.65 million.
Most recent round: $14 million Series A led by Greycroft in September 2021.
Previous seed round: $5.5 million from Initialized Capital.
Other investors include Y Combinator, Liquid 2 Ventures, and Soma Capital.
Estimated annual revenue: $15.9 million.

Product Offerings and Features

Core product: API for live construction cost data.
Database of over 68 million live data points on construction materials, labor, and equipment costs for every U.S. county.
Offers real-time pricing data, detailed product descriptions, pre-built assemblies, and reusable templates.
Integrates with other construction software platforms to provide cost estimation capabilities.

1build AI and New Features

Launched AutoCost feature with CostCertified, allowing contractors to quickly obtain localized pricing for total bid costs.
Integrated with STACK to provide real-time pricing data within their takeoff and estimating tools.

Company Culture and Values

Mission: To create a data-driven approach for humans and algorithms to collaborate on building design and construction.
Focuses on elevating contractors and arming them with necessary data to win bids.
56% of employees believe 1build has a positive business outlook.

User Base and Community

Serves a range of clients including general contractors, subcontractors, and builders.
Particularly beneficial for projects in sectors such as office buildings, retail spaces, single-family homes, multi-family units, and schools.
Partners with various construction technology providers to expand reach and integrate services.

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