Name: BuildingConnected
Brand: BuildingConnected
SKU: 6865812d3a49c90b5e363a45
Rating: 4.6 (200 reviews)

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BuildingConnected

By BuildingConnected

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Overview of BuildingConnected Software Company

BuildingConnected is a cloud-based preconstruction platform designed to streamline bid management and subcontractor qualification in the construction industry. It connects general contractors, subcontractors, and owners through a centralized network, enabling efficient communication and project coordination.

Founding and Growth

Founded: 2012
Founders: Dustin DeVan and Jesse Pedersen
Headquarters: San Francisco, California, USA
Initial Strategy: Started with a free model to attract general contractors and build network effects.
Growth Milestone: Reached over 1,000 active general contractors early on, which helped scale the platform rapidly.

Funding and Valuation

Total Funding Raised: Approximately $45.8M–$52M across 5 rounds.
Key Investors: Lightspeed Venture Partners, Crosslink Capital, Brookfield Asset Management, Homebrew, Freestyle, Bee Partners.
Valuation at Acquisition: Estimated at $275M when acquired by Autodesk in December 2018.
Revenue Milestone: Achieved $50M in annual recurring revenue (ARR) before acquisition.

Product Offerings and Features

BuildingConnected offers several modules:

Bid Board Pro: Centralized dashboard for managing incoming bids.
BuildingConnected Pro: Tools for sending bid invitations, tracking responses, and comparing proposals.
TradeTapp: Subcontractor prequalification and risk assessment.
Analytics Tools: Bid history, estimator performance, and subcontractor engagement metrics.
Integrations: Salesforce, HubSpot, Microsoft Dynamics, Procore, Box, Egnyte.
Security: SSL encryption, AWS hosting, SSO, and GDPR/CCPA compliance.

Acquisitions and Product Expansion

Acquired by Autodesk: December 2018 for $275M.
Post-Acquisition Expansion: Integrated into Autodesk Construction Cloud, enhancing interoperability with other Autodesk tools like BIM 360 and PlanGrid

BuildingConnected AI and New Features

Sealed Bidding: Allows confidential bid submissions.
Custom Bid Forms: Tailored templates for standardized responses.
API Access: Enables data syncing with external systems.
CRM Integration: Connects bid data with sales pipelines.

Company Culture and Values

User-Centric Design: Focused on ease of use and intuitive workflows.
Transparency: Promotes open communication between contractors and subcontractors.
Innovation: Emphasizes automation and AI-driven insights in construction tech.
Community Engagement: Offers webinars, tutorials, and customer success support.

User Base and Community

Network Size: Over 1.5 million construction professionals.
Clientele Includes: McCarthy, Alston, Turner, HOAR Construction.
Global Reach: Primarily US-based, but expanding through Autodesk’s international footprint.
Community Support: Active help center, live chat, webinars, and learning platforms like Pinnacle Series and Global eTraining.