SmartPM Secures $5.5M in Series A Funding

SmartPM Technologies, Inc., based in Austin, TX, has raised $5.5 million in Series A funding to further its automated project controls software for the construction industry.

The funding round was led by Building Ventures, with contributions from GS Futures and existing investor The Nemetschek Group.

The company plans to utilize the funds to accelerate its strategic initiatives, focusing on enhancing its AI-driven platform, expanding its team, and increasing market penetration.

SmartPM Technologies specializes in schedule controls software for the commercial construction sector. The platform leverages AI and machine learning to provide contractors, project managers, and stakeholders with real-time data, predictive analytics, and actionable insights, ensuring projects are completed on time, within budget, and according to high-quality standards.

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