Stratus, a cloud-based platform designed for MEP contractors, has raised $32 million in a Series B funding round led by Radian Capital, a growth equity firm. The funding aims to support Stratus’ mission of enhancing construction workflows through digital solutions, enabling contractors to achieve improved efficiency and productivity.
Stratus’ platform focuses on optimizing prefabrication and fabrication workflows, integrating with tools like Autodesk Revit and AutoCAD to streamline operations. Contractors can use the platform to plan, manage, and track fabrication processes while accessing real-time performance metrics. This approach reduces errors and enhances project efficiency.
Stratus intends to utilize the funding to:
Jake Olsen, CEO of Stratus, stated, “This investment marks a significant milestone in transforming the construction industry. By embracing digital workflows, contractors can improve efficiency and project outcomes. With Radian Capital’s support, we’re committed to driving innovation and delivering value to our customers.”
Jordan Bettman, Co-Founder and Managing Partner at Radian Capital, expressed confidence in the partnership: “Stratus has emerged as a pivotal solution for contractors, addressing critical challenges in the construction sector. We’re excited to support their journey in advancing digital transformation.”
Since its establishment in 2015, Stratus has focused on meeting the needs of contractors and fabricators, earning recognition as a reliable solution for optimizing fabrication processes in a competitive industry.
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By Proptechbuzz
By Ravi Kumar