INSUBCONTINENT EXCLUSIVE:
(or literal) cracks, has raised $33.5 million in Series C funding
Still, the traction Fieldwire is enjoying might give the folks at Autodesk some pause, given the growing threat it presents to PlanGrid, a
rival that Autodesk acquired last year for $875 million.Already, six-year-old Fieldwire has 65 employees, with 45 of them in San Francisco
and the rest in Phoenix, plus a smaller outpost in France
altogether, with more than 2,000 unique paying customers on the platform
Many of them pack a punch, too, like Clark Construction Group, a 113-year-old, Maryland-based construction firm that reported more than $5
billion in revenue last year and that began using Fieldwire across all of its projects this past summer
(Clark employs 4,200 people.)Because Fieldwire grows from the bottom up, meaning it targets teams who then use it for projects that are then
run by numerous enterprises that work on various projects with other teams that can then also adopt the software, it has spread particularly
quickly throughout North America, which counts for 70% of its volume
Fieldwire is also making inroads in Europe, where 15% of its revenue is coming and, to a lesser but growing extent, Australia.Altogether,
its software is localized in 13 languages.It employs a freemium model
Small teams with five members or fewer can use a significant portion of the product for free
month.Bigger companies tend to pay the company by the year or based on the scope of a particular project, rather than on a per-license
zeroing in on 3D architectural drawings, which puts it in more direct competition with PlanGrid.PlanGrid also makes construction
productivity software, and is fueled by parent company Autodesk
terribly daunted by its head start
round of funding, Fieldwire has now raised $40.4 million.
