INSUBCONTINENT EXCLUSIVE:
round is led by Crane Venture Partners, with participation from existing backers SEED Capital and Heartcore
Forecast has raised $10 million in total funding to date.Founded in late 2016, Forecast describes itself as an AI-powered project management
solution that automates manual project management tasks, and brings extra visibility and predictive capabilities to project management
The idea is to help increase collaboration across teams with a better workflow and to improve planning.Forecast claims that by using its
Forecast co-founder and CEO Dennis Kayser tells TechCrunch
Project management depends on many manual, ongoing updates to stay on time, on budget and on track
increases exponentially, Kayser says the problem is getting worse, which, of course, is where machine intelligence can help
this, Forecast uses AI to help keep projects on track and make project management more efficient
project managers and senior executives
This includes matching the best person and role to the task, automation of time registration, forecasting the size and duration of tasks and
being alerted before a project is in trouble.With regards to target customers, Kayser says that Forecast is focused on helping IT -
The software has helped customers manage more than 40,000 projects with more than 1,000,000 tasks created.
