BuildingConnected, Inc.

BuildingConnected, Inc. , based in the US, offers advanced preconstruction software solutions that enhance operational efficiency and connectivity in the construction industry. BuildingConnected, Inc. provides preconstruction software that streamlines processes within the construction sector.

Founded in 2012 and headquartered in San Francisco, US, the company has successfully completed 6 deals. In December 2018, BuildingConnected was acquired by Autodesk for USD 275 mn, furthering its integration capabilities. BuildingConnected was previously funded by a diverse group of investors including Bee Partners and Lightspeed Venture Partners. BuildingConnected specializes in preconstruction software solutions designed to enhance efficiency and connectivity within the construction industry.

Their core offerings include BuildingConnected Pro, TradeTapp, and Bid Board Pro which collectively streamline bid management, risk analysis, and subcontractor qualification processes. BuildingConnected Pro enables general contractors and owners to centralize their bid management, facilitating the invitation of the most suitable subcontractors and managing proposals effectively. TradeTapp automates the qualification of subcontractors through recommendations that help mitigate risks early in the bidding process, while Bid Board Pro allows subcontractors to manage and collaborate on bid invites in real time. This platform serves a diverse client base, including general contractors, subcontractors, and project owners, primarily across the North American market, facilitating transactions in the construction sector.

BuildingConnected generates revenue through subscription-based models for its suite of software products, providing a comprehensive solution for bid management and risk mitigation tailored to the construction sector. Clients engage with the company through direct subscription plans for BuildingConnected Pro and TradeTapp, with offerings designed to accommodate the varying needs of general contractors and subcontractors. The transaction structure typically involves annual or monthly subscriptions, allowing users to access features like bid analytics and vendor management tools. While specific pricing details are proprietary, the company’s primary products are integral to enhancing operational efficiencies for construction firms, contributing to their overall revenue generation.

The collective usage of these software solutions underlines the company's commitment to providing value in the competitive construction landscape. Following its acquisition by Autodesk in December 2018, BuildingConnected aims to enhance its software offerings and integration capabilities. Recent funding will support the development of new products that align with Autodesk's platform by leveraging BuildingConnected's existing technology. The company is also targeting expansion into additional geographic markets, with specific plans to enhance its presence in Europe and Asia by 2023, broadening its client base and operational reach.