Eyrus, a US-based construction jobsite intelligence platform, has secured $12m (£8.8m) in Series A funding.
The round was led by Spring Mountain Capital, with participation from Autodesk and existing investors Motley Fool Ventures and Fuel Venture Capital.
The company intends to use the funds to accelerate growth, as they enter new market segments and geographies. Eyrus will introduce its platform and strengthen existing partnerships in the Asia-Pacific region, as well as in the EU, the UK and the Middle East.
The company will also dedicate resources to advancing customer-focused product development and enhancing its user experience. Additionally, Eyrus will continue its hiring efforts, securing talent for key positions.
Led by Alexandra McManus, CEO and co-founder, Eyrus provides organisations with a cloud-based platform that delivers vital jobsite intelligence and daily reporting for all stakeholders.
The platform automates the collection of a wide variety of workforce data points and allows project teams to enhance attendance, timekeeping, safety, and security data in real time.
McManus commented: “This will be a very big year for Eyrus, and we’re already executing on a number of bold new initiatives. As such, this was the right time to raise capital to drive these initiatives forward with the speed and scale we envision.”
Sid Haksar, senior director, head of strategy, Autodesk Construction Solutions, added: “At a time when organisations need to better manage their onsite labor for a competitive advantage, Eyrus helps increase worker efficiency, jobsite productivity, access control and site safety.
“With our investment, Autodesk looks forward to building a strategic partnership with Eyrus that will benefit Autodesk Construction Cloud customers with increased visibility of their valuable project resources along with actionable insights.”
Image credit: Eyrus
Read next: Lithuania adopts AI-drone combo for road inspections
Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.
