New funding for construction tech software firm

By Andy Brown19 May 2021

Assignar is a cloud-based construction operations platform

Assignar, a cloud-based construction operations platform for heavy civil and infrastructure self-perform general and subcontractors, has raised US$20 million in Series B funding.

Assignar streamlines operations, schedules and tracks crews and equipment, improves quality and safety, and measures and monitors productivity and progress with data on all projects.

The US-based company supports hundreds of international customers, in markets such as Australia, New Zealand and Canada, that are working on multibillion dollar projects in infrastructure, road, rail, heavy civil, utilities and other construction disciplines.

President Biden’s proposed Infrastructure Bill may signal an investment in infrastructure for communities across the US. However, most software solutions on the market serve general contractors in the commercial project management space.

The investment round was led by Fifth Wall, the largest venture capital firm focused on technology for the global real estate industry. With this new investment, Assignar will grow its business in North America by hiring for roles across all departments. The company also plans to invest in R&D and product development to further develop its core platform.

“For years, the construction industry has lacked a well-designed and ubiquitous operations platform. Assignar offers a unique solution that makes projects easier for large general contractors, developers, and real estate owner-operators who seek the best real-time snapshot of granular field activity,” said Vik Chawla, Partner with Fifth Wall.

NEWSLETTER
Delivered directly to your inbox, Construction Technology Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Andy Brown Editor, Construction Technology Tel: +44 (0)1892 786 224 E-mail: andy.brown@khl.com
Eleanor Shefford Sales Manager Tel: +44 (0)1892 786236 E-mail: eleanor.shefford@khl.com
Latest News
The future of German road maintenance is AI, says Hochtief
Contractor launches artificial intelligence programme with city of Herne for road rehabilitation
Three major companies to join safetytech regulatory sandbox
The project will focus on innovation around significant areas of risk in construction
Komatsu’s tech solutions to boost construction’s productivity
One of world’s largest construction OEMs showcases three tech solutions