San Francisco, October 18, 2017—Rhumbix, a mobile platform designed for smarter construction sites, has closed a $7.35 million round of funding led by Blackhorn Ventures, with participation from Greylock Partners, Brick & Mortar Ventures, Spectrum 28, Glynn Capital, and Kiddar Capital. This is one of the first investments made by Blackhorn, a new fund aimed at supporting companies redefining global resource use.
Topics: Press Release
How do you invest in innovation when you’re a small electrical contractor just trying to keep up with the day-in, day-out flow of your business? This is the question we’re pondering after attending the NECA National Convention last week in Seattle, WA.
A while back, Rhumbix CEO & Co-founder, Zach Scheel, took to the airwaves with the ConTechCrew to share more about what Rhumbix is up to in the field, and why worker empowerment is such an important core value for us. The conversation ranged from Zach's military background to what firms are doing to achieve net profits consistently above 10%.
Improving productivity is something that those of us in construction are thinking about constantly. But what strategies are really working? Many companies and industry experts are considering—or actively experimenting with—a variety of methods, including prefabrication, new field technologies, and Lean construction methods. While many of these approaches are still in their infancy, there are promising indicators of best practices firms can adopt to get the most out of their productivity initiatives.
OSHA’s new safety standards on the permissible level of crystalline silica goes in effect on September 23. Originally set for an enforcement date of June 23, the ruling was delayed three months for a variety of reasons including the transition to a new presidential administration and appointment of Labor Secretary, Alexander Acosta.
On the blog today, we’re introducing Shannon Cassidy, a new member of our Customer Success Team. Shannon comes to us with five years of construction experience as a field engineer, project engineer, and project manager. She continues to put mileage on her steel-toed boots by supporting our customers in the field.
Read on to hear more about Shannon’s role with Rhumbix, and what inspired her to pursue opportunities in construction technology.
At the beginning of August 2017 the AGC IT Forum in Denver covered lots of ground on how IT innovations are driving construction transformation: A topic of growing urgency in our industry. Looming labor shortages compounded with an aging workforce and continuous pressure to tighten margins have created a critical turning point where firms who adopt and adapt will thrive, and those who do not will struggle to survive.
Earlier this month, I participated in a panel at the AGC IT Forum. The topic of the panel was “Who’s the Boss?” and was attended by over 300 people, the majority of whom were in IT roles at their companies. To kick-off the panel, we used live polling to gauge audience responses to a few questions, and honestly, if that is ALL we had done during the panel, it would have been worth it.
There’s a lot of talk about productivity when it comes to construction. Even people that aren’t in the industry are used to hearing about time delays and cost overages on major civil projects. But what they tend to miss are the early signs of change that indicate our industry has reached its tipping point.
Every day before sunrise, more than 500 workers put on their hard hats and work boots and head to the new Transbay Transit Center project in San Francisco to continue to build what will be a significant improvement to the city’s public transportation infrastructure. The Center will connect eight Bay Area counties and 11 transportation systems, and includes a rooftop park complete with trails, recreation space, and an amphitheatre.