Scopus Ventures also participated in the funding round.
Riskcast Solutions offers trades professionals a platform to enter all of their daily information including employee hours, production quantities, notes, daily logs, and delivery tickets.
The result is a system that relies less paper timecards and exhaustive spreadsheets. Instead, the platform provides foremen and superintendents with real-time data. Job-site supervisors can track costs, productivity and trends, while identifying wins and areas in need of improvement. Companies have been replacing timecards and daily logs for a few years, but Riskcast is the first startup to deliver a unified platform specifically designed for construction crews.
“Construction is seeing an explosion of tech right now but very few solutions are tackling issues that can increase productivity on day one,” Alec Thomson, Co-Founder and CEO of Riskcast, said in a statement. “Riskcast is designed to allow teams to get started simply, where they are today, and grow into full functionality, not only saving them paperwork and time but providing them real-time data and valuable production analytics.