Autodesk Invests $7 million in Start-up
Canadian construction software company Bridgit announced the close of a $7 million funding round led by Autodesk with participation from Salesforce Ventures, StandUp Ventures, Sands Capital, and Export Development Canada (EDC).
As part of the deal, Bridgit will integrate with solutions from Autodesk Construction Cloud, whose Construction IQ uses AI to evaluate safety and regulatory compliance — based on 150 million construction process observations.
The funding will be used for product development, research and development initiatives, and continued investment with different partners in the construction landscape. The Bridgit Bench workforce planning product is also preparing to grow its forecasting capabilities.
Bridgit was founded in 2013 by CEO Mallorie Brodie and COO Lauren Lake and integrates the data contractors and construction site managers need to understand current demand and plan for the future.