BOSTON —
(December 11, 2024) — Ediphi, the leading cloud-based preconstruction and estimating platform trusted by ENR Top 400 contractors, has closed a record-breaking year in 2024. With $12 million in Series A funding led by Norwest Ventures, the company expanded its paying customer base tenfold, grew its workforce significantly, and introduced multiple new product features that are redefining preconstruction and estimating.
The company’s paying customer roster now includes industry leaders Suffolk Technologies, DPR Construction, and Hensel Phelps, along with other ENR Top 400 members. This growth was powered by Ediphi’s goal to simplify and modernize preconstruction and estimating, making it easier for contractors to deliver accurate, efficient, and scalable cost analyses on even the most complex projects.
Advancing Construction Estimating for a Competitive Edge
The construction industry faces increasing pressure to deliver projects on time and within budget, especially as infrastructure and development demands continue to rise. Ediphi addresses these challenges head-on with its advanced cloud-based platform, empowering contractors to make faster, more informed decisions.
By integrating cost modeling, real-time reporting, and seamless compatibility with tools like “On-Screen Take Off,” Ediphi has become a critical resource for contractors managing high-stakes projects such as multi-billion-dollar data centers, healthcare facilities, and large-scale mixed-use developments. These innovations not only improve accuracy but also help companies reduce preconstruction costs and streamline workflows, setting a new standard for estimating efficiency.
“2024 has been a transformational year for Ediphi,” said Dustin DeVan, CEO of Ediphi. “From our product innovations to the incredible support of our customers and investors, we’re redefining what’s possible in preconstruction. We’re proud to empower our clients to tackle their project portfolios with precision and confidence.”
2024 Product Milestones
Ediphi delivered significant product advancements throughout the year, enhancing usability and increasing value for its customers. Key milestones include:
“Since transitioning to Ediphi from Sage Estimating, we have observed a significant improvement in our ability to generate estimates and utilize data for future construction projects,” said Brian Labossier, Senior Estimator at Wright-Ryan Construction. “This switch has saved us considerable time. Although we have only been customers for a short period, the more I use the software, the more impressed I am. The capability to customize our reports and create high-end proposals will undoubtedly benefit us in our future project pursuits.”
Tackling Projects of Any Scale
Ediphi’s cutting-edge solutions have become an essential tool for managing some of the construction industry’s most complex and high-stakes projects. From multi-billion-dollar data centers that underpin global digital infrastructure to sprawling healthcare facilities designed to save lives, Ediphi has proven its ability to handle the unique challenges of large-scale developments. Its adaptability has also made it a trusted partner for multi-family housing projects, ensuring cost-efficiency and scalability in a competitive market.
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About
About Ediphi
Ediphi is the most comprehensive cloud-based preconstruction and estimating software on the market. Contractors use Ediphi to streamline preconstruction workflows, enabling better decision-making and guiding clients to the right target value design. The platform leverages cloud infrastructure to ensure data accessibility across estimating, procurement, and risk management.To learn more, visit www.ediphi.com.
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