Autodesk Forge Fund Invests in Rhumbix
Emily Pollock posted on August 15, 2018 |
A sample screen from Rhumbix. The software company recently received an undisclosed investment from the Autodesk Forge Fund. (Image courtesy of Rhumbix.)
Productivity-tracking platform Rhumbix recently closed an $8 million funding round, led by the Autodesk Forge Fund. It’s the fund’s sixth such investment in the last year, as it continues its mission to unite designers and engineers under the Autodesk umbrella.
Rhumbix is a mobile platform designed to help smaller construction companies manage and track data without using paperwork. Its Field Intelligence Platform allows on-site professionals to easily input things like hours worked, production tracking and field work orders. The data can be viewed immediately in the web app, giving stakeholders up-to-date data on factors driving productivity and production. According to company COO and cofounder Drew DeWalt, “select users are seeing a 5 to 10 percent improvement in labor productivity, which results in a 200 to 300 percent increase in profitability.”
The collaboration is the result of Autodesk Forge, a developer cloud platform that lets customers create their own scalable solutions to manage engineering, construction and manufacturing companies. To that end, Forge is investing in companies to get them connected to the Forge platform, which provides customers with greater choice in the software they use. According…