With labor shortages impacting construction and energy industries, managing workforces on and off jobsites is crucial. One jobsite intelligence platform, Eyrus, is helping teams do just that. With the help of its recent $12 million funding found, it plans to expand its market reach to help even more businesses.
Eyrus’ platform arms team leaders and stakeholders with comprehensive jobsite intelligence. The platform’s automation features aim to make it easy to collect and analyze a variety of workforce datapoints from attendance to timekeeping to safety and security, all in real time.
According to the company, Eyrus’ platform has saved construction companies more than 510,000 management hours and more than $180 million in project dollars since its founding in 2015.
“Companies in the construction and energy industries need to be able to navigate the current labor shortage by equipping their teams with the right level of insights on their workforce to increase efficiency,” said Kenneth Soll, vice president of Spring Mountain Capital, one of the investors involved in the Series A round. “Eyrus has developed the most comprehensive workforce visibility platform on the market, delivering solutions that save teams time, money and tremendous hassle by providing necessary visibility into projects and the people who make buildings and infrastructure come to life.”
The D.C.-based company plans to use the new funds to accelerate its growth, specifically in new market expansion and product development. According to its careers page, the company is currently hiring for a field marketing manager.
“It’s an exciting time as we expand the team at Eyrus. We’ve added positions in product, strategy, customer success, sales and marketing all in the past few months, with more being added rapidly,” Eyrus co-founder and COO Hussein Cholkamy told Built In in an email. “We are in an excellent position to extend our leadership in the market, continue innovating and, most importantly, help organizations maximize their workforce efficiency in a safe, employee-friendly manner.”
Additional investors in the round included Autodesk, Motley Fool Ventures and Fuel Venture Capital.