A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – FIELD FORCE AUTOMATION
- Vymo, offers a cloud platform to convert manual operations and decision making into rule-based algorithms for lead management, activity planning, and geo localytics, raises $5M in Series A funding from Sequoia India. Link
- Rhumbix, uses GPS, passive data from site and customer defined geofences to create records of job-hours worked on projects, raises $6M in Series A round led by Greylock Partners. Link
- simPRO, Job Management Software is developed to manage the workflow of trade contractors and provide project and service job management, closed $31M in a growth funding round. Link
SOME INTERESTING STARTUPS FOUND
Behold (2013, Waterloo) – Provides hardware and cellular, plug n play platform for integrated building maintenance automation. Uses diagnostics, energy consumption data and analytics to provide HVAC contractors and property managers real-time visibility and control of building systems.
LEADER BOARD – FIELD FORCE AUTOMATION
Maintenance Services Management
Astea (1979, Horsham, IPO) – Provides applications for lead generation, project quotation, service and billing, and asset retirement services for specific businesses requirements like campaigns, depot repair, field service, logistics, projects, field sales. It also offers infrastructure tools and services, went Public in 1995.
ServiceMax (2007, Pleasanton, $202M) – A complete on-demand field service cloud-based solution built on the Salesforce1 platform, to manage post-sales service, field service supply chain. Backed by Salesforce, Mayfield, Emergence Capital, Trinity Ventures, Meritech Capital, Crosslink Capital, Adams Street Partners, Questmark Partners, Cross Creek Capital, Cross Creek Advisors, PTC, GE Ventures, Cloud Apps Capital.
Home Services Management
ServiceTitan (2012, Glendale, $18M) – Provides service and sales management software for services businesses. includes CRM, scheduling, dispatch, reporting, marketing management tools, mobile connectivity for field techs, GPS, Quickbooks integration and more. Backed by BVP, Mucker Capital, I2BF Digital, and AMENALAV Group.
Construction
Procore Technologies (2003, Carpinteria, $101M) – SaaS based tool for construction project management, provides a mobile app for bidding, document management, budgeting, creating RFIs and managing contracts. Backed by Iconic Capital and Bessemer Venture Partners.
Field Data Collection
ProntoForms (2001, Ottawa, $15M, IPO) – Platform for field personnel to help in data collection, surveys, inspections with features for customization, work orders etc. Backed by Jefferson Partners, BDC Capital, Skypoint Capital Corp and others. Went Public on Canadian Venture Exchange in 2005.
Collaboration – Smart Glass
APX Labs (2010, Herndon, $29M) – Provides software platform Skylight SDK that companies use to create smart glasses applications.Used to sell optical wearable technologies to the military for applications ranging from connecting soldiers to unmanned aerial vehicles for medics in the field; before it focused on industrial applications. Backed by Salesforce, GE Ventures, NextGen Angels.
Atheer (2011, Mountain View, $28M) – Helps use their Augmented Interactive Reality (AIR) technology to enable interaction between humans. Primarily focused on increasing productivity in industries by overlaying digital information in workers visual space and thus enabling gesture based interaction. Focussed on field services, healthcare, oil & gas and warehousing industries. Backed by Mindful Ventures, Signature Capital, Flextronics Lab IX.
Collaboration – Images and Video
Librestream (2003, Winnipeg, $12M) – Provides on-site video collaboration solutions to service businesses. Provides features for sharing audio and video, circling and marking areas that need attention, adjusting lighting, and capturing still images and more. Backed by Emerald Technology Ventures, BDC and GrowthWorks Ventures.
Oil & Gas Field Services
LiquidFrameworks (2001, Houston, $5M) – Provides field management solutions for energy and environmental industry, streamlining processes between operations, field personnel, and accounting reducing DSO (Days Sales Outstanding). Features include sales quotes, equipment and personnel tracking, scheduling and dispatching, service tickets, domain specific functionality for oilfield, industrial and environmental operator and services companies. Backed by Houston Ventures.
Services Marketplace
FieldNation (2008, Minneapolis, $30M) – It is an online platform for connecting businesses and workers. A Self-service web portal is used to find, manage and pay workers for any specific job on demand. Gives businesses a dashboard to see and track the progress of the project and communicate with workers while workers can find work, receive and track work details and receive payments. Backed by Susquehanna Growth Equity.
Gigwalk (2010, SF, $18M) – Provides crowdsourced field data collection web-based platform and an app for field workforce management and data collection for enterprises. Backed by Nokia Growth Partners, Greylock, August Capital, Soft Tech Ventures and Harrison Metal.
Sales Force Management -> Sales Enablement
Clari (2012, Mountain View, $26M) – Mobile app for sales personnel which enables sales managers and sales reps to view deal progress in real-time along with predictive analytics. Backed by Sequoia, Bain Capital, NorthGate Capital.
Sales Force Management -> Order Management
HandShake (2010, NYC, $23.5M) – Sales order management platform that lets sales team create and receive orders, present their catalog, manage their customers and streamline their order fulfillment process on the iPad, iPhone, and web. Backed by SoftTech VC, Point Nine, Emergence Capital Partners and others.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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