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Venture Capital News: ManufactOn Secures Investment

2016-11-18
SAN FRANCISCO, CA, ManufactOn secures investment from Brick & Mortar Ventures.
'ManufactOn has been working with innovative general contractors and subcontractors to create a collaborative, cloud/mobile software for prefabrication supply chain and production management,' said Raghi Iyengar, Founder & CEO. 'We are pleased to have secured additional investment to accelerate our product development and build on our existing charter customer program to work with more leading general contractors and trade subcontractors.'

Darren Bechtel's Brick & Mortar Ventures led the financing with participation from other investors from the building construction industry. 'The world of construction is moving away from its traditional stick-build, in-place processes, and is slowly but surely adopting a new status quo in which construction replicates modern day precision manufacturing, with real estate-scale building components and subassemblies fabricated in offsite, controlled environments and shipped for just-in-time arrival and installation,' explained Darren Bechtel. 'ManufactOn is positioned to be the one-stop-shop solution for managing the manufacturing, and tracking, of prefabricated building components throughout their entire lifecycle, from raw materials to final installation.'

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A Connect-Homes delivery and assembly takes a fraction of the time needed for traditional on-site home construction. ManufactOn's cloud-based solution allows any builder to leverage the efficiencies of manufacturing, and keep their customers updated in real-time.
A Connect-Homes delivery and assembly takes a fraction of the time needed for traditional on-site home construction. ManufactOn's cloud-based solution allows any builder to leverage the efficiencies of manufacturing, and keep their customers updated in real-time.
An example of The Beck Group's prefabricated hospital bathrooms, which is traditionally the scope that requires the most rework on hospital construction projects.
An example of The Beck Group's prefabricated hospital bathrooms, which is traditionally the scope that requires the most rework on hospital construction projects.
ManufactOn helps builders bring the best of manufacturing to construction.
ManufactOn helps builders bring the best of manufacturing to construction.

A Connect-Homes delivery and assembly takes a fraction of the time needed for traditional on-site home construction. ManufactOn's cloud-based solution allows any builder to leverage the efficiencies of manufacturing, and keep their customers updated in real-time.An example of The Beck Group's prefabricated hospital bathrooms, which is traditionally the scope that requires the most rework on hospital construction projects.ManufactOn helps builders bring the best of manufacturing to construction.
'ManufactOn provides a 21st century cloud/mobile platform for coordinating prefabrication production,' said Andy Deschenes, Director of Innovation at Consigli Construction, one of the larger building contractors in the country based out of Milford, MA. 'As a Construction Manager, Consigli is looking to standardize around ManufactOn for managing our prefab subcontractor supply chain.'

'We had been struggling to provide visibility into our production 'black box' to our project coordinators and field superintendents,' said Brian Potter, President and CEO of TG Gallagher, a large mechanical subcontractor in Cambridge, MA. 'In addition to helping our shop foremen organize production, the mobile app from ManufactOn is used by our field and office teams to know exactly what has been produced and where it is right now.'

'ManufactOn provides a powerful platform that allows our entire team to manage and track the supply chain from material purchasing to production, and all the way through delivery to the jobsite,' said Matthew Englert, Vice President of Mission Critical at Rosendin Electric. 'We anticipate ManufactOn will play a critical role in accomplishing Rosendin's mandate to grow the amount of prefabrication delivered throughout the organization.'
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