PlanGrid, the company that digitized the construction industry, announced today that it has landed a $40 million in Series B Funding. Tenaya Capital led the round. Additional investors include Sequoia, Founders Fund, YC Continuity and Northgate. Today’s investment brings the total to over $58 million.
PlanGrid is a construction software designed for the field. The platform providing real-time updates and seamless file synching over Wi-Fi and cellular networks. PlanGrid replaces paper blueprints, brings the benefits of version control to field workers, and is a collaborative platform for sharing construction information like field markups, progress photos and issues tracking.