Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Brick City Startup Riskcast Solutions Provides 'Software for Hardhats'

Riskcast Solutions Closes $600k Pre-Seed Round to Improve Job Site Productivity and Save Millions for Construction Companies


News provided by

Riskcast Solutions

Oct 03, 2019, 07:00 ET

Share this article

Share toX

Share this article

Share toX


NEWARK, N.J., Oct. 3, 2019 /PRNewswire-PRWeb/ -- Riskcast Solutions, a tech startup aimed at increasing productivity and eliminating outdated paper-based processes for the construction industry, today announced the closing of its $600k pre-seed round, led by Newark Venture Partners, with participation from Scopus Ventures.

Riskcast Solutions offers tradesmen and women a single easy to use platform to quickly and easily enter all of their daily information including, man hours, production quantities, notes, daily logs, delivery tickets, etc. The result is a system that relies less on 20th century tools like paper timecards, and exhaustive spreadsheets, and instead, provides foremen and superintendents with real-time data. Job-site leadership is now able to track costs, productivity, and trends, while identifying wins and areas in need of improvement on an ongoing and immediate basis. Companies have been replacing timecards and daily logs for a few years, but Riskcast is the first tech startup to deliver a unified platform specifically designed for construction crews.

"Riskcast is designed to allow teams to get started simply, where they are today, and grow into full functionality, not only saving them paperwork and time but providing them real-time data and valuable production analytics."

Post this

"Construction is seeing an explosion of tech right now but very few solutions are tackling issues that can increase productivity on day one." said Alec Thomson, Co-Founder and CEO of Riskcast. "Riskcast is designed to allow teams to get started simply, where they are today, and grow into full functionality, not only saving them paperwork and time but providing them real-time data and valuable production analytics.

Riskcast Solutions has multiple customers and several enterprise level partnerships, including E-J Electric which already runs the startup on most of their projects across the greater New York area and plans to complete the rollout this year thereby managing all 900 of their field crews on the single platform.

"The value of Riskcast isn't just one thing, it's so many things. It's a timesaver across multiple departments. It's a live view for project managers and management into the health of their project. And it provides us the ability to review our production to bid and build better moving forward," said Tony Mann, President & CEO of E-J Electric.

E-J Electric first piloted Riskcast on two projects to test the system in 2018, resulting in an immediate cost savings of over $3,000 per month. E-J estimates the full value of Riskcast post implementation to be in excess of seven figures.

"The construction industry is known for being notoriously old fashion, which also makes it perfectly ripe for disruption," said Thomas Wisniewski, Managing Partner of NVP. "Riskcast's platform is a job site manager's dream, making any project easier to track, more efficient and less expensive. It would be tough for even the most old-school of operations managers to say no to that."

The Riskcast team recently completed NVP Labs, the Newark Venture Partners accelerator program, and subsequently designated their Newark, NJ space their office headquarters. The funds raised will be used for sales, marketing and to augment development, as well as to support the growing team. The newest addition to the staff is Andrew Morgan, a New Jersey native who was introduced to Riskcast during his internship as a business development representative for NVP Labs's last cohort.

Co-Founders Reggie Arichabala and Alec Thomson are both 20 plus year veterans of the industry. Arichabala worked for Skanska as a cost engineer, an IT integration specialist, and then the Principle Solutions Architect at the $4B LaGuardia Airport project. Thomson began as a field engineer and moved into a regional office before coming to work on a business strategy team for Skanska in their corporate office.

About RiskCast:
Riskcast is a productivity and forecasting tool for the construction industry. We provide a way for project managers to track labor, material and equipment, without the need to maintain multiple fancy spreadsheets. Our mission is to enable the construction industry by unleashing the power of data to reduce risk in all areas of performance while putting project teams first in all that we do. Simply we are software for hardhats. For more information visit Riskcast.com

About Newark Venture Partners
Newark Venture Partners is a leading early stage venture capital firm with a Limited Partner base that includes top corporate investors Audible (an Amazon Company), Dun & Bradstreet, Fidelco Realty Group, Horizon Blue Cross Blue Shield, Panasonic Corporation of North America, Prudential Financial, RWJBarnabas, TD Bank, and the New Jersey Economic Development Authority. Our full time sales, strategy and development teams help innovative entrepreneurs build distinctive B2B technology companies while catalyzing growth in the City of Newark. Newark Venture Partners includes a direct investment arm, investing up to $1 million in Seed and Series A companies, and our bridge-to-seed accelerator arm, NVP Labs, which invests in up to 10 companies twice a year. For more information visit Newark.VC

About Scopus Ventures
Scopus Ventures is an International early stage venture capital firm with headquarter in Los Angeles, California.

We primarily focus on early stage companies and build a scalable organization around their disruptive technologies. We immerse them into the market as soon as possible working side-by-side with the founding teams to build the companies from the ground up. It is the fastest way to build the momentum needed for exponential growth.

The fund mainly invests in companies utilizing technologies such as AI, machine learning and VR which are driving significant change in the way corporations are doing business these days. The industries in focus are Enterprise automation, SaaS, Consumer enabling technologies, Mobile, Financial Tech and Cyber-Security.

Scopus Ventures web site: http://www.scopusventures.com

SOURCE Riskcast Solutions

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.