EVOLVE has secured a new round of funding which will accelerate EVOLVE's ability to bring the MEP trades new value for VDC teams, including significantly enhanced ease-of-use and new function for modeling in Revit, new RFA and ITM content, modern cross-department spooling methods, and more.
ATLANTA, Aug. 28, 2024 /PRNewswire/ -- EVOLVE successfully raised more than six million dollars in a growth capital round that will be used to invest further in solutions for virtual design and construction teams in the MEP trades. This funding will accelerate EVOLVE's ability to bring the MEP trades new value for VDC teams, including significantly enhanced ease-of-use and new function for modeling in Revit, new RFA and ITM content and methods to manage content, modern cross-department spooling methods, and much more. Look for meaningful new value releases for VDC teams soon from EVOLVE's world-class product and development team. As part of its From Industry For Industry campaign, EVOLVE will also invest in additional client-facing product research and technical consulting talent, bringing experts from industry to work directly with clients on their hardest digital workflow questions and help EVOLVE's product team hone its tactical roadmap.
This growth funding round and the product initiatives are led by EVOLVE's new President – Richard Burroughs IV. Burroughs previously served as the CFO for EVOLVE. "I am grateful for our clients, our investors, and our incredible staff. I intend to serve all of you with transparency and urgency," remarked Burroughs. "EVOLVE's crux focus today is to enhance ease of use and execution speed of modeling, detailing, and prefabrication deliverable tools. Growth in prefabrication has increased required VDC hours per project, and we will provide new ways for our customers to meet these demands and the tight schedules they face."
EVOLVE's leadership team will be traveling across the country to discuss these product initiatives, including exciting new vision for creating value for VDC leaders, and to seek the input of our clients. We will see you on the road: EVOLVE is excited to continue working with the MEP industry to provide the tools needed to turn construction into continuous improvement.
Media Contact
Marina Lucier, EVOLVE, 6502700160, [email protected], https://www.evolvemep.com/
SOURCE EVOLVE
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