Gutter, a provider of data infrastructure for the construction industry, has closed a $50m Series B funding round led by Tiger Global Management. The round also included participation from existing investors Accel, Operator Collective, and BoxGroup.
The funding will be used to accelerate Gutter’s growth, expand its product offerings, and hire new talent. The company plans to use its data infrastructure to help construction companies improve their operations, reduce costs, and make better decisions.
Gutter was founded in 2018 by Ben Hindman and Michael O’Donnell. The company is headquartered in San Francisco, California, and has offices in New York City and Denver.
What does this mean for you?
If you are a construction company, Gutter’s data infrastructure can help you to improve your operations in a number of ways. The company’s data can help you to:
- Track the progress of your projects
- Identify potential risks
- Reduce costs
- Make better decisions
Gutter’s data infrastructure is also a valuable tool for investors and developers. The company’s data can help you to identify emerging trends, assess the risk of investment, and make better decisions about where to build.
Conclusion
Gutter’s Series B funding is a significant milestone for the company. The funding will help Gutter to accelerate its growth and expand its reach to new markets. The company’s data infrastructure is a valuable tool for construction companies, investors, and developers. If you are looking to improve your operations, reduce costs, or make better decisions, Gutter is a company to watch.
Here are some additional details about the funding round: - The round was oversubscribed, with a number of other investors expressing interest.
- The company’s valuation has not been disclosed, but it is likely to be in the hundreds of millions of dollars.
- Gutter plans to use the funding to hire new talent, expand its product offerings, and enter new markets.
