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SmartPM Analysis: $6M Raised

What is SmartPM?

SmartPM is an automated construction project controls platform that integrates with existing CPM scheduling software. It aims to reduce costly delays, overruns, and disputes in commercial construction projects. The platform provides tools for managing risk, improving project performance, and controlling outcomes through data analysis.
Employees
51-200
Founded
2016
Industry
SaaS, Construction, Data Analytics
Valuation
$21.5M
Latest Funding Amount
$5,500,000
Latest Funding Round Size
$5.5M

Product Features & Capabilities

  • Automated Project Controls™
  • Executive Dashboard
  • Company Dashboard
  • Project Workspace
  • Web-Based Gantt Chart
  • Reporting

How much SmartPM raised

Funding Round - $5.5M

Recent

Other Considerations

Serves major clients like DesCor Builders and Barton Malow; Recognized for providing leading indicators for project management; Offers integration with Procore for enhanced workflow

Gtm Strategy

SmartPM employs a hybrid go-to-market (GTM) strategy that combines elements of both product-led growth (PLG) and sales-led approaches.

Upon analyzing SmartPM's website, several key aspects of their GTM strategy emerged. The homepage prominently features a "Request a Demo" option, indicating a focus on engaging potential customers through personalized interactions rather than solely relying on self-service signups. This suggests a sales-led approach, as it encourages direct communication with sales representatives.

However, the presence of educational resources, such as eGuides and case studies, points towards a product-led growth strategy. These resources are designed to empower users with knowledge about project controls, indicating an investment in self-service learning materials. Additionally, customer testimonials highlight the effectiveness of the software, suggesting that existing users can derive value independently, which is a hallmark of PLG.

The pricing page is transparent, providing clear information about costs, which is conducive to both small teams and larger enterprises. This dual focus on accessibility for smaller teams and structured sales processes for larger clients reflects a hybrid model.

Overall, SmartPM's strategy appears to optimize for both rapid user adoption through educational resources and high-touch relationships through demo requests, catering to a diverse customer base in the commercial construction sector.

Homepage Pricing

SmartPM offers tiered pricing with two main plans: **Essentials** at $10,000 annually for unlimited projects, and **Controls** at $24,000 annually for 5 control slots. The pricing is described as "smart, transparent," and includes a 60-day risk-free trial. Notably, both plans allow for unlimited users, and the Controls plan includes advanced features like complete project analytics and premium support. There are no free tiers mentioned.

Reported Clients

  1. DesCor Builders - Utilized SmartPM for data-driven decision-making to enhance schedule insights.
  2. Layton - Recognized SmartPM as an effective schedule analytics tool that simplifies project communication.
  3. Barton Malow Builders - Benefited from leading indicators provided by SmartPM for early project management adjustments.
  4. Zachry Construction Corporation - Emphasized the platform's ability to identify potential scheduling roadblocks early.
  5. Bell Construction - Experienced improved information sharing with owners, revealing previously unknown risks.
  6. MCP Group - Valued the clarity of project health and timelines displayed on SmartPM's dashboard.
  7. NGC Group - Noted the seamless integration of SmartPM with Procore, enhancing their existing processes.

Trade Show Presence

  1. Construction CPM Conference - January 19-22, 2025, in Philadelphia, PA.
  2. AI & Data Transformation in Construction - January 28, 2025, in Austin, TX.
  3. Builtworlds 2025 AI/ML Conference - February 5-6, 2025, in Atlanta, GA.
  4. AACE Region 3 Symposium - February 20, 2025, in Tampa, FL.
  5. Advancing Project Controls - February 24-26, 2025, in Houston, TX.
  6. Western Winter Workshop - March 6-9, 2025, in Carlsbad, CA.
  7. AGC Annual Convention - April 8-10, 2025, in Columbus, OH.
  8. Advancing Construction Analytics - April 14-16, 2025, in Phoenix, AZ.
  9. Project Control Summit - May 6-8, 2025, in Galveston, TX.
  10. ENR FutureTech - May 5-7, 2025, in San Francisco, CA.
  11. AACE International Conference & Expo - June 15-July 17, 2025, in Anaheim, CA.
  12. BuiltWorlds Construction Tech Conference - July 7-9, 2025, in Chicago, IL.
  13. CII Annual Conference - July 28-30, 2025, in Nashville, TN.
  14. Chem Petrochem & Refinery Shutdowns & Turnarounds - July 28-30, 2025, in Austin, TX.
  15. Advancing Construction Technology - August 25-27, 2025, in Chicago, IL.
  16. Autodesk University - September 16-18, 2025, in Nashville, TN.
  17. Bluebeam Unbound - September 30-October 2, 2025, in Washington, DC.
  18. Project Controls Expo - October 6-8, 2025, in Washington, DC.
  19. Procore Groundbreak - October 14-16, 2025, in Houston, TX.

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