SymTerra, a communications platform for the construction project supply chain, has closed its first seed round at $1.7m, led by Samaipata, with participation from Nemetschek, Pi Labs and Accel.
The ‘Slack for construction’ platform is designed to eliminate construction uncertainty through its communication, collaboration and visibility tool. Over 30% of construction costs are directly related to re-work and delays, as a result of miscommunication on site – this contributes to the sector’s $280 billion re-work issue.
