CalcTree joins Suffolk Technologies Boost Program
CalcTree is one of seven contech startups selected from over 185 applicants to participate in Suffolk Technologies contech-focused Boost Program.
About the Boost program
BOOST is an intense six-week startup accelerator that connects technology startups in the built world with and academics. Program partners include Autodesk, Procore, Moog Construction and more.
“By leveraging Suffolk’s tremendous resources and national platform and partnering with innovative startups through the BOOST program, we are identifying the forward-thinking leaders, organizations and solutions that will unlock our industry’s potential and eventually help us redefine the built world.”
- Parker Mundt, Vice President of Platform for Suffolk Technologies
About Suffolk Technologies
Suffolk Technologies is the venture investment affiliate of Suffolk Construction, ranked #23 on the Engineering News Record list of “Top 400 Contractors", with $4.5 billion in annual revenue and 2,400 employees.
Coverage from BusinessWire
“The construction industry today is faced with a unique set of challenges in response to current economic conditions. Among increasing project complexities and a growing urgency for sustainable development, owners and contractors are confronting labor shortages, materials cost escalation and supply chain disruptions. These significant challenges are directly impacting project outcomes, as a recent survey commissioned by Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, found 75 percent of construction projects are over budget and 77 percent are behind schedule.
Recognizing the immediate need to leverage digital solutions to address labor, supply chain, design, sustainability and automation goals, three years ago Suffolk Technologies, the venture investment affiliate of Suffolk, created its BOOST program.”
Read more about the announcement from BusinessWire here.
What this means for CalcTree
Participation in the Boost program for CalcTree means:
➼ A positive signal to market from a known brand not only piloting but also investing in CalcTree
➼ Support and networks to help get to product/market fit quicker in our primary target market (U.S.)
➼ Greater credibility when approaching VCs for additional funding in 2023. More on our fundraising plans here
What is CalcTree, we hear you say?
We're a venture-backed ConstructionTech startup, soon to launch the world's first multi-disciplinary calculation management platform. We help you ensure data, designs, and calculations are always in sync. We are freeing you to spend more time creating innovative, sustainable, and modern designs.
To learn more, join our waitlist and Slack community today!