Ediphi is a technology company.
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Ediphi has raised $14.0M across 2 funding rounds.
Ediphi has raised $14.0M in total across 2 funding rounds.
Ediphi is a technology company that builds comprehensive cloud-based preconstruction and estimating software for the construction industry.[1][2][3][5] Contractors use the platform to streamline preconstruction workflows—from estimating and procurement to risk management—enabling better decision-making, reduced non-recoverable costs, and faster project timelines by leveraging cloud infrastructure for data accessibility and historical cost data.[1][2][3][5] It serves general contractors and estimators at firms like DPR Construction, Hensel Phelps, and Wright-Ryan Construction, solving the industry's reliance on manual spreadsheets or siloed on-premise tools that hinder efficiency in an era of abundant project data.[3][5] Growth momentum includes pilots turning into enterprise adoptions, such as DPR's transition in April 2024, and reported ROI boosts like a 1,900% return with $20 million increased revenue per estimator at one firm.[3][5]
Ediphi was established in 2023 and is headquartered in Massachusetts (with some sources noting San Francisco ties), starting with 51-100 employees as a technology specialist in estimating.[1][2] Founder Dustin DeVan launched the company to modernize preconstruction estimating, which lags behind cloud transformations in other construction phases—three-quarters of estimators still use manual spreadsheets or on-premise software despite varying regional costs.[3] DeVan addressed siloed systems by creating a unified cloud platform with proprietary estimation tools, data sheets, unit mixes, and configurability for projects from rough geometry to detailed bids.[3] Early traction came via pilots, including with DPR Construction, leading to full adoption for workflow streamlining and data quality improvements.[3]
Ediphi rides the contech wave digitizing construction, where cloud computing has revolutionized management and design but left preconstruction estimating manual and siloed amid rising data abundance.[3] Timing aligns with 2024 funding for cloud-based estimating amid labor shortages, cost pressures, and demands for speed—reducing ideation-to-groundbreaking time while serving end customers better.[2][3] Market forces like regional cost variability and custom in-house tools favor its unified, scalable approach, influencing the ecosystem by enabling enterprise transitions (e.g., DPR) and aggregating data for smarter decisions, potentially accelerating industry-wide cloud adoption.[3]
Ediphi is positioned to dominate cloud preconstruction estimating as contech matures, with enterprise pilots scaling to national rollouts and integrations expanding via APIs.[3][5] Trends like AI-driven cost forecasting, real-time collaboration, and sustainability tracking will shape its evolution, amplifying ROI as firms chase efficiency in volatile markets. Its influence may grow by setting standards for data-centralized workflows, empowering estimators to guide "right target value design" and transforming how the built world is planned—streamlining from ideation to execution in a cloud-first era.[1][3][5]
Ediphi has raised $14.0M in total across 2 funding rounds.
Ediphi's investors include Draper Associates, Navitas Capital, Pillar VC, Incisive Ventures, Insight Partners, Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners.
Ediphi has raised $14.0M across 2 funding rounds. Most recently, it raised $2.0M Series A in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $2.0M Series A | Draper Associates, Navitas Capital, Pillar VC | |
| Mar 1, 2024 | $12.0M Series A | Incisive Ventures, Insight Partners, Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners |