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Newforma is a technology company.
Newforma provides information management and collaboration software for the Architecture, Engineering, Construction, and Owner/Operator (AECO) industry. Its core offering streamlines communication, simplifies administration, and enables real-time collaboration throughout project lifecycles, driving better outcomes. The company pioneered Project Information Management (PIM), now integrating with Building Information Modelling (BIM) for advanced cloud solutions.
Established in 2004, Newforma was founded to enhance project delivery within AECO. The original insight identified a critical need for a centralized platform to manage complex project information efficiently. While founder names are not detailed, its inception addressed fragmented data and inefficient workflows, establishing the PIM software category.
Newforma serves AECO firms globally, empowering them with technology to improve project outcomes. Its products are integral to thousands of firm operations. The company's vision focuses on continuous development of integrated cloud platforms, like Newforma Konekt, to advance digital collaboration and information management, keeping clients at the forefront.
Newforma has raised $30.1M across 5 funding rounds.
Newforma has raised $30.1M in total across 5 funding rounds.
Newforma is a technology company that builds project information management (PIM) and collaboration software for the Architecture, Engineering, Construction, and Owner/Operator (AECO) industry.[1][2][3] Its flagship platforms, including Newforma Konekt and Newforma Project Center, centralize emails, files, tasks, conversations, RFIs, submittals, and BIM coordination into a unified, searchable system—available in cloud-hosted or on-premises formats—to streamline communication, reduce manual work, and improve project outcomes from design through handover.[2][3][5][7] Serving AECO firms like architects, engineers, general contractors, and owners, Newforma solves fragmented information silos that cause delays, errors, budget overruns, and legal risks, with over 4.3 million users across 16+ million projects worldwide.[2][3][5] Recent growth includes the June 2025 launch of Info Track, a cloud-native module for real-time tasking, deep search, and mobile collaboration.[3]
As a private subsidiary of Ethos Capital LP since at least 2023, with 51-200 employees and headquarters in Boston, MA, Newforma demonstrates strong momentum through G2 recognitions, customer testimonials citing 40-50% efficiency gains, and expansions in BIM coordination and analytics.[1][2][5]
Founded in 2003 and headquartered at 225 Franklin St, Boston, MA, Newforma emerged to address inefficiencies in AECO project communication and data management.[1][3] While specific founders are not detailed in available sources, the company has operated for over 20 years, evolving from core PIM tools to comprehensive platforms supporting 2D, BIM, and 3D workflows—both on-premises and cloud-based.[3][4][5] Pivotal moments include scaling to serve 16.3+ million projects globally and the 2025 Info Track launch, which builds on Newforma Konekt to tackle modern distributed teams.[3] Acquired by Ethos Capital LP, a firm focused on software investments, Newforma gained resources to accelerate cloud innovations while maintaining its legacy server-based offerings.[1]
Internal initiatives like the Newforma Leadership Council for Women (NLCW), founded in 2018, highlight a commitment to culture, fostering leadership amid growth.[4]
Newforma stands out in AECO software through human-centered design emphasizing connected collaboration and comprehensive project visibility. Key strengths include:
These elements prioritize speed, security, stability, and risk reduction over generic file-sharing.[5]
Newforma rides the digital transformation wave in construction, where BIM adoption, cloud PIM, and AI-driven coordination address a $10+ trillion industry plagued by 30%+ productivity gaps from poor communication.[3][4][6] Timing aligns with post-pandemic remote work, regulatory demands for auditable records, and market forces like labor shortages and sustainability mandates favoring efficient tech.[5] By enabling knowledge transfer across project lifecycles, Newforma influences the ecosystem—empowering 4M+ users to cut costs ($1K-$3K per project) and delays, while supporting infrastructure booms in geospatial analytics and smart cities.[1][2][5] As a subsidiary of Ethos Capital, it bridges legacy AECO firms with modern SaaS, accelerating sector-wide shifts from email chaos to unified platforms.[1][8]
Newforma's trajectory points to expanded cloud dominance via Konekt/Info Track, with AI-enhanced search, predictive analytics, and deeper BIM integrations to capture more general contractor and owner markets.[3][5][7] Trends like modular construction, digital twins, and ESG reporting will amplify demand for its PIM strengths, potentially doubling user scale amid AECO's tech spend surge. Its influence may evolve from niche collaborator to ecosystem orchestrator, as Ethos-backed R&D targets global expansion—solidifying its role in delivering on-time, on-budget projects that shape human environments.[1][3][4] This positions Newforma as a quiet powerhouse in construction's tech renaissance, empowering teams to focus on innovation over administration.
Newforma has raised $30.1M in total across 5 funding rounds.
Newforma's investors include Borealis Ventures, Kodiak Venture Partners, Richard D'Amore, Building Ventures.
Newforma has raised $30.1M across 5 funding rounds. Most recently, it raised $5.1M Series D in August 2013.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 19, 2013 | $5.1M Series D | Borealis Ventures, Kodiak Venture Partners, Richard D'Amore | |
| May 1, 2013 | $5.0M Series D | Building Ventures | |
| Sep 1, 2008 | $4.0M Series C | Building Ventures | |
| Apr 1, 2007 | $8.0M Series C | Building Ventures | |
| Sep 1, 2005 | $8.0M Series B | Building Ventures |