Wrench is a technology company.
Wrench has raised $33.0M across 3 funding rounds.
Wrench has raised $33.0M in total across 3 funding rounds.
Wrench has raised $33.0M in total across 3 funding rounds.
Wrench's investors include Alumni Ventures, Anderson Angels, Bascom Ventures, DBL Partners, Early Light Ventures, Energy Impact Partners, Family Office, G2VP, Modern Venture Partners, O'Reilly AlphaTech Ventures, Parkway VC, Pioneer Fund.
Wrench Solutions is a Bangalore-based technology company specializing in project management software for the construction and engineering sectors. It builds SmartProject, a cloud-based, end-to-end platform that manages the full project lifecycle—including engineering, procurement, and construction—serving EPC (Engineering, Procurement, and Construction) firms worldwide to address delays and cost overruns from manual processes.[1]
The platform powers over 9,000 projects across 25 countries, with customers including major players like CH2M Habtoor Leighton, Atkins, Tata Group, ENOC, and TOYO. Originally rooted in manufacturing digitization, Wrench pivoted to energy and construction, demonstrating strong growth through international expansion in the Middle East and Asia.[1]
Wrench Solutions was founded in 1994 in Bangalore, India, by mechanical engineers Varghese Daniel and Aju Peter, fresh out of college. They identified inefficiencies in manufacturing design processes—limited at the time to basic tools like CAD and email—and built custom collaborative data processing software, securing early sales to Kennametal Widia and MICO BOSCH, plus government funding from India.[1]
In 2005, recognizing similar issues in the energy sector's manual project management leading to delays and overruns, they applied their manufacturing expertise to develop solutions for engineering and construction. This culminated in 2015 with the launch of SmartProject, the world's first integrated cloud platform for construction projects, marking a pivotal shift and fueling global adoption.[1]
Wrench rides the wave of construction digitization and Industry 4.0, where EPC projects increasingly demand cloud-native tools to combat chronic overruns—estimated at 80% of large projects globally. Timing aligns with post-pandemic infrastructure booms and AI/ML integration for predictive project management, amplified by market forces like sustainability mandates and supply chain disruptions favoring integrated platforms.[1]
By enabling firms like Tata and Atkins to scale efficiently, Wrench influences the ecosystem through widespread adoption, setting standards for cloud EPC software and accelerating digital transformation in traditionally analog industries like energy and infrastructure.[1]
Wrench is poised for expansion as global infrastructure spending surges—think green energy transitions and megaprojects in Asia/Middle East—bolstered by SmartProject's entrenched base. Upcoming trends like AI-driven risk analytics and IoT sensor integration will enhance its platform, potentially capturing more market share from legacy systems.[1]
Its influence may evolve toward full-suite enterprise solutions, solidifying Wrench as a leader in construction tech. From humble 1994 origins fixing manufacturing woes, Wrench proves timely digitization unlocks enduring scale in project-heavy sectors.[1]
Wrench has raised $33.0M across 3 funding rounds. Most recently, it raised $20.0M Series C in November 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2019 | $20.0M Series C | Alumni Ventures, Anderson Angels, Bascom Ventures, DBL Partners, Early Light Ventures, Energy Impact Partners, Family Office, G2VP, Modern Venture Partners, O'Reilly AlphaTech Ventures, Parkway VC, Pioneer Fund, Qualcomm Ventures, Root Ventures, Sequoia Capital, SOSV, Spero Ventures, Tenaya Capital, The Hit Forge, Alain Hanover, Daren Cotter, David Yaffe, Jaffray Woodriff, Naveen Jain, Rudy Gadre | |
| Sep 1, 2018 | $12.0M Series B | Alumni Ventures, Bascom Ventures, Modern Venture Partners, Parkway VC, Tenaya Capital, Rudy Gadre | |
| Jun 1, 2016 | $1.0M Seed | Elementum Ventures, Geekdom Fund, Pioneer Square Labs, Techstars, Wisemont Capital |