In The News: Eyrus Receives $12 Million In Series A Funding
February 16, 2022
It’s going to be a big year for Eyrus. We’re happy to announce that we’ve received $12 million in Series A funding. This means the door is wide open for even bigger opportunities in the near future!
This was the right time to raise capital in order to drive our initiative forward with the speed and scale expected from an industry leader like Eyrus.
The round was led by Spring Mountain Capital. A new strategic investor, Autodesk, joined existing investors from our seed round, Motley Fool Ventures and Fuel Venture Capital. As a company with a clear vision, we made it a point to select investors who understand and believe in our initiatives, vision, and ability to execute.
Moving forward, we will use Series A funds to accelerate growth as we enter new market segments and geographies. Not only will we be hiring top talent to join the Eyrus team, you’ll also see us strengthening our existing partnerships in the Asia-Pacific region, the European Union, the UK and the Middle East, which is incredibly exciting. We’ll have dedicated resources helping us advance our customer-focused product development and enhancing user experience across the entire Eyrus Platform.
At this stage of the company’s lifecycle, it seems like a great time to share some impressive metrics:
Since we were founded in 2015, we’ve been able to provide value to over $220 billion worth of construction projects around the globe.
We have saved companies more than 510,000 management hours with our automated data collection.
We’ve also saved them more than $180M in project dollars.
And in 2021, we grew 300% in another banner year for the company.
In closing, we’ll leave you with a few words from COO and co-founder, Hussein Cholkamy – “With the right people in place and the support of our investors, we are in an excellent position to extend our leadership in the market, continue innovating, and, most importantly, help organizations maximize their workforce efficiency in a safe, employee-friendly manner.”
Here we go!
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