Infrakit Announces Series A Investment to Expand the Infra Construction Platform into New Markets
Infrakit Group Oy announces it has raised a 10 MEUR Series A investment. The round was covered by Bachmaier Invest GmbH, an investment company of Thomas Bachmaier. Mr Bachmaier is a construction software industry veteran and founder of thinkproject, a global leader in construction intelligence.
Infrakit is a software company with the vision of more sustainable infra industry. By increasing efficiency and quality at jobsites the infra industry is able to reduce its CO2 emissions and avoid costly errors. Better cooperation and communication between different stakeholders involved results in more agile construction projects. That is why Infrakit has developed a unique end-to-end solution – a cloud platform – for digitalizing the infra industry. Construction companies and infra owners are able to prosper with an independent and open BIM platform that connects design and construction phases by offering real-time data from the construction site. People working in jobsites and for example truck drivers can use Infrakit field apps easily with different devices. Infrakit integrates heavy machinery control systems and surveying equipment from providers such as Leica Geosystems, Trimble, and Topcon. Infrakit’s customers include the most advanced construction companies and infrastructure owners in the world.
Infrakit will use the proceeds to boost its ecosystem development, accelerate international expansion and foster overall growth.
“Infrakit is the leading digitalization partner for infra industry. The revolution started in the Nordics, but this funding will bring about the next phase in company development: global expansion. We are excited to get Thomas Bachmaier, an industry pioneer, as an investor and Chair of the Board. This funding further strengthens our technology leader position.” -Teemu Kivimäki, CEO and Founder of Infrakit Group Oy
“Congratulations to the whole Infrakit team for having built something very special. It is an honor for me to be now part of the future Infrakit journey and I am looking forward to help growing the business to the next level”, says Thomas Bachmaier, Infrakit investor and Chairman of the Board of Directors.
Infrakit is a cloud service for infrastructure construction projects with a vision of a sustainable infra-industry. Infrakit offers real-time situation awareness and data flow to and from the construction site, shared by all project parties. Infrakit is an independent platform, integrating all brands of CAD systems, surveying equipment and heavy machinery control systems, which enables unprecedented real-time command and control of the site leading up to 20% savings in total project costs. The company has been helping its customers to digitalize their infra projects since 2010, with over 30 billion euros of infra-assets built with Infrakit in more than 2000 projects in 11 countries.
Teemu Kivimäki, CEO and Founder