PlanGrid
| Company type | Private (before acquisition) |
|---|---|
| Industry | Software, Construction technology |
| Founded | 2011 |
| Headquarters | San Francisco , United States |
Key people | Tracy Young (CEO) |
| Products | Construction productivity software |
| Parent | Autodesk (since 2018) |
PlanGrid is a software solution aimed at enhancing construction site productivity by digitizing blueprints and providing tools for version management, collaborative field annotations, progress image documentation, and issue monitoring.
History
Established in 2011 and based in San Francisco, California, PlanGrid supports mobile and Windows platforms, facilitating the storage, access, and sharing of construction plans.
The company's board has featured prominent individuals such as former Salesforce COO George Hu, Sequoia Capital Partner Doug Leone, and former Autodesk CEO Carol Bartz.
In December 2018, following a November announcement, Autodesk completed its acquisition of PlanGrid for $875 million.
PlanGrid's CEO, Tracy Young, earned recognition from Fast Company in 2015 as one of the "Most Creative People in Business."
Fundraising history
Initial funding for PlanGrid came from seed investors including Y Combinator, Sam Altman, Paul Buchheit, and 500 Startups.
The company closed an $18 million Series A round in May 2015, led by Sequoia Capital.
Later that year, in November 2015, PlanGrid secured $40 million through a Series B financing round spearheaded by Tenaya Capital to support product expansion.