Ediphi Secures $6.5M in Seed Funding to Revolutionize Preconstruction with Cloud-Based Estimating Solution

Ediphi, the cutting-edge cloud-based preconstruction solution, has successfully raised $6.5 million in seed funding from Suffolk Technologies. Led by CEO Dustin DeVan and CTO Michael Navarro, Ediphi is set to transform the construction industry with its innovative platform.

The funding injection will be instrumental in advancing the platform’s capabilities, expanding business operations, and bolstering the team. Ediphi’s cloud-based platform streamlines preconstruction workflows, allowing contractors to initiate projects by pricing initial concepts. This collaborative tool facilitates early engagement between design teams and contractors, enabling the assessment of evolving designs, proposing value engineering options, and transitioning seamlessly to detailed cost estimates.

Having already proven its efficacy on thousands of projects and managing tens of billions in construction volume, Ediphi empowers estimators to centralize cost estimate data in the cloud, drive conceptual and detailed cost estimates, and connect preconstruction workflows in a unified location. The platform facilitates faster preconstruction processes, giving contractors a competitive edge in securing more profitable projects.

Dustin DeVan, Ediphi’s CEO and co-founder, brings valuable experience to the venture, having previously founded BuildingConnected—a preconstruction platform that garnered significant success and was eventually acquired by Autodesk for $275 million. Ediphi’s latest funding milestone underscores the industry’s recognition of its transformative potential in reshaping preconstruction practices.