Latest from our portfolio companies Outschool, Duetto, Mattermost, Collective Health and Rhumbix closes an $8M round from Autodesk.

An enormous congratulations to Drew, Zach and the Rhumbix team. This month, Rhumbix closed an $8 million funding round led by the Autodesk Forge Fund.

Rhumbix is a mobile platform designed to help smaller construction companies manage and track data without using paperwork. Its Field Intelligence Platform allows on-site professionals to easily input things like hours worked, production tracking and field work orders. The data can be viewed immediately in the web app, giving stakeholders up-to-date data on factors driving productivity and production. According to company COO and cofounder Drew DeWalt, “select users are seeing a 5 to 10 percent improvement in labor productivity, which results in a 200 to 300 percent increase in profitability.”