The round was led by Norwest Venture Partners. The financing will be used to expand its team, invest in product innovation through research and development, and grow its market share within the industry.

Ediphi is the most advanced cloud-based estimating software on the market. Contractors use our platform to streamline preconstruction and empower better decision making, ensuring they consistently guide clients to the right target value design. At the core, we've made it drastically more efficient to provide conceptual and cost estimates quickly-and even easier for you to work through design iterations and value engineering. Ediphi leverages cloud infrastructure to ensure data accessibility across your workflows-from estimating to procurement and risk management, allowing Contractors to reduce non-recoverable preconstruction costs and decrease the time it takes to move from ideation to breaking ground, all while better serving their end customers.