Mobile Startup Rhumbix Closes $7.3 Million

Rhumbix, a mobile platform designed to increase construction productivity and safety, closed $7.3 million in financing led by Blackhorn Ventures, with participation from Greylock Partners, Brick & Mortar Ventures, Spectrum 28, Glynn Capital Management and Kiddar Capital.

Rhumbix modernizes construction field operations to help builders go paperless in the field and improve how they measure and manage labor productivity and profitability. The company claims it is the first to use crew telematics to capture field data in real time from workers’ smartphones, which results in safer job sites, reduced administrative burden, and more time at the workplace.

This round of funding will help Rhumbix invest more in compelling products currently in development and expand sales team and marketing efforts.