FieldLens Saves the U.S. Construction Industry $40B a Year

NEW YORK, N.Y. — FieldLens — a mobile technology designed for the construction industry — announced a total seed investment of $1.925 million.   FieldLens will use this investment to continue developing a communication platform providing construction industry personnel real-time mobile access to all critical jobsite data, saving the industry an estimated $40 billion in costs wasted from inefficient communication.

Brad Svrluga of High Peaks Venture Partners said, “The construction industry is sitting on the front edge of a powerful transformation, as ubiquitous smartphone penetration creates opportunity to completely change how communication, task management and data collection happens in the field. The era of the clipboard is ending, and I fully expect FieldLens will lead this transformation. Their platform is improving communication, reducing errors and associated costs, and generating powerful data and insights that are changing the way field management is done.”

FieldLens technology provides simple mobile access to jobsite data, allowing faster responses to issues that typically would require massive amounts of paperwork, emails, faxes and site visits. FieldLens streamlines communication using familiar tools like video, tagging and touch screen to convey field issues. FieldLens’ intuitive process is the construction professionals’ mobile solution to managing interaction among managers, contractors, architects, engineers, design consultants and real estate developers, along with secondary service providers like construction attorneys and accountants.

FieldLens is in private beta and expects to be available for open beta by November 2012.