
SmartPM Technologies
An Atlanta, GA-based real estate technology company.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
N/A | €0.0 Valuation: €0.0 | round | |
investor | €0.0 | round | |
* | $5.5m | Series A | |
Total Funding | 000k |
USD | 2021 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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SmartPM Technologies, Inc., founded in 2016 by Michael and Roham Cholet, provides a sophisticated schedule analytics platform tailored for the construction industry. The company originated from Michael Cholet's extensive experience as a construction delay expert, where he identified a critical need for proactive, data-driven tools to mitigate project delays and cost overruns. This firsthand knowledge of the complexities and financial risks associated with construction scheduling disputes directly shaped the development of the platform.
The firm targets general contractors, developers, and owners, offering a tool designed to analyze and manage complex construction schedules. Its business model is based on a Software-as-a--Service (SaaS) subscription, providing cloud-based access to its platform with an unlimited user policy, which facilitates broad adoption across project teams and organizations of any size. Revenue is generated through these recurring subscriptions.
SmartPM's core offering is an AI-powered software that automates the analysis of construction project schedules. The platform ingests schedule data from standard industry software like Primavera P6, Microsoft Project, and Asta Powerproject, and then runs a comprehensive analysis. This process historically took consultants days or weeks to complete manually. Key features include automated schedule quality checks, delay analysis, and risk forecasting, which are presented through intuitive dashboards and detailed reports. By identifying potential issues before they escalate, the software helps project managers maintain timelines and control budgets, effectively minimizing risks and preventing costly disputes. The platform's ability to provide objective, actionable insights serves as a significant differentiator in the project controls market.
Keywords: construction technology, project controls, schedule analytics, SaaS, risk management, delay analysis, PropTech, project management software, data analytics, construction management