RIVET Work Inc. Secures $6M in Funding to Revolutionize Workforce Management Solutions
April 18, 2024, 9:42 pm
Location: United States, Michigan, Detroit
Employees: 11-50
Founded date: 2020
Total raised: $11.6M
RIVET Work Inc., a Detroit-based startup specializing in construction workforce management, has recently secured $6 million in funding to expand its platform and services for contractors. This new investment brings their total funding to $14 million, with Brick & Mortar Ventures leading the round alongside existing investors like defy.vc and Augment Ventures.
Founded in 2022, RIVET Work Inc. offers a comprehensive workforce management platform tailored for contracting businesses. Their platform streamlines labor operations, from overseeing and planning to scheduling and deploying crews, all through a unified interface. Known for setting the standard in workforce management software for electrical contractors, RIVET's platform boasts features like labor forecasting, providing project managers with insights into future labor demands, and automated labor requests to save time and streamline operations.
By helping commercial contractors manage labor across job sites in real-time, RIVET's cloud-based platform enables contractors to forecast labor needs during pre-construction, create strategic labor plans for each project, and execute those plans efficiently. This connectivity within construction project labor operations enhances productivity, allowing contractors to complete more work and maintain profitability.
Kaustubh Pandya, a partner at Brick & Mortar Ventures, highlighted the significance of RIVET's platform in addressing the skilled labor shortage prevalent in the industry. He emphasized how RIVET's solutions have empowered customers to manage billable labor effectively and upskill their workforce, ultimately driving operational efficiency and cost savings.
CEO Ryan Meitl expressed the company's commitment to customer satisfaction, attributing their success to a customer-centric approach that prioritizes building top-tier workforce management solutions and services. This dedication to customer care has not only set RIVET apart in the industry but also garnered strong endorsements from satisfied customers who advocate for the platform within their professional networks.
With this latest funding injection, RIVET Work Inc. aims to expand its platform to serve multi-trade businesses beyond electrical contracting, further solidifying its position as a leader in workforce management solutions for the construction sector. As the company continues to innovate and grow, its focus on customer-centricity and operational excellence remains unwavering, driving continued success and industry recognition.
Founded in 2022, RIVET Work Inc. offers a comprehensive workforce management platform tailored for contracting businesses. Their platform streamlines labor operations, from overseeing and planning to scheduling and deploying crews, all through a unified interface. Known for setting the standard in workforce management software for electrical contractors, RIVET's platform boasts features like labor forecasting, providing project managers with insights into future labor demands, and automated labor requests to save time and streamline operations.
By helping commercial contractors manage labor across job sites in real-time, RIVET's cloud-based platform enables contractors to forecast labor needs during pre-construction, create strategic labor plans for each project, and execute those plans efficiently. This connectivity within construction project labor operations enhances productivity, allowing contractors to complete more work and maintain profitability.
Kaustubh Pandya, a partner at Brick & Mortar Ventures, highlighted the significance of RIVET's platform in addressing the skilled labor shortage prevalent in the industry. He emphasized how RIVET's solutions have empowered customers to manage billable labor effectively and upskill their workforce, ultimately driving operational efficiency and cost savings.
CEO Ryan Meitl expressed the company's commitment to customer satisfaction, attributing their success to a customer-centric approach that prioritizes building top-tier workforce management solutions and services. This dedication to customer care has not only set RIVET apart in the industry but also garnered strong endorsements from satisfied customers who advocate for the platform within their professional networks.
With this latest funding injection, RIVET Work Inc. aims to expand its platform to serve multi-trade businesses beyond electrical contracting, further solidifying its position as a leader in workforce management solutions for the construction sector. As the company continues to innovate and grow, its focus on customer-centricity and operational excellence remains unwavering, driving continued success and industry recognition.