Planera raises $5.4m seed funding to transform the construction industry

Planera raises $5.4m seed funding to transform the construction industry

Published: 18-05-2023 15:21:00 | By: Pie Kamau | hits: 3087 | Tags:

Planera, a visual scheduling and planning solution that helps construction companies build, analyze, and optimize schedules to increase profitability, announced it has raised $5.4 million in seed funding from Sorenson Ventures, Firebolt Ventures, and several prominent construction executives and the company’s public launch. 

Developed by a team led by successful startup founder Nitin Bhandari, who most recently served as Life360's Vice President of Strategic Initiatives, and Saif Lodhi, a construction industry veteran, Planera provides a more accessible alternative to the industry's legacy systems and overly complex Gantt-chart-based scheduling tools. Planera's project scheduling software eliminates the guesswork in the construction planning and estimation process.

Planera’s construction scheduling software combines the sophisticated capabilities of legacy solutions, such as critical path, float management, project filtering, and resource usage graphs, with a simple-to-use online “whiteboard” interface that promotes collaboration and easy access across the entire project team. “Poor-quality schedules, especially during the pre-construction phase, can cost builders contractors millions of dollars. Too often, construction companies fail to develop detailed project schedules because legacy scheduling tools take too much time and effort,” said Saif Lodhi, a Planera co-founder with 30+ years of construction industry experience.

Nitin Bhandari, CEO and Founder, Planera: “The people with the most construction experience and expertise often don’t know how to use complicated, legacy scheduling software. This results in project delays, estimation errors, and client frustration. Planera is so simple that anyone with job knowledge can create a resource-loaded schedule in hours instead of weeks. With multi-user collaboration similar to Google Docs, we give scheduling superpowers to everyone in the construction industry. We combine the power of industry-leading scheduling tools with the simplicity of traditional whiteboards and spreadsheets.”

Founded in November 2021, Planera was developed in collaboration with construction industry professionals to be an accessible and adaptable technology for the construction, engineering, architecture/design, and general contractor sectors. By simplifying the scheduling process for both infrastructure and commercial projects, Planera serves as a multifaceted tool that organizations can use to plan, create timelines, and collaborate with all key project stakeholders.

Joseph Henry, Estimation Manager, Shimmick Construction: "For construction companies, developing an accurate bid and schedule for a project is critical for success. If our proposals lack precision, we risk decreased project profitability or losing the bid altogether. Planera helps us quickly create comprehensive and accurate project schedules. We decided to adopt Planera because it reduces the type of inaccuracies that led to lost bids or cost risks for the most valuable projects, which are often large and complex in nature." 

As contractors navigate complexities related to high borrowing costs, interest rate fluctuations, and rising and unpredictable cost of materials, planning, forecasting, and bidding on projects while maintaining margins and timelines can be difficult.

Ken Elefant, Partner and Co-founder, Sorenson Ventures: "Historically, construction scheduling and project management solutions have been overly complicated and non-intuitive. Planera is powerful, easy to use, and collaborative. By democratizing construction scheduling, Planera has the opportunity to become an indispensable tool throughout the entire project lifecycle."

Prior to creating Planera, Bhandari was the founder of Zenlabs, which was a company that used screentime monitoring and wellness tools to promote online mindfulness and combat the digital attention crisis. Zenlabs was acquired by Life360 in 2019, and Bhandari joined Life360 as their Vice President of Strategic Initiatives. Previously, Bhandari was the founder and CEO of Skyfire, which was acquired by Opera Software. 

www.planera.io