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Ediphi: Cloud-based preconstruction and estimating platform for general contractors and enterprise builders, centralizing cost management and estimating.
Based in Boston, Massachusetts, Ediphi provides a cloud-based preconstruction and estimating platform that centralizes cost management and historical data for the commercial construction industry. The subscription software application replaces legacy spreadsheets and desktop tools by utilizing a centralized database to generate rapid estimates and facilitate team collaboration from conceptual design through project completion. The company targets enterprise general contractors, securing software agreements and pilot programs with major industry players including DPR and Hensel Phelps. Ediphi has demonstrated significant scale, reporting over 200 percent annual revenue growth and a 150 percent increase in headcount during 2025. To support this expansion, the business has raised a $12 million Series A round led by Norwest Venture Partners, building upon a previous $6.5 million seed investment backed by Suffolk Technologies. The organization was founded by Dustin DeVan and Mike Navarro.
Ediphi has raised $20.5M across 3 funding rounds.
Ediphi has raised $20.5M in total across 3 funding rounds.
Ediphi is a technology company that builds comprehensive cloud-based preconstruction and estimating software for the construction industry.[1][2][3][5] Contractors use the platform to streamline preconstruction workflows—from estimating and procurement to risk management—enabling better decision-making, reduced non-recoverable costs, and faster project timelines by leveraging cloud infrastructure for data accessibility and historical cost data.[1][2][3][5] It serves general contractors and estimators at firms like DPR Construction, Hensel Phelps, and Wright-Ryan Construction, solving the industry's reliance on manual spreadsheets or siloed on-premise tools that hinder efficiency in an era of abundant project data.[3][5] Growth momentum includes pilots turning into enterprise adoptions, such as DPR's transition in April 2024, and reported ROI boosts like a 1,900% return with $20 million increased revenue per estimator at one firm.[3][5]
Ediphi was established in 2023 and is headquartered in Massachusetts (with some sources noting San Francisco ties), starting with 51-100 employees as a technology specialist in estimating.[1][2] Founder Dustin DeVan launched the company to modernize preconstruction estimating, which lags behind cloud transformations in other construction phases—three-quarters of estimators still use manual spreadsheets or on-premise software despite varying regional costs.[3] DeVan addressed siloed systems by creating a unified cloud platform with proprietary estimation tools, data sheets, unit mixes, and configurability for projects from rough geometry to detailed bids.[3] Early traction came via pilots, including with DPR Construction, leading to full adoption for workflow streamlining and data quality improvements.[3]
Ediphi rides the contech wave digitizing construction, where cloud computing has revolutionized management and design but left preconstruction estimating manual and siloed amid rising data abundance.[3] Timing aligns with 2024 funding for cloud-based estimating amid labor shortages, cost pressures, and demands for speed—reducing ideation-to-groundbreaking time while serving end customers better.[2][3] Market forces like regional cost variability and custom in-house tools favor its unified, scalable approach, influencing the ecosystem by enabling enterprise transitions (e.g., DPR) and aggregating data for smarter decisions, potentially accelerating industry-wide cloud adoption.[3]
Ediphi is positioned to dominate cloud preconstruction estimating as contech matures, with enterprise pilots scaling to national rollouts and integrations expanding via APIs.[3][5] Trends like AI-driven cost forecasting, real-time collaboration, and sustainability tracking will shape its evolution, amplifying ROI as firms chase efficiency in volatile markets. Its influence may grow by setting standards for data-centralized workflows, empowering estimators to guide "right target value design" and transforming how the built world is planned—streamlining from ideation to execution in a cloud-first era.[1][3][5]
Ediphi has raised $20.5M in total across 3 funding rounds.
Ediphi's investors include Draper Associates, Navitas Capital, Pillar VC, Sean Jacobsohn, Incisive Ventures, Insight Partners, Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners, Scott Menard.
Ediphi has raised $20.5M across 3 funding rounds. Most recently, it raised $2.0M Series A in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $2.0M Series A | Draper Associates, Navitas Capital, Pillar VC | |
| Mar 1, 2024 | $12.0M Series A | Sean Jacobsohn | Incisive Ventures, Insight Partners, Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners |
| Nov 16, 2023 | $6.5M Seed | Scott Menard |