Propeller, a 3D mapping and worksite analytics company that builds hardware and software to simplify data capture, processing, and analysis for construction, aggregates, mining, and waste management worksites, have raised $18 million in Series B funding.
The round was co-led by Blackbird and Costanoa Ventures, long-time supporters and advocates of Propeller.
When asked what prompted the decision to seek additional capital, Rory San Miguel, CEO and co-founder of Propeller, cited two major forces at play. The capacity to scale at a greater velocity and the launch of a new product called DirtMate.
DirtMate, a machine tracking system that collects progress and productivity data in real time, is currently in beta, but well-poised to make its mark on the earthmoving industry upon official release, which is projected for Q1 of next year.
San Miguel explained: “Our new product DirtMate is the real-time complement to our existing workflow. We’ve taken our existing GPS technology and created a version that’s easy to install on every earthmoving machine.
“As each machine is moving across the worksite, moving dirt, we track elevations to build surfaces in real-time, within a few centimeters of accuracy. With DirtMate, we move from being a retrospective tracking solution to a solution that can detect issues and suggest improvements in real time.”
From Q1 to Q2, Propeller experienced a historic uptick in platform engagement, with a 40% quarter-over-quarter increase in the number of surveys uploaded to the Propeller Platform.
Propeller also announced that Roz Buick, a thought leader and advocate for digital transformation in construction who served as senior vice president at Trimble for over 24 years, recently joined the Propeller board.
Buick ran the heavy civil construction division at Trimble for nine years and was instrumental in establishing the SITECH channel partners—a wealth of relevant experience and relationships that she has since brought to the Propeller board.