Eyrus, a Washington, DC– based jobsite intelligence platform for the construction and oil and gas industries, closed a $12m Series A funding.
The round was led by Spring Mountain Capital with participation from Autodesk and existing investors Motley Fool Ventures and Fuel Venture Capital.
The company intends to use the funds to accelerate growth, as they enter new market segments and geographies. Eyrus will introduce its platform and strengthen existing partnerships in the Asia-Pacific region, as well as in the European Union, the UK and the Middle East. The company will also dedicate resources to advancing customer-focused product development and enhancing its user experience. Additionally, Eyrus will continue its hiring efforts, securing talent for key positions.
Led by Alexandra McManus, CEO and co-founder, Eyrus provides organizations with a cloud-based platform that delivers vital jobsite intelligence and daily reporting for all stakeholders. The platform automates the collection of a wide variety of workforce data points and allows project teams to enhance attendance, timekeeping, safety and security data in real time.