PlanGrid announced today that Carol Bartz, the former CEO of AutoDesk and Yahoo!, has joined its board of directors. PlanGrid is the leader in construction field productivity software.
“Carol had an incredible 14-year tenure as the CEO of Autodesk, growing revenue from $300 million to $1.5 billion,” said Tracy Young, Co-founder and CEO of PlanGrid. “Her experience and influence are going to be incredibly valuable as we enter our next growth stage.”
Carol’s support is perfect timing for PlanGrid, which has seen an impressive 13 consecutive quarters of triple-digit revenue growth. In its first three years, PlanGrid grew using $1.5 million in seed funding from Y Combinator and angel investors, including Sam Altman, Paul Buchheit, and Alexis Ohanian. In 2015, it raised $58 million in venture funding, led by Sequoia and Tenaya Capital.
“I love the team’s passion for the construction industry and I believe PlanGrid can become the new Autodesk,” says Carol Bartz.
With just over 200 employees, this four-year-old company has incredible momentum. To date, over 40 million construction blueprints have been uploaded to the service, and it has been used on hundreds of thousands of residential and commercial projects; the latter including stadiums and hospitals.
Almost every construction project sees overruns in scheduling and costs. To increase productivity and streamline the building process, PlanGrid created an intuitive, sheet-based mobile construction app that field workers love. It provides every team member with up-to-date blueprints on any device, so field workers can resolve issues faster and provide accurate updates to owners, architects, and office-based teams.
PlanGrid is the world’s leading provider of construction software for the field. It helps contractors, owners, and architects collaborate easily from their mobile devices and desktop managing blueprints, specs, photos, RFIs, and punchlists. PlanGrid’s cloud-based platform has been used on more than 450,000 construction projects, and it stores over 40 million sheets of digital blueprints. The company emerged from Y Combinator in 2012, and secured over $58 million in funding from world-renowned organizations and individuals, including Sequoia, Tenaya Capital, Northgate, Founders Fund, Box, and Google Ventures.