SEATTLE--(BUSINESS WIRE)--Seattle-based Pavia Systems, the leading software and technology firm focused exclusively on infrastructure construction, announces the closing of a $4 million convertible security financing that was led by Eileses Capital. The funding will accelerate deployment of the HeadLight Project Intelligence platform.
“Infrastructure construction is rapidly modernizing in ways similar to other industries,” explained Si Katara, Co-Founder and President of Pavia Systems. “An explosion of new technologies and tools such as drones, sensors, telematics and bots provide amazing new capabilities to collect vast amounts of data. But the question remains of how to make all this information insightful and actionable among a growing number of stakeholders.”
A key insight that guided the development of the HeadLight Platform was the recognition that the information collected by existing inspection teams is very valuable. At the same time, these paper-based processes are limited in both the types of data collected as well as the speed at which the information is shared. In order to build upon existing processes while also leveraging the explosion of new digital tools, Pavia Systems developed the HeadLight Platform to provide all stakeholders with Project Intelligence.
“Project Intelligence enables construction management firms and owners to drive down project delays, reduce risk, improve claims abatement and increase accountability across all aspects of infrastructure construction projects. And HeadLight is the only platform that enables the combination of real-time communication, information and insights to deliver these benefits,” said Charles Marston, Partner at Eileses Capital.
Users leverage the power of the HeadLight Project Intelligence platform through a suite of mobile-first apps, including the flagship app - Inspect. Empowered with iPads running the Inspect app, inspector observations are transformed from trickles of slow data into broadband streams of rich information. Inspectors easily capture video and photos, annotate images, add voice recordings and document materials and people. Additional HeadLight apps offering pay items management, advanced reporting, dashboard analytics and integrations are planned for release in 2017.
“We are entering a very exciting era of technology use in the way we build our infrastructure, and as we continue to grow as an organization, we are thrilled to have Eileses Capital join in as an investor and strategic advisor. The experience that the partners at Eileses bring in scaling successful SaaS companies with business models very similar to our own makes them a valuable partner,” said George White, CEO, Pavia Systems.
Pavia Systems’ HeadLight platform is currently in use on infrastructure projects nationwide, with major projects underway in MN, CA, WA, CO, AL, IL, and TX, as well as many other projects of all sizes throughout the country.
About Eileses Capital
Eileses Capital invests in companies that will improve the way we live, learn, and work: companies that will beget large markets and new industries. In partnering with Eileses, companies benefit from our experience in having built and operated successful global technology companies. www.eileses.com
About Pavia Systems
Pavia Systems, Inc., founded in 2005, is a technology company delivering Project Intelligence to transportation construction teams through its core platform, HeadLight. The platform helps clients accelerate delivery, reduce risk and increase accountability of construction projects by streamlining and mobilizing project inspections, communications, and documentation. The HeadLight platform has been used on more than $10 billion worth of transportation construction projects nationwide. Customers include large departments of transportation, top-tier consulting engineering firms, contractors, equipment manufacturers, and industry-related materials companies. For more information, please visit http://www.paviasystems.com/.