![Giftmio [Lifetime] Many GEOs](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI3MjgiIGhlaWdodD0iOTAiIHZpZXdCb3g9IjAgMCA3MjggOTAiPjxyZWN0IHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIHN0eWxlPSJmaWxsOiNjZmQ0ZGI7ZmlsbC1vcGFjaXR5OiAwLjE7Ii8+PC9zdmc+)
Lumber, a startup technology company, is out to simplify construction project management with an AI-powered app of the identical name.
As more construction corporations join the platform, we’re growing our data set that gives precious, invaluable insights to the industry’s operations.
Lou Perez, founding member and head of sales
Lumber
The Lumber app was designed to supply construction corporations with real-time updates of data, including work time-tracking; payroll scheduling, processing and payment; compliance with human resources standards; and materials and overall job costs.
Lumber notes that the U.S. construction costs saw a median increase of 4% in 2023, then grew as much as 6% this yr.
“Small to medium-sized construction firms face a formidable challenge as they confront labor constraints and a posh regulatory environment testing the boundaries of their operational capability and profitability,” says Lumber founder and CEO Shreesha Ramdas.
Lumber deploys LLM platform and AI chatbbot
He adds that Lumber’s LLM-powered platform and AI chatbot were designed to assist management teams at small and medium-sized construction firms to deploy what he calls a game-changing workforce experience. LLM, or large language model, is a type of AI processes natural language processing tasks.
“We’re revolutionizing the development industry through the facility of knowledge and artificial intelligence,” says Lou Perez, a founding member of Lumber and head of sales.
He adds, “As more construction corporations join the platform, we’re growing our data set that gives precious, invaluable insights to the industry’s operations. In order that information enables us to deploy LLMs, learn from data, after which suggest optimal ways of utilizing and scheduling construction workforces and managing materials.”
The multiple tasks managed through the Lumber app.
The Lumber app operates with pre-selected cost codes linked to equipment, materials and labor. For every task, an app user assigns the suitable cost codes, reminiscent of for plumbing installations, maintenance work the vital materials.
Construction managers can use the app to forward employees’ pay into their personal checking accounts. The app also offers employee incentive programs, reminiscent of a gamification program that lets employees earn gift card rewards for meeting labor performance goals.
Lumber charges app fees starting from $8 to $30 per 30 days per worker, depending on the feature set an organization uses.
Lumber addresses a labor-constrained industry
“In today’s fast-paced and labor-constrained construction industry, payroll solutions for specialty contractors and the forms of trade partners we use have to transcend basic payment processing and adopt next-generation automation to remain compliant with regulations, boost efficiency, and enhance the worker experience,” Atul Khanzode, management executive at DPR Construction, the biggest construction firm in California, in a Lumber press release. “I imagine that Lumber is bridging much-needed automation to the development industry with a contemporary, purpose-built payroll and time-tracking solution that’s powered by a construction-specific LLM with an initial concentrate on industry regulations.”
Lumber launched last yr with a SaaS-based workforce management platform that integrates job-site cost activity with back-office management teams. The corporate’s launch got here with a $5.5 million seed round of funding led by Carbide Ventures. Other investors include firms Escape Velocity, 8VC, Sure Ventures, Converge VC, and Firsthand Alliance, in addition to individual investors.
“The Lumber team brings together an exceptional mix of technological prowess and product expertise required to revolutionize workplace productivity in traditional industries,” said Pankaj Tibrewal, general partner, Carbide Ventures.
Paul Demery is a Digital Commerce 360 contributing editor covering B2B digital commerce technology and strategy. [email protected].
Join
Join for a complimentary subscription to Digital Commerce 360 B2B News, published 4x/week. It covers technology and business trends within the growing B2B ecommerce industry. Contact Mark Brohan, senior vice chairman of B2B and Market Research, at [email protected]. Follow him on Twitter @markbrohan. Follow us on LinkedIn, Twitter, Facebook and YouTube.
