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Higharc, the connected cloud platform revolutionizing homebuilding operations, has secured a significant milestone with a $53 million Series B funding round. This round, led by industry giants like Spark Capital and Pillar VC, reflects Higharc's rapid ascent as a leader in the $350 billion US homebuilding sector. The investment, powered by over 18 key players from construction and building materials industries, underscores Higharc's commitment to driving digital transformation in homebuilding. With this funding, Higharc plans to enhance its automated materials estimating and generative AI-based workflows, further boosting efficiency in the industry. Higharc's innovative technology has already shown remarkable results, helping builders cut design cycle times by 75% and soft cycle time by 33%. With over one million homes built annually in the US and a housing shortage of five million, Higharc's Homebuilding Cloud emerges as a game-changer, replacing outdated software solutions with an all-encompassing platform. This latest investment, which brings Higharc's total capital raised to $78.7 million, positions the company to continue its mission of revolutionizing homebuilding through technology. With industry leaders like Schneider Electric's Venture Arm and SE Ventures joining the fold, Higharc is poised to accelerate innovation in homebuilding and shape the future of the industry.

Original article posted on February 15, 2024