Revizto, the Swiss-based AECO software firm, has announced a minority investment from global equity investor Summit Partners
The funding will focus on supporting Revizto’s team expansion, product development and continued worldwide growth.
Revizto launched it AECO software platform in 2012 to offer architects, engineers and builders an integrated, cloud-based collaboration platform for 3D and 2D workflows.
The platform is designed to be accessible to all project team members, regardless of technical skills or location – whether in-office, on site or on any device.
By providing a single source of truth for construction collaboration, it empowers project stakeholders to speed up project delivery, reduce rework, and cut costs.
Today, Revizto serves over 260,000 users across more than 2,500 customers worldwide, including leading global firms such as AECOM, Jacobs, McCarthy Building Companies, Mortenson, Consigli, John Holland, Lendlease, Arup and Red Sea Global.
Accelerate development and market expansion
Arman Gukasyan, founder and CEO of Revizto, said: “I am thrilled to announce that Summit Partners has joined us in our mission of revolutionizing collaboration by empowering project teams to build better together.
“In Summit, we have found a partner who shares our commitment and excitement for digitizing the AECO industry, as well as an alignment with our team’s DNA and people-centric company culture.
“While we didn’t need funding, we are confident that this partnership will help propel Revizto forward, providing perspective and resources that will allow us to accelerate development and market expansion, while maintaining a focus on delivering high-quality user-centric solutions.”
The announcement comes after Revizto launched its phone app and built-in clash automation, augmented reality and QR code generation functionality to support real-time collaboration and decision-making.
The company also recently received a Switzerland’s Best Managed Companies award.
AECO industry “ripe for digitalization”
Antony Clavel, a managing director with Summit Partners who has joined the Revizto board, said: “As the number and complexity of construction and infrastructure projects increases globally, we believe the AECO industry is ripe for digitalization.
“With an innovative platform – differentiated by its use of gaming technology, mobile accessibility and user-centric features – Revizto has seen enthusiastic user adoption across 80,000 projects worldwide, driving impressive, profitable growth for the past several years.
“We truly believe Revizto is becoming the industry standard among the largest and most respected construction and engineering firms around the world, and we are excited to be a part of the company’s future as they continue to deliver solutions needed to push the industry forward.”
