About Aconex
Aconex is a company based in Melbourne (Australia) founded in 2000 was acquired by Oracle in December 2017. It operates as a SaaS (Software-as-a-Service), and Managed Services. Aconex has raised $85 million across 1 funding round from investors including Oracle and Francisco Partners. The company has 91 employees as of April 08, 2024. Aconex has completed 2 acquisitions, including Conject and INCITE Keystone. Aconex offers products and services including Aconex Construction Management, Aconex Model Coordination, and Aconex Field. Aconex operates in a competitive market with competitors including Procore, Hover, Fieldwire, PlanGrid and Nemetschek Group, among others.
- Headquarter Melbourne, Australia
- Employees 91 as on 08 Apr, 2024
- Stage Public
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Sectors
Real Estate & ConstructionTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oracle Corporation
- Date of Incorporation 08 Jul, 2006
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$1.79 M (USD)100.56as on Mar 31, 2013
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Net Profit
$68.12 K (USD)616.54as on Mar 31, 2013
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EBITDA
$1.79 M (USD)100.56as on Mar 31, 2013
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Total Equity Funding
$85 M (USD)
in 1 rounds
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Latest Funding Round
$85 M (USD), Series D
Sep 22, 2008
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Investors
Oracle
& 1 more
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Employee Count
91
as on Apr 08, 2024
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Investments & Acquisitions
Conject
& 1 more
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Acquired by
Oracle
(Dec 18, 2017)
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Products & Services of Aconex
Aconex offers a comprehensive portfolio of products and services, including Aconex Construction Management, Aconex Model Coordination, and Aconex Field. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Construction processes are managed end-to-end with collaboration tools.
Model coordination is facilitated for project team collaboration.
Field inspections and safety are automated for compliance.
Funding Insights of Aconex
Aconex has successfully raised a total of $85M through 1 strategic funding round. The most recent funding activity was a Series D round of $85 million completed in September 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $85.0M
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First Round
First Round
(22 Sep 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Series D - Aconex | Valuation | Francisco Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aconex
Aconex has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Oracle and Francisco Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location | |
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Hybrid cloud infrastructure solutions are delivered for business management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aconex
Aconex has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Conject and INCITE Keystone. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software for managing construction project lifecycles is offered by Conject.
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2000 | ||||
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Web-based platform for project collaboration and information management is provided.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Aconex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aconex Comparisons
Competitors of Aconex
Aconex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Procore, Hover, Fieldwire, PlanGrid and Nemetschek Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS project management software is provided for construction professionals.
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| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
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| domain | founded_year | HQ Location |
A cloud-based collaboration platform is offered for construction project teams.
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| domain | founded_year | HQ Location |
Provider of collaboration on web and mobile for field construction
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| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
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| domain | founded_year | HQ Location |
SaaS software for construction professionals' communication and collaboration is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aconex
Frequently Asked Questions about Aconex
When was Aconex founded?
Aconex was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Where is Aconex located?
Aconex is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Is Aconex a funded company?
Aconex is a funded company, having raised a total of $85M across 1 funding round to date. The company's 1st funding round was a Series D of $85M, raised on Sep 22, 2008.
How many employees does Aconex have?
As of Apr 08, 2024, the latest employee count at Aconex is 91.
What is the annual revenue of Aconex?
Annual revenue of Aconex is $1.79M as on Mar 31, 2013.
What does Aconex do?
Aconex, part of Oracle, offers construction project management software that connects teams and processes across the entire project lifecycle. End-to-end processes are managed with a highly configurable platform, facilitating collaboration through a unique data ownership model. Solutions are provided for model coordination, cost control, and onsite safety. The software serves the construction industry, ensuring accountability with an unalterable audit trail and supporting design-build projects with seamless data sharing.
Who are the top competitors of Aconex?
Aconex's top competitors include Procore, Hover and Nemetschek Group.
What products or services does Aconex offer?
Aconex offers Aconex Construction Management, Aconex Model Coordination, and Aconex Field.
How many acquisitions has Aconex made?
Aconex has made 2 acquisitions, including Conject, and INCITE Keystone.
Who are Aconex's investors?
Aconex has 2 investors. Key investors include Oracle, and Francisco Partners.
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