About New Metrix
New Metrix is a Real Estate & Construction company based in Cambridge (United States) founded in 2015, and was acquired by Oracle in December 2022. AI-based risk intelligence solutions are delivered for construction professionals. It operates in the Real Estate & Construction and Technology sectors. New Metrix has raised $12.57 million across 3 funding rounds from investors including Oracle, Autodesk and Sony Innovation Fund. New Metrix offers products and services including Construction Intelligence Cloud and Advisor. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Site Monitoring. Its legal entity is Oracle Corporation. Its competitors include Sphera Solutions, Urbint and AlertMedia; 3 of its 3 listed competitors have raised funding.
Company details
New Metrix was founded in 2015 and is headquartered in Cambridge, United States. Operations focus on the construction sector through a SaaS platform that employs AI for risk intelligence management. Services encompass predictive analytics, incident and safety observation management, field operations, and monitoring. A mobile application is offered for Android and iOS devices to support on-site activities.
- Headquarters Cambridge, United States
- Stage Acquired
- SectorsReal Estate & ConstructionTechnology
- Phone•••• ••••
- Website newmetrix.com
- Social LinkedIn X Facebook
- Acquired by Oracle (Dec 2022)
- Legal Name Oracle Corporation
Products & Services of New Metrix
New Metrix offers a comprehensive portfolio of products and services, including Construction Intelligence Cloud and Advisor.
Platform for analyzing construction data and predicting risks.
Tool to predict and mitigate project delays and safety issues.
Funding Insights of New Metrix
New Metrix has successfully raised a total of $12.57M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $565 thousand completed in May 2022. 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 $12.57M
- Total Rounds 3
- Last Round Series A — $565,000
- First Round $7M
(Jul 2017)
- Investors Count 10
All 3 funding rounds of New Metrix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $565,000 | Series A | – | – | – |
| Oct 2020 | $5M | Series A | – | IA Capital Group | |
| Jul 2017 | $7M | Series A | – | Autodesk |
11 investors in total: 11 institutional.
Investors in New Metrix
New Metrix has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Oracle, Autodesk and Sony Innovation Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech startups | iacapgroup.com | New York, United States | ||
Building Ventures is focused on investing in built environment innovations. | buildingventures.com | Boston, United States | ||
Early-stage venture capital firm | companyon.vc | Boston, United States | ||
Venture capital fund investing in technology and AI sectors. | 2016 | sonyinnovationfund.com | Tokyo, Japan | |
Venture capital firm investing in seed & series A startups | borealis.vc | Hanover, United States | ||
Venture capital investing and portfolio management services for accredited investors. | av.vc | |||
Investments are provided by an angel network to Boston-based companies. | launchpadventuregroup.com | Newton, United States | ||
Early-stage US companies are invested in by Stage 1 Ventures. | stage1ventures.com | Waltham, United States | ||
Converge is engaged in venture capital investments for technology startups. | converge.vc | Cambridge, United States | ||
Provider of cloud-based 3D CAD modeling software for the AEC industry | 1982 | autodesk.com | San Francisco, United States |
Investor details for New Metrix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Timeline of New Metrix
4 dated milestones of New Metrix across 7 years, from founding to its latest funding, stage changes and deals.
- Founded New Metrix is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series A, of $565K.
- Exit Acquired by Oracle.
Competitors of New Metrix
New Metrix has 3 listed competitors in our database, 3 of them funded. They include Sphera Solutions, Urbint and AlertMedia.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sphera.com | 1999 | Chicago, United States | $26.5M | 276 | Cloud-based QEHS and operational risk software is provided. | |
| urbint.com | 2015 | New York, United States | $130.08M | AI-driven urban datasets and analysis tools are offered by Urbint. | ||
| alertmedia.com | 2013 | Austin, United States | $57.58M | 177 | Cloud based emergency communication software for businesses |
Detailed competitors of New Metrix
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Construction & Building Tech
3 companies that operate in the same segment as New Metrix (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Frequently Asked Questions about New Metrix
New Metrix was founded in 2015 and raised its 1st funding round 2 years after it was founded.
New Metrix is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
New Metrix is a funded company, having raised a total of $12.57M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jul 2017.
New Metrix was founded in 2015 and is headquartered in Cambridge, United States. Operations focus on the construction sector through a SaaS platform that employs AI for risk intelligence management. Services encompass predictive analytics, incident and safety observation management, field operations, and monitoring. A mobile application is offered for Android and iOS devices to support on-site activities.
New Metrix's top competitors include AlertMedia, Urbint and Sphera Solutions.
New Metrix offers Construction Intelligence Cloud and Advisor.
New Metrix has 11 investors. Key investors include Oracle, Autodesk, Sony Innovation Fund, IA Capital Group, and Building Ventures.
New Metrix operates through Oracle Corporation.
Yes. New Metrix was acquired by Oracle in December 2022.