Blackhorn leads $7.5 Million investment in Rhumbix
Rhumbix, a new firm focused on helping make construction sites smarter, was one of the first companies in which Blackhorn invested. Managing Partner, Trevor Zimmerman, stated “We look for companies that are coupling engineering breakthroughs with the infrastructure of the information revolution to improve resource productivity. Rhumbix is a perfect example of that.” Dr. Raymond Levitt, Operating Partner at Blackhorn Ventures and Kumagai Professor of Engineering at Stanford University, further noted that Rhumbix’ cloud software, with its intuitive mobile interfaces for all users, takes resource productivity in the construction industry to a new level.
Rhumbix is currently being used by 7 of the top 20 builders in the United States and the platform has delivered ROIs ranging from 500-800%.
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