Three months after raising a whopping $40 million in venture capital, Colorado-based construction software startup Prescient is moving its headquarters to Durham.
The move from Denver follows the firm’s decision a year ago to construct a 200-employee plant in the Triad.
“In an industry that is highly commoditized, Prescient has many imitators but no true competitors. Our proprietary digital thread connects everything from design, engineering and manufacturing through installation,” says Executive Chairman and CEO Satyen Patel.
“The Prescient Technology Platform is proven — we have built 3 million square feet of buildings in five states since 2013 and are on pace to build another 3 million square feet in 2017 alone, expanding our footprint into nine additional states. This is a successful, field-tested technology platform.”
Patel announced the headquarters move on Wednesday. His company has now raised some $80 million in capital since launch in 2012. It launched in 2012.
The firm’s HQ is expected to employee some 60 people.
Prescient also has operations in Colorado and Poland.
So what does Prescient offer?
“[A]patented, unique structural system is cost-competitive with wood and significantly less expensive than a concrete or steel structure. Prescient’s continued focus on technology development has resulted in 29 patents being granted across 30 countries with 52 more patents on file globally,” the company says.
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