Thank you for checking out our quarterly update 👍
Construction is the second most complained-about industry in the U.S. with surprise costs, scheduling delays, and poor communication topping the list, but we’re fixing that! The GMS is a GPS specifically for construction contractors. Simply enter your project goals, and the GMS uses artificial intelligence to mine, analyze, and leverage their historical and real time data to autonomously optimize their estimates and schedules in real-time, increasing estimating accuracy up to 95% and saving contractors up to 35% on their labor costs! The GMS will do for the construction industry, what the GPS did for travelers using a map.
💻Product Updates:
We have been in the field testing the GMS with our first BETA tester, the Wisconsin Greenhouse Company. We did identify some bugs and procedural inconsistencies, which we've since corrected. Next we’ll begin training the Greenhouse Company to start using the GMS independently.
💼Business Development:
We’re working down our list of BETA applicants and have selected the roofing company Save My Roof as our next BETA user. They're a franchise location of a nationwide organization, so successful implementation here can quickly open a large amount of doors for growth.
📊KPIs & Core Metrics:
After over 2 years of product development, with our first users coming online, this year we'll be able to start providing KPI's. Coming soon!
💰Finances:
We’ve oversubscribed our pre-seed round with over $1 Million raised, closed the round last year, and just opened our seed round. We’re raising $2.1 Million which will be used for marketing and sales, customer support, product maintenance, and continued development.
😓Lowlights:
I failed to recognize that our first BETA tester, which is in the Greenhouse Industry, has a unique process when creating material lists. They are dependent on the manufacturer who fabricates the whole greenhouse, which is different from traditional contractors who make their own material lists and can pick those materials up from a variety of distributors. This required some modifications specifically for this industry which we didn't budget for, but we’ve since completed that work and can now add this vertical to our product offering.
🏆Highlights:
Our CTO Victor Samveda is now full time with GMS. We've hired and are actively training Roby who will be heading up and be our technical support team lead for our USA customers, and our partnership with Karunya University's Artificial Intelligence and Machine Learning department is kicking into high gear providing 10 interns aiding in the development of the GMS’s intelligence.
📰Press:
🆘Help Wanted:
Introductions to:
🙏Thank You!
This will be different than we’ve done before. Some of you know that my children attend the Abundant Life Christian School, where there was a deadly shooting on December 16th. While so many of you deserve our thanks for helping bring the GMS to the market, at the core of everything is family and community. I wanted to take this opportunity to thank those who rallied around our family, and all the other families and community members hurt by this tragedy.
There were so many more businesses that stepped up providing food, counseling, and services needed too, but out of respect for everyone's time I can’t list them all.
We’re building the GMS to support our community and yours, and we’re so thankful to experience your support right back.
Please keep checking out our quarterly updates, you may, or someone you know may be able to help us, or maybe you would like to learn more about how the GMS can help you, your family, friends, or contractors you know.
Welcome, to the new world of AI B2B SaaS, that is revolutionizing the construction industry!
You are awesome and appreciated!
Keep making life wonderful 🙂
-Tommy & the GMS team