# IrisCX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iriscx

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.iriscx.com
- Total disclosed funding: $4.5M
- Latest round: Seed (Feb 23, 2023)
- Investors on record: 2

## About

IrisCX, based in Calgary, Canada, specializes in innovative residential construction management software that enhances customer service through warranty management solutions.Founded in 2018, IrisCX is focused on providing software solutions for residential construction management. The company has successfully raised capital, with its most recent funding round being a Seed round in February 2023, where it raised CAD 6.2 million from Arthur Ventures. The founders of IrisCX are Guillermo Salazar and Luke Krueger, with Salazar also serving as the CEO.IrisCX specializes in residential construction management software, focusing on enhancing customer service within the warranty management sector. Their core product leverages an intuitive video interface that allows homeowners to easily submit concerns and document defects, streamlining the resolution process. By utilizing automation and artificial intelligence, IrisCX assesses each submission for warranty eligibility based on established performance standards, greatly reducing the time customer service teams spend on issue resolution. The end users include residential construction companies and property management firms primarily situated in North America, seeking to improve operational efficiency and customer satisfaction. The software was developed to address common pain points associated with traditional communication methods, such as lengthy email exchanges and phone calls, ultimately aiming to drive referral intent through enhanced customer experience.IrisCX generates revenue through a subscription-based model that enables construction and property management companies to access their software services. Customers typically subscribe to various tiers based on the features required, allowing them to utilize the platform for managing warranty claims and improving customer service responsiveness. The revenue structure is designed to cater to B2B transactions, where clients pay recurring fees for continued access to the software and additional functionalities. Signature offerings, such as the automated warranty management tools, contribute significantly to the company's revenue stream, as they provide essential capabilities that streamline operations for clients. The pricing plans are structured to accommodate businesses of varying sizes, ensuring scalability and alignment with client needs while enhancing operational efficiency.In February 2023, IrisCX raised CAD 6.2 million in Seed funding to support the development of its platform as well as go-to-market and manpower growth. The company intends to design and launch new products aimed at enhancing user experience and expanding its service offerings. Additionally, IrisCX plans to explore growth opportunities in new markets across North America by the end of 2024, broadening their reach and client base.

## Funding rounds

- Seed, Feb 23, 2023, $4.5M — Arthur Ventures
- Angel, Feb 1, 2021 — High Park Capital Partners

## Investors

- High Park Capital Partners (https://capitalatlas.ai/funds/high-park-capital-partners) — Angel
- Arthur Ventures (https://capitalatlas.ai/funds/arthur-ventures) — Seed