# Pype

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

- Industry: Software
- Headquarters: Herndon, US
- Website: www.pype.io
- Total disclosed funding: $4.3M
- Latest round: Seed (Mar 4, 2019)
- Investors on record: 3

## About

Pype, Inc. specializes in automating construction processes through innovative software solutions, enhancing project efficiency and ensuring contract compliance across various construction sectors.Founded in 2015 and headquartered in Herndon, US, Pype, Inc. develops software for the construction industry. The company was co-founded by Karuna Ammireddy and Sunil Dorairajan, who have significant experience in technology and construction. Pype has secured a total of USD 3.00 mn in funding, with the latest Seed round completed on July 22, 2020, led by Blackhorn Ventures. The company has completed 8 deals to date, and in July 2020, Pype was acquired by Autodesk, Inc., marking a significant pivot in its business strategy.Pype, a key player in the Autodesk Construction Cloud, provides software solutions designed to automate critical construction processes. Their primary products, AutoSpecs and Pype Closeout, facilitate the efficient management of project workflows, aiding general and specialty contractors as well as project owners. AutoSpecs utilizes advanced algorithms to create accurate submittal registers from specification documents, while Pype Closeout acts as a comprehensive portal for managing closeout documentation. These solutions serve various sectors including commercial, industrial, and institutional construction in markets such as the US, Canada, the UK, Australia, and Europe.Pype generates revenue through a subscription-based model, enabling clients to access essential services like AutoSpecs and Pype Closeout for construction management. These services enhance project efficiency and compliance, focusing on B2B relationships with general contractors and construction firms. Specific pricing details are not disclosed, but the offerings aim to deliver time savings and productivity improvements for clients.Looking ahead, Pype plans to leverage its recent acquisition by Autodesk to expand its product offerings and enhance integration within the Autodesk ecosystem. Continued development of innovative tools is underway, though specific upcoming product launches have not been disclosed. The focus will also be on expanding into additional markets, particularly in regions where Autodesk has a strong presence. The recent funding will be utilized to support these initiatives, enhancing Pype's capabilities and market reach post-acquisition.

## Funding rounds

- Seed, Mar 4, 2019, $3M — Blackhorn Ventures
- Seed, Nov 17, 2017, $1M — Pritzker Group Venture Capital
- Seed, Dec 15, 2016, $0.3M — Virginia Venture Partners

## Investors

- Virginia Venture Partners (https://capitalatlas.ai/funds/virginia-venture-partners) — Seed
- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Seed
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed