Lumber

Overview
News
Construction Tech?
Product stageSegments
Go-to-Market
?
Project Management Software
?

Lumber is a construction workforce management platform that offers integrated solutions for small to medium-sized construction firms. The company's SaaS product combines payroll, time tracking, compliance, accounts payable, scheduling, and onboarding workflows into a single platform. At the core of Lumber's offering is its proprietary Large Language Model (LLM) trained on extensive regulatory and compliance data specific to the construction industry. This AI-powered system enables the platform to provide up-to-date compliance information and automate complex payroll calculations.

Lumber's platform addresses several key challenges faced by construction companies, including labor constraints, complex regulatory environments, and inefficient workforce management processes. The software's time tracking application incorporates geo-fencing technology, allowing business owners to monitor employee clock-ins and clock-outs accurately. In January 2024, Lumber introduced an automated payroll calculation feature that significantly reduces processing time. This new feature integrates prevailing wages, overtime payments, paid time off, and tax deductions, cutting the weekly payroll process from about 20 hours to just 30 minutes.

The company's solution is designed to streamline operations for general contractors, subcontractors, and specialty contractors. It offers real-time data access, which helps in making informed financial decisions and managing labor costs effectively. Lumber's platform also includes an AI chatbot to enhance user experience and provide quick assistance to management teams.

Key customers and partnerships

Lumber's platform caters to small and medium-sized construction firms, including general contractors, subcontractors, and specialty contractors. The company has received positive feedback from users such as Prodigal, which utilizes Lumber's workforce management and time tracking applications for job costing and employee tracking. Another customer, Level 5 Drywall, has noted that Lumber's platform helps integrate disparate data elements from various systems and project stages, making unified workforce management a reality.

In the construction industry, Lumber has garnered attention from larger players. Atul Khanzode, a management executive at DPR Construction, California's largest construction firm, has expressed support for Lumber's approach to bringing automation to the industry through its modern, purpose-built payroll and time-tracking solution.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
San Jose CA USA
Founded year:
2023
Employees:
1-10
IPO status:
Private
Total funding:
USD 5.5 mn
Last Funding:
USD 5.5 mn (Seed; Sep 2023)
Last valuation:
-
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