a16z leads Endra's Series A
America | Tech | Opinion | Culture | Charts
The built world runs on software older than some of the engineers using it. We wrote 2500 words about why, and now we’re backing a team to do something about it.
Enter Endra. Endra automates the design work done by mechanical, electrical, and plumbing (MEP) consultants, the engineers who design critical systems that help make up every building. This is a massive $150B+ global services market that’s constrained by human beings’ capacity to scale.
While there is a creative and strategic process to designing these systems, most of what MEP engineers actually do is rote. Place a fire alarm here. Run a circuit there. Check it against code. Repeat, floor by floor, room by room, project after project. Imagine having to enter the same value in a huge row of Excel cells rather than just dragging down. This mindless work can take months, and it often gets outsourced because nobody wants to do it. Not exactly the dream when you sign up for engineering school. Endra fixes that. Its platform ingests standard building model files, integrates with Revit, and reconstructs a building in 3D. With Endra an engineer can set the rules for a fire or power system, hit optimize, and be done. Work that used to take weeks of clicking through floor plans is done in a sitting. As you might imagine this has been a hit with customers, with revenue growing vertically and early customer feedback like this:
“Basically you could ride a horse with the legacy solution or go to the moon with Endra.”
The results are great but early stage investing comes down to the team. Niklas Lindgren and Anton Juric are childhood best friends who started and sold their first company in an adjacent space and grew up around MEP consultants. That empathy combined with unique hustle has helped them land several of the largest firms in the world as early customers. They partnered with elite technologists in David Rydberg and Gustav Hammarlund who worked together at Goldman’s low-latency trading desk in Stockholm. They have already pulled together an incredible team across Sweden and the US to tackle a truly global problem.
We’re thrilled to be leading Endra’s Series A. If you run an MEP firm, a GC, or a development shop and want to ship buildings faster, give Endra a call. And if you’re an engineer who wants to help rebuild the software stack behind the built world, they’re hiring across Stockholm, NYC, and SF.
Onward!
This newsletter is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. Furthermore, this content is not investment advice, nor is it intended for use by any investors or prospective investors in any a16z funds. This newsletter may link to other websites or contain other information obtained from third-party sources - a16z has not independently verified nor makes any representations about the current or enduring accuracy of such information. If this content includes third-party advertisements, a16z has not reviewed such advertisements and does not endorse any advertising content or related companies contained therein. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z; visit https://a16z.com/investment-list/ for a full list of investments. Other important information can be found at a16z.com/disclosures. You’re receiving this newsletter since you opted in earlier; if you would like to opt out of future newsletters you may unsubscribe immediately.