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RapidWorks - About the company

RapidWorks is a series A company based in Boston (United States), founded in 2002. It operates as a Provider of ERP software solutions for heavy equipment job management and dispatching. RapidWorks has raised $3.75M in funding from MassMutual Ventures and Wavecrest Growth Partners. The company has 377 active competitors, including 21 funded and 42 that have exited. Its top competitors include companies like Parspec, Foundation Software and Xpedeon.

Company Details

Provider of ERP software solutions for heavy equipment job management and dispatching. It offers a software designed specifically for heavy equipment job management, offering solutions for taking orders and executing tasks efficiently. It provides ERP software solutions for subcontractors in the heavy construction equipment services industry.
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Email ID
*****@rapidworks.com, *****@rapidworks.com
Phone Number
+1 **********
Key Metrics
Founded Year
2002
Location
Boston, United States
Stage
Series A
Total Funding
$3.75M in 5 rounds
Latest Funding Round
Ranked
Employee Count
74 as on Sep 30, 2026
Investment & Acquisitions
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RapidWorks's funding and investors

RapidWorks has raised a total funding of $3.75M over 5 rounds. Its first funding round was on Jul 07, 2015. Its latest funding round was a Series A round on Aug 02, 2023 for $*****. 2 investors participated in its latest round. RapidWorks has 3 institutional investors.

Here is the list of recent funding rounds of RapidWorks:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 02, 2023
1030950
Series A
1213493
7655742
4877158
4382305
Oct 2022
4924543
Seed
7321716
6595969
8002599
Jun 19, 2017
5461249
Seed
9716853
1317969
6685647
2509057
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RapidWorks' founders and board of directors

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RapidWorks' employee count trend

RapidWorks has 74 employees as of Sep 26. Here is RapidWorks's employee count trend over the years:
Employee count trend for RapidWorks
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RapidWorks's Competitors and alternates

Top competitors of RapidWorks include Parspec, Foundation Software and Xpedeon. Here is the list of Top 10 competitors of RapidWorks, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Parspec
Parspec
2020, San Francisco (United States), Series A
Developer of software for managing construction project quoting and submittals
$31.5M
61/100
2nd
Logo for RapidWorks
RapidWorks
2002, Boston (United States), Series A
Provider of ERP software solutions for heavy equipment job management and dispatching
$3.75M
59/100
3rd
Logo for Foundation Software
Foundation Software
1985, Cleveland (United States), Acquired
On-premise and Cloud-based Construction accounting software
-
58/100
4th
Logo for Xpedeon
Xpedeon
1994, Mumbai (India), Early Stage
Platform offers SaaS-based ERP solutions tailored for engineering and construction industries
$7.34M
57/100
5th
Logo for Tenna
Tenna
2015, New York City (United States), Acquired
Online platform providing asset management solutions
-
53/100
6th
Logo for Eque2
Eque2
2013, Manchester (United Kingdom), Acquired
SaaS-driven ERP software for the construction industry
-
52/100
7th
Logo for eSUB
eSUB
2008, San Diego (United States), Series B
Cloud-based construction management suite solutions
$22.1M
52/100
8th
Logo for Gamut Infosystems Limited
Gamut Infosystems Limited
1990, Kolkata (India), Funding Raised
Accounting and ERP management platform
-
-
51/100
9th
Logo for Algorithms Software
Algorithms Software
1994, Mumbai (India), Unfunded
Cloud based ERP solution for the construction industry
-
-
51/100
10th
Logo for BCMI Corporation
BCMI Corporation
2014, Bellingham (United States), Series B
Provider of cloud-based management solution for building material industry
$14.8M
-
49/100
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RapidWorks's Investments and acquisitions

RapidWorks has acquired 2 companies including Cro Software Solutions and Visual Dispatch. RapidWorks has not made any investments as of now.

Reports related to RapidWorks

Here is the latest report on RapidWorks's sector:

News related to RapidWorks

Media has covered RapidWorks for a total of 3 events in the last 1 year, 1 of them has been about company updates and 1 about people movement.
•
RapidWorks Launches Rapid Payments for Heavy Equipment Service ProvidersMiningstockeducation•Jan 19, 2026•RapidWorks
•
•
Rapid Applications Group Announces Renaming to RapidWorksPR Newswire•Jan 04, 2024•RapidWorks
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FAQs about RapidWorks

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