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.
- Website
- www.rapidworks.com/
- 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
Investors
Ranked
2nd among 377 active competitors
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:
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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 |
View details of RapidWorks's funding rounds and investors
RapidWorks' founders and board of directors
Founder? Claim ProfileRapidWorks' employee count trend
RapidWorks has 74 employees as of Sep 26. Here is RapidWorks's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Parspec 2020, San Francisco (United States), Series A | Developer of software for managing construction project quoting and submittals | $31.5M | 61/100 | |
2nd | RapidWorks 2002, Boston (United States), Series A | Provider of ERP software solutions for heavy equipment job management and dispatching | $3.75M | 59/100 | |
3rd | Foundation Software 1985, Cleveland (United States), Acquired | On-premise and Cloud-based Construction accounting software | - | 58/100 | |
4th | Platform offers SaaS-based ERP solutions tailored for engineering and construction industries | $7.34M | 57/100 | ||
5th | Tenna 2015, New York City (United States), Acquired | Online platform providing asset management solutions | - | 53/100 | |
6th | Eque2 2013, Manchester (United Kingdom), Acquired | SaaS-driven ERP software for the construction industry | - | 52/100 | |
7th | eSUB 2008, San Diego (United States), Series B | Cloud-based construction management suite solutions | $22.1M | 52/100 | |
8th | Gamut Infosystems Limited 1990, Kolkata (India), Funding Raised | Accounting and ERP management platform | - | - | 51/100 |
9th | Algorithms Software 1994, Mumbai (India), Unfunded | Cloud based ERP solution for the construction industry | - | - | 51/100 |
10th | 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.
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RapidWorks Launches Rapid Payments for Heavy Equipment Service ProvidersMiningstockeducation•Jan 19, 2026•RapidWorks
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RapidWorks Acquires CRO Software to Expand into Waste ManagementTMC•Oct 01, 2025•RapidWorks, Cro Software Solutions
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Construction Tech Leader Jim Lynch Joins RapidWorks Board of DirectorsPR Newswire•May 27, 2025•RapidWorks, Autodesk
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Rapidworks Acquires Visual Dispatch, The Market Leader In Crane Services Operations SoftwarePR Newswire•Jul 30, 2024•Visual Dispatch, RapidWorks
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Rapid Applications Group Raises Growth Equity FinancingFinSMEs•Aug 03, 2023•RapidWorks, Wavecrest Growth Partners, MassMutual Ventures
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Mobelisk Partners with Rapid Applications Group to Launch Rapid GO!, A Rugged Mobile Tablet Solution at World of Concrete 2017PR Newswire•Jan 17, 2017•Mobelisk, RapidWorks
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