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New project management software does more
The need for project management software, already the backbone of enterprise before the pandemic, is growing and expanding in light of widespread corporate work from home policies. No longer are such tools considered one-size-fits only: check out the following software entrants, which cater to niche industries or streamline the process of using such tools.
San Francisco-based Monograph, a startup that designs project management software specifically for architects, raised $1.9 million in a round of seed funding earlier this spring. With Monograph, users have the tools to assign and view project milestones, manage timelines, facilitate budget forecasting, and complete timesheets, billing, and invoicing, all in one easy-to-use platform. Architects and consultants have already used Monograph to manage more than $125 million of enterprise, encompassing both commercial and residential projects.
Danish startup Forecast has developed project management software that is powered by AI. Forecast’s integrated machine intelligence automates manual project management tasks and cuts down on non-billable work—think project planning, resource allocation, and filling out timesheets—by somewhere around 20-40%. Forecast also integrates with other enterprise tools like Slack, Trello, and Salesforce, and aggregates data from these external systems to ultimately synthesize indicators of overall project viability.
Clubhouse, a collaborative project management tool that streamlines and refines workflow for modern software teams, is on track to surpass one million users by next year, and raised $25 million in a Series B funding round at the start of this one. The project management software’s success can be attributed to how it bridges collaboration across high-growth enterprises, and balances simplicity with structure so that teams can plan, collaborate, and execute their work, all without the friction that might mire users of other project management suites.