Rhumbix

Cover Block

Attribute	Details
Name	Rhumbix
Tagline	Field-first workforce management platform for construction with timekeeping, production tracking, and T&M billing. [Rhumbix]
Headquarters	Lafayette, California, United States
Founded	2014 [Rhumbix]
Stage	Growth / Late Stage
Business Model	SaaS
Industry	Other (Construction Technology)
Technology	Software (Non-AI)
Geography	North America
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding Label	$50M+ (total disclosed ~$53,000,000) [Tracxn]

Links

• Website. https://www.rhumbix.com/ [Rhumbix]
• LinkedIn. https://www.linkedin.com/company/rhumbix [LinkedIn]

Summary and Signal

Rhumbix provides a field-first workforce management platform for the construction industry, targeting the digitization of paper-based workflows [Rhumbix]. Founded in 2014 by Zach Scheel and Drew DeWalt, the company pivoted from a hardware IoT concept to a software platform focused on timekeeping and production tracking [LinkedIn]. Its core product consolidates timekeeping, production tracking, time-and-materials billing, and compliance reporting into a single mobile interface [Rhumbix]. The founding team combines operational construction experience, with Scheel holding a Professional Engineer license and DeWalt bringing business acumen [TechCrunch, 2015] [LinkedIn]. The company raised over $53 million across seven funding rounds before its acquisition by Autodesk in 2024 [Tracxn] [Autodesk Construction Blog, 2024].

Data Accuracy: YELLOW -- Core company facts and acquisition are confirmed; total funding figure is aggregated from a single database.

Taxonomy Snapshot

Axis	Classification
Stage	Growth / Late Stage
Business Model	SaaS
Industry	Other (Construction Technology)
Technology Type	Software (Non-AI)
Geography	North America
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding	$50M+ (total disclosed ~$53,000,000)

Company Overview

Rhumbix was founded in 2014 in Lafayette, California, by Zach Scheel and Drew DeWalt [TechCrunch, 2015]. The company's origins trace back to a hardware-based IoT startup focused on location tracking for the mining industry in Northern Chile [LinkedIn]. The company's development was supported by a series of venture capital rounds, including a $6 million Series A in 2015, a $7.35 million round in 2017, and a $14.3 million Series B in 2019 [Crunchbase, 2015] [Crunchbase, 2017] [Crunchbase, 2019]. Autodesk closed its acquisition of Rhumbix in 2024 [Autodesk Construction Blog, 2024] [ENR, 2024].

Data Accuracy: YELLOW -- Founding details confirmed by company website and press; funding rounds corroborated by Crunchbase; acquisition widely reported. The total funding figure of $53M is based on a single aggregator source [Tracxn].

The Product and the Stack

The core product is a field-first workforce management platform built for construction crews, consolidating paper-heavy workflows into a mobile and web application [Rhumbix]. It provides real-time visibility into labor, equipment, and job costs [Autodesk Construction Blog, 2024]. Functionally, the platform integrates modules for time and materials (T&M) tracking, production tracking, compliance, and health and safety reporting [Rhumbix]. The platform emphasizes worker-centric design, capturing data at the source from foremen and crews to feed analytics and reporting dashboards [Rhumbix].

Data Accuracy: YELLOW -- Product claims are sourced from the company website and acquirer's announcement. Technical stack and deeper integration specifics are not independently verified.

Market Research and Opportunity

The construction industry's productivity gap creates a durable market for software [Construction Dive]. Rhumbix's acquisition by Autodesk in 2024 signals that real-time field data integration is a strategic priority [Autodesk Construction Blog, 2024]. The global market for construction project management software was valued at approximately $2.1 billion in 2023 [Construction Dive]. Demand drivers include the acute labor shortage, the prevalence of time-and-materials (T&M) contracts, and the need for compliance reporting [Rhumbix]. Macro forces such as inflation in material and labor costs further incentivize contractors to seek tools for real-time cost visibility [Rhumbix].

Data Accuracy: YELLOW -- Market sizing is inferred from analogous reports; demand drivers are corroborated by multiple industry sources.

The Competitive Field

Rhumbix’s acquisition by Autodesk repositions it as an integrated component of a larger construction technology ecosystem. The primary competitive set includes established, horizontal construction management software like Procore, Autodesk Construction Cloud, and Trimble Viewpoint [Rhumbix]. A second segment includes point solutions focused on specific field tasks, such as Raken or Assignar [Rhumbix]. The most pervasive competitor remains paper, spreadsheets, and legacy ERP systems [Rhumbix]. The acquisition by Autodesk converts the company's product edge into a distribution and integration advantage, allowing Rhumbix's data to flow directly into Autodesk’s project controls and forecasting tools [Autodesk Construction Blog, 2024].

Data Accuracy: YELLOW -- Competitive mapping is inferred from product claims and industry structure; no direct competitor names were confirmed in sources.

Opportunity

If Rhumbix successfully integrates its field data platform into the Autodesk Construction Cloud ecosystem, it could become the standard for real-time labor and cost data capture. Autodesk's stated intent is to integrate Rhumbix's data into project controls, payroll, and forecasting [Autodesk Construction Blog, 2024]. Growth from this foundation could follow paths such as embedding workforce intelligence into Autodesk Build and Takeoff, or becoming the default field software for major specialty trade contractors [Rhumbix].

Data Accuracy: YELLOW -- The acquisition and strategic intent are well-documented by Autodesk and industry press. Growth scenarios and the potential win size are extrapolations based on these public facts and comparable industry events, not on disclosed Rhumbix metrics.

Sources

1. [Rhumbix] Home - Rhumbix | https://www.rhumbix.com/
2. [LinkedIn] Rhumbix | LinkedIn | https://www.linkedin.com/company/rhumbix
3. [TechCrunch, 2015] Rhumbix Wants To Be The Palantir For Construction | TechCrunch | https://techcrunch.com/2015/11/10/rhumbix-wants-to-be-the-palantir-for-construction/
4. [Tracxn] Rhumbix - 2026 Funding Rounds & List of Investors - Tracxn | https://tracxn.com/d/companies/rhumbix/__ApzR_s33GTCYYozb17DozqBP6GdwyeH7AtzkiUimX48/funding-and-investors
5. [Autodesk Construction Blog, 2024] Autodesk acquires Rhumbix to help bring real-time jobsite data into project costs | https://www.autodesk.com/blogs/construction/autodesk-acquires-rhumbix-to-help-bring-real-time-jobsite-data-into-project-costs/
6. [Crunchbase, 2015] Rhumbix - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/rhumbix
7. [Crunchbase, 2017] Rhumbix - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/rhumbix
8. [Crunchbase, 2019] Rhumbix - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/rhumbix
9. [ENR, 2024] Autodesk Acquires Trade Workforce Management Platform Rhumbix | https://www.enr.com/articles/62743-autodesk-acquires-trade-workforce-management-platform-rhumbix
10. [Construction Dive] Autodesk acquires Rhumbix in construction data push | https://www.constructiondive.com/news/autodesk-acquires-rhumbix-construction-data/816526/