Wednesday, July 11, 2018

Cosential Gets $35M For Construction Software

Austin-based Cosential, a developer of customer relationship management (CRM) and proposal automation software for the architecture and engineering market, said on Wednesday that it has raised $34M in a funding round. The strategic growth investment came from private equity investor JMI Equity. According to Cosential, the new funds go towards market development, corporate infrastructure, and product innovation. Cosential's founder an CEO is Dan Cornish. JMI Equity's General Partner, Bob Nye, join's Cosential's board of directors as part of the funding.