Raken Strengths, Domain Expertise, and Key Differentiators
Raken provides mobile-first technology to streamline field workflows for the construction industry. Raken's digital toolbox connects the field to the office with daily reports, time cards, toolbox talks, photo management, production tracking and more.
Raken Recent Developments
In October 2019, Raken launched Production Tracking, a better way to manage productivity in the field. By providing construction teams with an easy-to-use tool to track employee time and materials, Production Tracking helps increase profitability and ensure the project is progressing according to plan.
Raken added Equipment Management feature to their construction application. The announcement first aired in March 2020. This new Equipment Management feature can be used to track information about equipment across all projects and view it in one central location to ensure proper maintenance and avoid letting any machinery sit idle. By utilizing Raken’s newest feature, customers can further keep track of productivity while making sure they are maximizing the use of owned and rented equipment.
Raken Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Raken applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Raken and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Raken customers.
Ownership: - x
Number of Employees: 120
Key Verticals: Construction,
Raken Key Cloud and HCM Applications
Raken HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Raken Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Raken HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
Raken HCM Applications Revenues By Verticals, $M:
Raken Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
Raken Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Raken Customers - Breakdown by Geo, Size, Vertical and Product
No. of Raken Customers: 4300
No. of Raken HCM Applications Customers: x
No. of Raken Cloud HCM Customers: 4300
No. of Raken Cloud HCM Subscribers: 40000
Raken serves nearly 4,000 clients from all 50 states and 92 countries, utilized on over 350,000 projects. Among Raken customers are: Opus Mechanical, Maurice Agrillo General Contractors, Alvin H. Butz, Sundt Construction, Unified Building Group, and many others.
Raken Market Opportunities, M&A and Geo Expansions
In June 2018, Raken raised $10 million in Series A funding in a round led by prominent venture capital firm U.S. Venture Partners, with participation from new investor Tao Capital Partners, and existing investors Eniac Ventures, Rincon Venture Partners and Spider Capital. This initial round of funding will allow Raken to expand into new workflows while perfecting its top-rated daily reporting, time tracking, and field management workflows for the construction industry.
Following the funding round, Raken has introduced several recent powerful product enhancements, including Toolbox Talks, an innovative new feature that streamlines the workflow of essential jobsite safety meetings; a Spanish-language option; and offline mode.
Raken Risks and Challenges
In August 2019, Raken named three new top executives to its growing leadership team, adding Mike Bates as vice president of strategy, David Nuffer as vice president of product and Matthew York as vice president of engineering. This change in the management team could lead to a different company strategy.
Raken Ecosystem, Partners, Resellers and SI
Among Raken's Industry Partners are Pype, Stack Construction Technology, ABC: San Diego Chapter, Startup San Diego, AGC California, SDVG, ASA: San Diego Alliance, ASA, BIA: San Diego, BuiltWorlds, DBIA, and many others.
Raken Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Raken Public Cloud and Infrastructure (IaaS)
- Raken Platform (PaaS)
- Raken Application Delivery
- Raken Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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