YC Alum/Construction Disruptor PlanGrid Nails $1.1M Seed Funding From Box, 500 Startups, And More

One more Y Combinator startup from the March 2012 class has bagged a seed round of funding. PlanGrid, which has created a groundbreaking app for the construction industry, has raised $1.1 million from a notable list of backers. They include?Suleman Ali, founder and CEO of TinyCo; Sam Altman, founder of Loopt; Paul Buchheit, the creator of Gmail; Matt Cutts, the head of Google?s Webspam team, and Ray Levitt, Director of Stanford University?s Construction Engineering department; 500 Startups; and Y Combinator itself. Plus, here's a twist: the funding marks the first investment in a startup (outside of acquisitions) by the cloud-services company Box, as part of its /bin Box Innovation Network initiative.

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