Brittany Wuori, COO/co-founder | Bryce Wuori, CEO/co-founder
Step into the fascinating world of Pavewise, an upand-coming asphalt software startup that’s on the path to success! In this monthly feature, we’ll be right there alongside Pavewise, cheering them on as they grow and face various challenges.
From their victories to the obstacles they encounter, we’ll witness it all. Get ready to be inspired by their journey as they strive to make a difference in the asphalt industry.
Join us as we hear from the Pavewise team and how they navigate their way to the top!
The parametric insurance market is on a dynamic trajectory, skyrocketing to a $14.8 billion valuation in 2023 and poised to grow by over 11.5% annually through 2032. This surge is more than just numbers—it’s a testament to how innovation is reshaping the industry. With the integration of cutting-edge technologies like IoT, AI, and ML, parametric products are becoming smarter and more efficient, harnessing real-time data to deliver unparalleled accuracy. By offering quick, predetermined payouts based on specific triggers like weather events, parametric insurance not only ensures faster financial recovery but also stands as a game-changer in navigating today’s unpredictable risk landscape.
Our product, GroundTruth, is perfectly positioned in this technology landscape. By logging precise weather data and serving as a robust compliance tool, GroundTruth complements the capabilities of parametric insurance, ensuring that our clients have the most reliable data to back their claims and manage risk effectively.
Pavewise offers powerful solutions designed to optimize construction operations through its two key products: PavewisePro and GroundTruth.
PavewisePro is a web-based software that maximizes productivity and improves project quality, resulting in increased incentives and profits for paving contractors. By efficiently managing variables such as weather, project specifications, and equipment operations, PavewisePro integrates paving solutions to develop a strategy for success on every project.
GroundTruth is the first ever construction grade weather technology built to automate project compliance, collect and journal nearly 100% accurate conditions, and mitigate the risks of weather on any construction project with certified, on site data. In 2024, Pavewise has successfully assisted in managing over $1 billion dollars in construction projects across multiple states with the use of PavewisePro and GroundTruth software.
Help Wanted/Asks
- Always looking for connections with state DOTs and Infrastructure Agencies.
- Looking to connect with any paving, concrete, dirt contractors or asphalt professionals.
- We are looking for a Marketing Intern to assist with Social Media and other Marketing tasks. If you have a referral or recommendation, please contact Brittany at [email protected].
Recent Highlights
- We’ve landed our biggest client yet, Texas Materials, and cannot wait to begin this exciting partnership. We have deployed systems and have started collecting data for their Austin, Houston, and San Antonio locations. More to come!
- Bryce was a key speaker at the BuiltWorlds Analyst Call where he discussed the impact of technology on the future of infrastructure and construction.
- Pavewise interviewed with Creative Destruction Lab (CDL) to go over how our technology fits in with the insurance industry. Joining the CDL-Wisconsin Risk program offers Pavewise expert mentorship, networking, and investment opportunities, while aligning with its focus on reducing construction risk through data-driven solutions like GroundTruth.
- We received our official patent for one of our systems and filed a new patent for our gauge plus integration.
- Bryce embarked on a significant tour, covering 4,200 miles (12 states) on his way to Texas and back, building relationships with over 20 clients/partners and deploying multiple units for new customers.
- TechND awarded Pavewise their prestigious Premier Tech Business award for outstanding advancements in the North Dakota tech sector.
- Bryce has meetings scheduled with contractors across several regions in September, including projects in Florida, Georgia, South Carolina, and North Carolina. One of the projects is a large-scale development in the Tampa area.
- Bryce was invited to join the FLDOT Innovation and Automation Committee with GroundTruth to assist in creating a plan for automating their statewide rainfall and weather tracking process.
- We are currently in discussions with a handful of Construction Insurance Providers interested in performing pilot projects with our systems to act as the policy “inspector” for high-value policies with large amounts of project risk.
- We have developed ROI calculators to assist in the conversion process from paid demos to full subscription customers. We hope this will expedite the conversion process.
Recent Lowlights
- Converting pilots to paid subscriptions during construction season is a slow process.
- Customers are struggling to understand the full value of our pricing model without running the technology for a full season or project lifecycle.
- Pricing model disco.
The Product
New Features/Updates:
- Weather Data Tab Chart Information: Visualize and analyze weather data with new chart features for better decision-making.
- User Notification Feed: Stay updated with real-time notifications about project updates and alerts.
- GroundTruth & PavewisePro Feature Split: Separate features for GroundTruth and PavewisePro to suit specific project needs.
- Multi-Company Feature: Manage projects across multiple companies within Pavewise for seamless collaboration.
Updates:
- New Future Radar + Increased Accuracy: Improved radar for more accurate future weather predictions.
- Display Battery Information on Devices: Monitor the battery status of connected devices to avoid downtime.
Upcoming Events
- Bryce is presenting on paving technologies at the ISIC in Florida this September.
- Prairie Capital Summit in October.
- DirtWorld in San Antonio, Texas in November.
Press
- The Talking to Cool People w/ Jason Frazell featured Bryce on their weekly podcast dedicated to unearthing great people’s great stories.
Kudos
Thank you to the Premier Technology Business Committee for selecting us as recipients of the NDTech award and to the Greater ND Chamber for the nomination! Thank you Fargo Patent and Law for all the patent work this past month.
Thank you to the ND Suicide Prevention Coalition Conference for having Bryce as a speaker at their 7th Annual event to speak on behalf of Suicide Prevention in the Construction Industry.
Cherry,
Brittany Wuori, COO & Bryce Wuori, CEO
Pavewise
pavewisepro.com
[email protected]
Linkedin | /company/pavewise
App | app.pavewisepro.com