Digital design-build company Prescient has received a $90 million financing commitment from Eldridge, a holding company with businesses across finance, technology, real estate and entertainment.

Prescient leverages off-site manufacturing to help developers and general contractors create multifamily and hospitality projects more quickly and with less expense, according to the firm.The types of construction that are best suited for Prescient’s business model are ideally large buildings with repeatable unit designs, chief marketing officer Rich Pond told Construction Dive.

The company’s involvement in projects begins at the conceptual stage, he added, “so we can influence or manage the design and engineering of the building prior to manufacturing and installation.”CEO Magued Eldaief told Construction Dive that the firm is different from other modular building companies because it is focused on the superstructure of a building.

 

 

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