PHOENIX, AZ, March 2, 2021 (GLOBE NEWSWIRE) – Mosaic, a venture capital backed construction technology company, today announced the hiring of Mervin Singson as its first ever Chief Financial Officer (CFO). Singson brings over 20 years of financial and operational experience with public and private builders. As Mosaic’s CFO, he will play a key role in ensuring the Arizona-based company is effectively managing its current $ 350 million construction project pipeline and expanding the company’s operations regionally. “Mosaic’s building technology is unique in supporting and enhancing the housing industry,” said Mervin Singson. “With an impressive team, an innovative product and business model, and strong financial backing, we are well equipped for unprecedented growth in the entire construction industry. I am excited to bring my experience and be part of the story of Mosaic. “Mosaic provides construction and related services to builders and enables builders to outsource their construction management needs to Mosaic’s integrated technology platform. Builders can choose to use Mosaic as a Their general use contractors, rather than having an in-house operation and avoiding the hassle of building, allowing them to focus on land purchase, sales and marketing, and architecture. Mosaic’s technology is one tightly integrated construction management software platform called MosaicOS, which handles the various data sources and tailor-made work processes in residential construction, i.e. the fundamental chaos of high-volume residential construction: Your process converts standard construction drawings into digital twin models that can be used to optimize field work, and translates the mod Then use algorithms to automatically generate site-specific instructions for workers, control files for automation, and data for quality control and reporting. The platform also optimizes planning, billing, monitoring and redlining workflows to improve construction throughput with minimal required changes to construction drawings, engineering drawings, city permits or building materials. In March 2020, Mosaic raised $ 14.25 million in Series A funding led by Silicon Valley VC giant Andreessen Horowitz, aka a16z, and also counts notable angels like Eric Wu (founder of Opendoor) and Reid Hoffman (founder of Linkedin) as before investors. Later that month, the company announced a $ 100 million strategic agreement with Mandalay Homes that will allow Mosaic to integrate into Mandalay’s residential development pipeline. “We are fortunate that Mervin’s strong financial literacy and home-building experience can support Mosaic’s significant growth,” said Salman Ahmad, CEO of Mosaic. “He will be instrumental in our geographic expansion into a number of housing markets that are experiencing rapid population growth and needing more housing as soon as possible.” Prior to joining Mosaic, Singson was CFO of B2R Partners, a joint venture between TPG Capital, Toll Brothers, and BB Living Management, which focuses on build-to-rent homes. Previously, he was VP of Corporate Finance at AV Homes. A licensed accountant, Singson earned a bachelor’s degree in business administration from the Stephen M. Ross School of Business at the University of Michigan. Mosaic’s growing team brings together construction, technology, real estate development, academic and business expertise. Members of the Mosaic team come from Google, Microsoft, Palantir, MIT, Harvard and Stanford and bring the performance of the software to the design. Since 2017, they have been providing construction management and related services for over 150 homes to property developers and home builders in Arizona. About Mosaic Mosaic is a construction technology company that creates software to make home construction more scalable. The company acts as a general contractor to provide construction and related services to builders so that builders can outsource their construction management needs to Mosaic’s integrated platform. Mosaic’s platform standardizes the house building process, not the houses, so they can create places that people love and create better communities. Learn more about how Mosaic builds better at www.mosaic.us and follow @mosaicbuilders on Twitter, LinkedIn, Facebook and Instagram. ### Mosaic_Headshot_Mervin Jasper from Mandalay Homes
[ad_2]
