Formwork Labs aims to build ‘the YC of construction tech’

TechCrunch

Construction tech is one of those sectors that has not historically been considered “sexy” in a startup world that often favors glitzier technology. But construction fuels the commercial and real estate industries, which in turn impacts all of us in one way or another.

AI-powered construction management platform Buildots lands $60M

TechCrunch

In the construction industry, managers can become disconnected from what’s happening on-site — particularly when dealing with pandemic-related disruptions. Buildots analyzes project schedules, designs, and other data to generate a model of an active construction site.

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OMERS Ventures, Turner Construction team up to build the construction tech startup of their dreams

TechCrunch

OMERS Ventures’ Principal Michelle Killoran has long been looking for a construction tech startup to invest in. Meanwhile, Jim Barrett, chief innovation officer at Turner Construction, was facing a similar challenge. Couple that with the fact that the construction industry is complex.”.

Rugged’s construction layout robots land $9.4M

TechCrunch

The Houston-based startup developed a robot that prints building layouts on the floor of construction sites, so workers know where — and where not — to build. Now, it seems, construction is a prime target for robotics. Layout is the beachhead for construction automation.

Construct Capital’s $300M fund targets critical infrastructure automation

TechCrunch

Construct Capital co-founders and general partners Dayna Grayson and Rachel Holt continue to dive into innovation that some investors may not think is so sexy, but actually runs behind the scenes so that our food gets to grocery stores every week and our packages arrive when they say they will.

Construction robotics company Toggle raises $8M

TechCrunch

New York-based construction startup Toggle this morning announced that it has raised an $8 million Series A. Construction startups have also begun to heat up. Toggle automates an entirely different part of the construction process.

Buildots raises $30M to put eyes on construction sites

TechCrunch

One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. Project managers can then make better decisions to speed up construction. “It We are also sitting on piles of data from construction sites.

Infrastructure bill could promote lean construction via data capture

TechCrunch

Meirav Oren is the co-founder and CEO of Versatile , a construction technology startup using AI and IoT to help construction professionals in making data-driven decisions to support job site safety and productivity. Meirav Oren. Contributor. Share on Twitter.

Construction robotics firm Dusty raises $16.5M

TechCrunch

It certainly follows then that some leading construction robotics companies are able to strike while the iron is hot with some healthy raises. The startup’s first product is the Field Printer, a robot that prints out plans on the floor of construction sites.

Drone-focused construction startup TraceAir raises $3.5M

TechCrunch

Bay Area-based construction startup TraceAir today announced a $3.5 We first noted the company back in 2016 , when it pitched a method for using drones to spot construction errors before they become too expense. Construction startup Scaled Robotics raises a €2M seed round.

Mosaic raises $44M to automate the construction planning process

TechCrunch

Mosaic Building Group , a Phoenix, Arizona-based construction tech startup, has raised $44 million in a Series B funding round led by Peak State Ventures. To make residential construction more scalable. Construction tech startups are poised to shake up a $1.3-trillion-dollar industry.

Investment in construction automation is essential to rebuilding US infrastructure

TechCrunch

While the Biden administration’s plan will certainly expand the workforce, it also provides a massive opportunity for the adoption of automation technologies within the construction industry. Between 1985 and 2015 , the average age of construction workers increased from 36 to 42.5,

German construction tech startup Cosuno raises $30M Series B by Avenir Growth

TechCrunch

Germany-based construction tech startup Cosuno has raised a $30 million Series B led by U.S. Construction is one of the largest industries in the world but amongst the least open to new technology. We call it pre-construction.”

Tiger Global leads $30M investment into Briq, a fintech for the construction industry

TechCrunch

Briq , which has developed a fintech platform used by the construction industry, has raised $30 million in a Series B funding round led by Tiger Global Management. Currently, Briq manages or forecasts about $30 billion in construction volume.

Hong Kong-based viAct raises $2M for its automated construction monitoring platform

TechCrunch

Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app. Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe.

Construction tech startup Agora raises $33M in Tiger Global-led round amid 760% YoY ARR growth

TechCrunch

Construction tech is one of those sectors that has not historically been considered “sexy” in a startup world that often favors glitzier technology. But construction fuels the commercial and real estate industries, which in turn impacts all of us in one way or another.

Construction tech startup RenoRun lands $142M in Tiger Global-led Series B

TechCrunch

When it comes to construction projects, any type of delay can result in increased costs both for the contractor and their customer. O’Rourke came up with the idea for RenoRun after working for two decades in the construction industry in Ireland, Australia and eventually Canada.

Construction tech upstart Assignar adds a Fifth Wall with $20M Series B

TechCrunch

Construction technology may not be the sexiest of industries, but it is one where tremendous opportunity lies — considering it has historically lagged in productivity. Construction tech startups are poised to shake up a $1.3-trillion-dollar industry.

With $36 million Series C, Brazil’s Ambar hopes to make civil construction more efficient

TechCrunch

Brazilian construction tech startup Ambar announced it has raised a large Series C round: R$204 million, approximately $36 million at today’s mid-market rate. Ambar was created in 2013 with the ambition to leverage technology to make the civil construction process more efficient.

ICON lands $207M Series B to construct more 3D-printed homes after seeing 400% YoY revenue growth

TechCrunch

Developing construction systems to create infrastructure and habitats on the moon, and eventually Mars, with NASA. These are just some of the things that Austin, Texas-based construction tech startup ICON has been working on. Despite the hype, construction tech will be hard to disrupt.

Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. Amidst the chaos, construction firms faced an existential question: How will they survive? Allison Xu.

Bridgit secures $24M CAD in funding to provide construction companies with ‘workforce intelligence’

TechCrunch

Bridgit , a “workforce intelligence” technology company that is focused on the construction industry, announced today that it has raised CAD$24 million, or about US$19.4 Built for construction workforce planning, cloud-based Bench has become Bridgit’s flagship offering.

Diamond Age raises $8M to speed up home construction with 3D printing and robot arms

TechCrunch

The seed round is led by Prime Movers Lab and Alpaca VC and features a slew of additional firms, including Dolby Family Ventures, Calm Ventures, Gaingels, Towerview Ventures, GFA Venture Partners and Suffolk Construction.

Y Combinator-backed CostCertified lands $8.45M to build the ‘Amazon for construction’

TechCrunch

CostCertified , a Canadian startup which provides real-time, interactive residential construction estimates, raised $8.45 Put simply, CostCertified today is a price configurator tool for construction, but the Calgary, Alberta-based company’s end goal is to build the “Amazon for construction.”

Gloria Lin thinks construction needs to ‘catch the wave of fintech’

TechCrunch

The challenges her father faced as a business owner in the construction industry always stayed in the back of her mind, so when Lin got the entrepreneurial itch, it was a natural move to help start a company that helped trade contractors better control their finances. Construction is one of those large industries that impacts how we all live, but it really hasn’t caught the wave of fintech and cloud computing, and generally hasn’t been as digitized as other sectors.”.

Dusty’s construction robots raise another $45M

TechCrunch

Dusty operates in the construction space, specifically, which has been an area of increased focus for automation proponents. Dusty says its tech is capable of reducing construction time and costly errors introduced into the process through manual transcription.

AI construction startup Versatile raises a $20M Series A

TechCrunch

San Francisco-based construction startup Versatile is announcing today that it has raised a $20 million Series A. From that vantage point, it’s capable of capturing and analyzing data across the construction site.

Conviction, Diversification, and Portfolio Construction

Haystack

There are countless posts on portfolio construction, or how many investments are ideal in a venture portfolio, and so forth. What I do is that the topic of VC fund portfolio construction is not an easy way to grasp, and is likely even harder to master in practice. So, we have this portfolio construction tension between concentrating money into the best companies in a portfolio versus protecting the GP and LPs via diversification.

SkyMul’s drones secure rebar on the fly to speed up construction

TechCrunch

There are many jobs in the construction industry that fall under the “dull, dirty, and dangerous” category said to be ripe for automation — but only a few can actually be taken on with today’s technology. Drone-focused construction startup TraceAir raises $3.5M.

Eano’s Stella Wu is not your typical construction tech startup founder

TechCrunch

Construction tech startups are poised to shake up a $1.3-trillion-dollar industry. We love Eano’s mission — combining a similar product sourcing strategy as Wish with technology to bring a better experience to all constituents in the antiquated construction industry.”.

Brokrete wants to be the ‘Shopify of construction’, raises $3M seed led by Xploration Capital

TechCrunch

With the pandemic affecting every aspect of life and industry, it’s no surprise that digitization is coming to construction fast. Construction suppliers are increasingly under the same pressure as other sectors to perform at a higher level.

Foresight raises $15M for its construction workers’ compensation platform

TechCrunch

When an accident on a building site resulted in the death of their friend, the founders of Safesight were inspired to launch the platform to digitize safety programs for construction.

Providing Constructive Feedback

Entrepreneurs' Organization

Often we see managers avoiding crucial conversations or giving constructive feedback. Sometimes it may feel better to just ignore the situation, hoping that it will go away, instead of addressing the situation appropriately and constructively. This article was originally published on K.

Shepherd raises $6.2M seed round to tackle the construction insurance market

TechCrunch

Shepherd , an insurtech startup focused on the construction market, has closed a $6.15 For Shepherd, the construction market is its target, an industry that it intends to carve into starting with excess liability coverage.

WoHo wants to make constructing buildings fast, flexible and green with reusable “components”

TechCrunch

Yet how we conceive buildings, architect them for their uses, and ultimately construct them on a site has changed remarkably little over the past few decades. Housing and building costs continue to rise, and there remains a slow linear process from conception to construction for most projects.