TechCrunch

JUNE 29, 2021

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. Investment in construction automation is essential to rebuilding US infrastructure.

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TechCrunch

MAY 18, 2022

Construction as an industry has evolved with civilization through the ages. Construction’s digital transformation journey is only just beginning, and the sector offers a ton of space for innovation. To get a clear picture of where construction tech stands today, we spoke with five active investors in the space.

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American Entrepreneurship

NOVEMBER 21, 2023

Rapidly growing climate and construction tech startup Kind Designs gained the support of entrepreneur Mark Cuban and VC firm Anthropocene Ventures for its $5 million seed round. It is estimated that local and federal government agencies will spend nearly $400B in seawall construction.

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TechCrunch

MAY 18, 2022

While legacy sectors like transportation and energy have embraced new tech, innovation in the construction industry has been slow to take hold. Even though many large construction firms manage internal R&D units, more than a third of employees say they’re reluctant to adopt new technology. of the U.S. Its recently enacted $1.2

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TechCrunch

SEPTEMBER 26, 2022

based construction tech company that offers an artificial intelligence (AI)-powered platform to help project managers track work and capture data from building sites, has raised $16 million in funding. So it’s clear that investors are still keen on backing the next big construction industry movers and shakers. Disperse , a U.K.-based

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TechCrunch

MARCH 15, 2022

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. This year is poised to be significant for the construction industry and the technology that empowers its workforce.

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TechCrunch

AUGUST 4, 2021

One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. Lightspeed Venture Partners led the round, with participation from previous investors TLV Partners, Future Energy Ventures and Tidhar Construction Group.

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Jason Malki

AUGUST 24, 2023

Going Beyond Good Intentions: Wissam Akra’s Trailblazing Journey in Transforming the Construction Industry It’s a strange, wonderful, and sometimes scary time for industries that are impacted by the adoption of AI into their day-to-day work. Construction is no different. I’ve dedicated my life to the construction industry.

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TechCrunch

APRIL 21, 2022

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.

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TechCrunch

MARCH 23, 2022

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. Pandemics happen, people get sick — but construction, it seems, never stops.

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American Entrepreneurship

SEPTEMBER 22, 2023

(September 5, 2023) – The New Jersey Economic Development Authority (NJEDA) is now accepting applications for the Construction Inflation Fund, which will provide grants for development projects experiencing increased construction costs and funding gaps resulting from inflation caused by the COVID-19 pandemic.

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TechCrunch

SEPTEMBER 14, 2022

Kojo , a startup that aims to help construction companies in the U.S. Earlier this year, the startup rebranded to Kojo and expanded from serving just one construction trade — electrical — to eight, including mechanical, concrete, drywall, roofing, flooring, site preparation and self-perform general contractors. .

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TechCrunch

MAY 17, 2022

In the construction industry, managers can become disconnected from what’s happening on-site — particularly when dealing with pandemic-related disruptions. One study found that 85% of construction projects over the course of a 70-year period experienced cost overruns and just 25% came close to their original deadlines.

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TechCrunch

APRIL 28, 2021

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, The challenges of construction automation.

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TechCrunch

DECEMBER 3, 2020

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. With around $10 trillion currently spent on construction each year, the industry is prime for some big-ticket investments.

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TechCrunch

APRIL 24, 2023

More construction projects are being started, but payments to contractors and their subcontractors continue to cause a bottleneck in the normal course of completing a project. Constrafor grabs $106M in equity, credit to finance construction subcontractors The company raised $106.3

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TechCrunch

JUNE 15, 2021

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. Today, Bay Area-based Dusty Robotics announced a $16.5 million Series A.

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TechCrunch

MAY 20, 2022

The technological advances we’ve made over the last few thousand years are stunning, but the construction industry still relies on centuries-old technology. Even so, investors are backing startups bringing robotics, data management, automation and augmented reality into the construction process. Heinrich Gröller, partner, Speedinvest.

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TechCrunch

NOVEMBER 17, 2020

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? Construction is a massive, $1.3

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TechCrunch

NOVEMBER 1, 2021

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. The startup says it is able to do that because its technology actually automates the construction planning process.

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TechCrunch

JANUARY 19, 2021

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. The pandemic has thrown the construction industry for a loop (along with countless others). million Series A.

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TechCrunch

JULY 7, 2022

In the construction business, time is money. But with so many moving parts, it can be extremely challenging for construction companies to manage the administrative aspects of their finances. Adaptive , an 11-month-old startup that has set out to give construction teams better tools to manage their back offices, has raised $6.5

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TechCrunch

NOVEMBER 29, 2022

ICON , a construction tech company that’s raised more than $400 million in funding, has landed a new contract from NASA to develop new systems to build on the moon and Mars. million NASA contract for lunar construction tech by Aria Alamalhodaei originally published on TechCrunch. Air Force, which was partly funded by NASA.

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TechCrunch

FEBRUARY 9, 2022

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. It says a construction volume of more than $4 billion has already been processed via the platform. We call it pre-construction.”

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TechCrunch

JUNE 2, 2022

If you’ve ever had to get a construction permit, you know that the process can be very painful and time-consuming. It’s a lofty claim, but if Pulley can well, pull that off, it could be revolutionary for the construction industry, where time is very much money. Commercial construction in the U.S. million toward that effort.

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TechCrunch

FEBRUARY 24, 2022

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. “I It’s basically the slowest paying industry in the world,” Lin said.

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TechCrunch

JULY 20, 2021

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. This is the argument of Brokrete , which bills itself as the “Shopify of construction.”.

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TechCrunch

MAY 20, 2021

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

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TechCrunch

FEBRUARY 1, 2022

When it comes to construction projects, any type of delay can result in increased costs both for the contractor and their customer. It is also interesting that Tiger Global is a co-lead as it is yet another example of the investment giant backing a construction tech company — a growing area of interest for the firm.

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TechCrunch

MARCH 24, 2021

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

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TechCrunch

JUNE 7, 2021

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. Briq CEO and co-founder Bassem Hamdy is a former executive at construction tech giant Procore (which recently went public and has a market cap of $10.4

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TechCrunch

OCTOBER 22, 2020

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. Photo via WoHo. million in seed capital.

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TechCrunch

DECEMBER 23, 2021

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. Ambar is not a general contractor, though.

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TechCrunch

OCTOBER 26, 2021

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 CEO Mallorie Brodie and COO Lauren Lake founded Bridgit in late 2012 with the mission of helping construction companies maximize profits “by taking a people-first approach.

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TechCrunch

SEPTEMBER 2, 2021

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. On the subject of price, Levine thinks that the construction insurance market is suffering at the moment.

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TechCrunch

AUGUST 19, 2021

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. The former involves a set of 26 different robotic arm attachments to assist with the construction.

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TechCrunch

MARCH 2, 2021

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

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