article thumbnail

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.”. billion in revenue in 2020.

article thumbnail

Investors discuss how labor shortage is shaking up the construction tech stack

TechCrunch

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction insurance company Billy raises additional $2.5 million

TechCrunch

Construction insurance company Billy announced today the closing of an additional $2.5 Gutsa combined his background in construction product management with Robbins’ decade of experience running a construction business to launch Billy, which digitizes and streamlines the construction compliance management process.

article thumbnail

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.

article thumbnail

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

article thumbnail

Going Beyond Good Intentions: Wissam Akra’s Trailblazing Journey in Transforming the Construction…

Jason Malki

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.

article thumbnail

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, The challenges of construction automation.