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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. 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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Tangible wants to scale up construction decarbonization

TechCrunch

The round was led by early-stage construction tech investor Foundamental , and Fifty Years (which led the company’s previously undisclosed pre-seed round). “T he long-term vision is a full-stack platform for sustainable construction. Tangible today announced it has raised $3 million in seed funding.

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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

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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 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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Design and Run Experiments That Actually Progress Your Business

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Join Nick Noreña, educator, entrepreneur, and currently an Innovation Coach at Kromatic, as he walks us through how we can figure out the right experiments to run for any product or service, and in organizations of all sizes. You'll also learn a few tips and tricks for making experimentation a constructive habit for you and your team.

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Constrafor grabs $106M in equity, credit to finance construction subcontractors

TechCrunch

Large construction projects often take a long time to finish, and subcontractors can get caught up in the flow of money, waiting, in certain circumstances, up to 80 days to be paid by general contractors. Both of Ghauche’s parents were in construction, so he grew up listening to stories about the industry. on average,” Ghauche added.

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AI in Construction: Future-Proofing the Construction Industry

Openxcell

The construction industry is no stranger to this trend. The advent of AI in this industry has kickstarted a tech revolution that is all set to completely change how a building is designed, planned, and constructed. Let’s look at how AI’s power is being and can be harnessed in the construction landscape.

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The Product Symphony: Orchestrating Success with Storymapping

Speaker: Jamie Bernard - Senior Product Director at Launch by NTT Data

It serves as a catalyst to better align your entire organization, setting the stage for impactful, customer-centric product management. Storymapping emerges as an invaluable pre-investment tool, enabling smarter decision-making, more accurate resource allocation, and enhanced scope control.