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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. For context, Turner is one of the largest contractors in the U.S. Founded in 1902, it notched a reported $14.4

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Top 10 AI graduate degree programs

CIO

News & World Report ranks the best AI graduate programs at computer science schools based on surveys sent to academic officials in fall 2022 and early 2023 in chemistry, computer science, earth science, mathematics, and physics. Here are the top 10 programs that made the list that have the best AI graduate programs in the US.

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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. billion and $40.5 billion , respectively.

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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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Austin-based ICON awarded $57.2 million NASA contract for lunar construction tech

TechCrunch

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. Indeed, the agency has explicitly stated that one of the goals of its ambitious Artemis lunar program is to establish a long-term human presence on the moon.

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Constrafor, a construction procurement company, goes ‘SAFE’ route with new capital

TechCrunch

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. Its Early Pay Program assumes the risk for the subcontractor invoice, freeing up cash flow and reliance on traditional and costly lending options.

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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.