Tag: ConTech

July 5, 2024

The investment firm puts money toward companies across the design and build lifecycle, Adam Bridgman, Ironspring’s co-founder, told Construction Dive in an email. The VC is particularly focused on automation solutions for commercial, industrial and infrastructure construction. “These are complex, […]

May 15, 2024

The saying goes April showers bring May flowers, and so far this spring, contech firms announced they’ve been showered with cash. Firms that specialize in green materials, recycling and artificial intelligence-based inspections reeled in cash, as the industry continues to […]

February 21, 2024

Despite a slight uptick in the number of deals, funding for construction technology startups took a huge blow, dropping to $3 billion last year from $5.4 billion in 2022, or 44%, according to a report from Cemex Ventures, the VC […]

January 31, 2024

Cemex broke down 2023’s contech funding totals into four categories: Green Construction: Processes, products and services that offset construction’s negative environmental impacts raised $1.06 billion in 2023. Enhanced Productivity: Digital solutions aimed to increase efficiency through technical, data-driven solutions pulled […]

November 15, 2023

“Construction tech actually outperforms, as an asset class, the entire venture market,” said Patric Hellermann, general partner at Foundamental, in a video accompanying the firm’s blog post. “So it’s not driven by a general ‘rising tides lifts all boats’ logic. […]

October 4, 2023

Jit Kee Chin doesn’t need the fanciest car on the lot, as long as she can get to work each morning. Chin is the chief data officer for Boston-based builder Suffolk, and she’s also the co-founder of Suffolk Technologies, the […]

July 24, 2023

This year, a combination of a broader uncertain economy — brought on by the Covid-19 pandemic and the Russian invasion of Ukraine — and a flash-in-the-pan crisis triggered by the collapse of Silicon Valley Bank in March have battered contech […]

June 12, 2023

There is plenty of opportunity for contech firms, as $50 billion in investment since the pandemic shows. But a recent report from global consultancy McKinsey also found that the fragmented nature of construction is holding back potential for increased productivity […]

June 7, 2023

The report found that the contech market is maturing, with $11.5 billion of late-stage venture capital entering the space between 2020 and 2022, more than triple the amount from the previous three years. Meanwhile, mergers and acquisitions have also taken […]

May 24, 2023

ChatGPT, OpenAI’s much talked-about language model, has a lot to say about the construction industry — specifically, its adoption of tech and artificial intelligence. The program generates responses in a conversational way via the massive amounts of information on the […]

March 22, 2023

Contech adoption continues to surge in the construction industry, with a specific focus on drones and automation, according to panelists at the 2023 New York Build Conference. For example, proposed legislation could soon permit drones to assist the Department of […]

February 1, 2023

San Francisco-based Built Robotics announced the acquisition of Roin Technologies on Jan. 24, paving the way for the company’s expansion beyond excavation into other areas primed for automation on jobsites. Built Robotics is the creator of the Exosystem, an aftermarket […]

December 20, 2022

Holograms of buildings that can be viewed via augmented reality headsets, drones that can be controlled from a joystick on a tablet and forklifts that can be operated from thousands of miles away are just a few of the innovations […]

September 28, 2022

Henning Roedel, DPR’s robotics lead, is an advocate for the use of tech on construction sites. Through his studies at Stanford University, Roedel got involved with Scandinavian general contractor Veidekke Entreprenad AB, via the university’s Center for Integrated Facility Engineering. […]

July 11, 2022

In the building industry, convergence is a blurring of lines between technology, process and sectors such as architecture, manufacturing and entertainment. The goal? Finding better ways to design, build and make space. “Architects and builders are looking to manufacturing to […]

May 18, 2022

Nestled in the $1.2 trillion Infrastructure Investment and Jobs Act among the hundreds of billions dedicated to road improvements, dam repairs, clean energy credits and more is a relatively small sum of money — $100 million — dedicated to construction […]

May 11, 2022

Jim Lynch, it’s safe to say, has seen a lot. The senior vice president and general manager of Autodesk Construction Solutions, Lynch has seen a lot of contech trends evolve in his 25 years in the industry, from automation and […]

September 8, 2021

Though the pandemic compelled Procore to delay its plans, the company’s initial public offering went through in May, and the construction tech provider has successfully gone public. Like other companies, the pandemic forced Procore to shelve expectations, and focus on […]