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Tag: ConTech


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9 of the top contech deals of 2023

February 21, 2024

Via: Construction Dive

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 […]


Construction Techniques

Contech funding plummets in 2023, despite more deals

January 31, 2024

Via: Construction Dive

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 […]


Construction Techniques

Contech surpasses $30B in total venture funding

November 15, 2023

Via: Construction Dive

“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. […]


Construction Techniques

ConTech Conversations: It’s okay to be a fast follower

October 4, 2023

Via: Construction Dive

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 […]


Construction Techniques

Contech firms feel the sting of tech industry woes

July 24, 2023

Via: Construction Dive

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 […]


Construction Techniques

4 strategies for contech success

June 12, 2023

Via: Construction Dive

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 […]


Construction Techniques

Despite $50B of investment, contech is being held back by its fragmented customer base

June 7, 2023

Via: Construction Dive

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 […]


Construction Techniques

ConTech Conversations: Why ChatGPT wants contractors to try AI

May 24, 2023

Via: Construction Dive

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 […]


Construction Techniques

Drones, other contech poised for takeoff in NYC

March 22, 2023

Via: Construction Dive

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 […]


News

Contech firm Built Robotics acquires Roin, eyes expansion

February 1, 2023

Via: Construction Dive

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 […]


Construction Techniques

6 industry-changing contech innovations from Time magazine’s Best Inventions list

December 20, 2022

Via: Construction Dive

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 […]


Construction Techniques

ConTech Conversations: DPR robotics lead on leveraging tech to solve problems

September 28, 2022

Via: Construction Dive

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. […]


Construction Techniques

Contech leaders say convergence is driving a construction industry renaissance

July 11, 2022

Via: Construction Dive

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 […]


Construction Techniques

The IIJA sets aside $100M for contech. When will it arrive?

May 18, 2022

Via: Construction Dive

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 […]


Construction Techniques

ConTech Conversations: For young industry pros, ‘ask for what you need’

May 11, 2022

Via: Construction Dive

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 […]


Construction Techniques

ConTech Conversations: Procore CEO on IPO, construction’s tech reputation

September 8, 2021

Via: Construction Dive

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 […]