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Latest & Hot Topics In Construction Tech

las vegas photo Courtesy of Hard Rock International

June 18, 24

Data centers, retail lead construction planning

The Dodge Momentum Index, a benchmark that measures nonresidential construction planning, increased 2.7% in May.

ecoLocked team in its production plant -May 2024; Photo credits to Audacious Studios

June 17, 24

ecoLocked, a Berlin startup, raised €3.9m in seed funding

They develop carbon negative building materials which permanently store carbon in the built environment. Their first product line eLM Zero is an admix material enabling carbon neutral concrete.

Crafthunt, Europe's top construction jobs platform, lands €3 million to tackle worker shortage

June 14, 24

Crafthunt, Europe's top construction jobs platform, lands €3 million to tackle worker shortage

They provide a specialized recruitment company for the construction industry which enables the rapid procurement and coordination of skilled workers by using a matching algorithm to offer jobs to candidates with the required skills and experiences.

european union flag

June 13, 24

EU pledges €10 billion to develop transportation infrastructure in Central Asia.

This is part of the EU Global Gateway strategy. Central Asia needs €18.5B for 33 infrastructure projects to boost TITR’s capacity from 6m to 26m tons by 2040.

byd logo

June 12, 24

BYD's new powertrain allows EVs to travel from New York to Miami on one charge

Priced under $13,800, it reduces the need for charging infrastructure. Biden’s 100% tariffs on Chinese EVs, to support the local sector could boost the manufacturing construction sector.

airbus logo blue

June 11, 24

Airbus, BMW among firms to receive €1.4 billion for hydrogen projects in Europe

The plan dubbed ‘Important Project of Common European Interest’ is expected to unlock an additional 3.3 billion euros in private investments.

Image Credits: MONEY SHARMA / AFP / Getty Images

June 10, 24

Infra.Market, an Indian startup, raised $50m in funding

They offer a one stop shop for construction materials and products marketplace combining an asset-light procurement and distribution network with a curated supply chain of manufacturers.

smartpm gantt

June 7, 24

SmartPM, an Atlanta startup, raised $5.5m in Series A funding led by Building Ventures and joined by GS Futures

They provide a schedule control software which applies AI and critical path method scheduling tools to help engineers understand the ‘the current situation’ and focus on ‘the next steps.’

lendlease

June 6, 24

Lendlease will exit international construction and development in the next 3 years to focus on the domestic market

The company plans to sell or wind down over $4B in overseas projects, mainly in the US and UK, and sell its US east coast construction business to Consigli.

european union flag

June 5, 24

The EU has enacted the Net Zero Industry Act to boost local clean tech production

It aims for the EU to produce 40% of its solar panels, wind turbines, and heat pumps by 2030 and achieve 15% of global production by 2040. The act simplifies project approvals and emphasizes sustainability in public procurement.

A sign at the entrance to a Persimmon Plc residential property construction site in Braintree, UK.Photographer: Chris Ratcliffe/Bloomberg

June 4, 24

Persimmon PLC, a British homebuilder, is exploring a £1 billion ($1.27 billion) takeover bid for competitor Cala Group

Cala’s auction, led by parent company Legal & General, could attract other bidders like Taylor Wimpey and Avant Homes, according to analysts.

CLT TOOLBOX CO-FOUNDERS ADAM JONES AND RINGO THOMAS. SOURCE: SUPPLIED

June 3, 24

CLT Toolbox, an Australian startup, raised $1m in bridge funding

They develop mass timber software which provides structural engineers with tools to design complex timber structures and assists with sustainable material sourcing. 

Cars drive along a flooded street on Church Avenue amid a coastal storm on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. (Photo by Michael M. Santiago/Getty Images)GETTY IMAGES

May 31, 24

7Analytics, a Norwegian startup, raised €4m in Seed funding

They have developed an AI solution which provides high precision flood and landslide prediction which is used by governments, asset owners, architects and engineers to create more resilient infrastructure which is increasingly impacted by climate change related weather events.

los angeles cars and traffic AP Photo/Richard Vogel

May 30, 24

Colorado passed laws to boost housing affordability by promoting higher-density housing near transit stations

They also signed a law allowing accessory dwelling units – small apartments located on the same lot as a single-family house – to be constructed in large cities and towns. These measures aim to increase housing affordability and expand housing options.

google logo

May 29, 24

Google announced the Umoja cable, the first fiber optic route linking Africa and Australia, to boost internet connectivity

Based in Kenya, it will pass through several African countries, addressing the potential for 300M new internet users in five years. Google also plans to collaborate with the Kenyan government on various digital projects, reinforcing its $1B investment commitment in Africa by 2026.

new york apartments

May 28, 24

NYC building emissions law faces new challenge in appellate court

A lawsuit contesting New York City’s building emissions law, Local Law 97, which requires buildings over 25,000 square feet to cut 40% of their emissions by 2030 and reach an 80% reduction target by 2040 has been reinstated.

Active Surfaces Founders Shiv Bhakta (L) and Richard Swartwout (R)

May 27, 24

Active Surfaces, a Massachusetts startup, raised a $5.6m pre-seed round

They develop lightweight, thin and flexible solar panels which can be easily installed and integrated in a larger variety of surfaces.

Ademeure raises €5 million

May 24, 24

Ademeure, a French startup, raised €5m in funding

They provide a marketplace for wind energy site analysis identifying new wind turbine locations and allocating them to project developers and energy suppliers including providing free analysis of the property.

Caelli Wind Secures €11 Million to Expand Digital Platform for Wind Energy

May 23, 24

Caelli wind secures €11 million to expand digital platform for wind energy

They provide a marketplace for wind energy site analysis identifying new wind turbine locations and allocating them to project developers and energy suppliers including providing free analysis of the property.

us president joe biden

May 22, 24

President Biden is expected to implement new tariffs on key Chinese sectors

This includes electric vehicles, batteries, and solar cells, aiming to protect domestic industries, grow clean manufacturing and enhance competitiveness against China. The tariffs, which could rise to 100%, are part of a broader strategy to counter China’s influence in key sectors.

Microsoft announces the largest investment to date in France

May 21, 24

Microsoft announced a €4b cash envelope to build more data centers and expand existing ones in France by 2023

They have a goal to be net zero by 2030 and to achieve this they have signed two of the largest agreements to date for the construction of renewable energy and provision of carbon removal technologies.

Checkfirst remote inspections and audits

May 20, 24

$1.5 million pre-seed funding fuels Checkfirst's remote inspection platform

This Portuguese startup automates the process of remote inspections and audits by offering a tool which helps with compliance and scheduling of inspections.

May 17, 24

Pine Gate Renewables, a North Carolina startup, raised $650m in equity funding

They develop, finance, construct and operate utility scale solar and energy storage projects with the funding being used to finance an incremental three gigawatts of clean energy infrastructure by 2025.

Niederaussem coal-fired power plant getty images

May 16, 24

G7 countries pledged to eliminate "unabated" coal usage by the early 2030s to curb global warming to 1.5°C

Nations can prolong the deadline by capturing carbon emissions. While some critics question the adequacy of the 2035 deadline for achieving climate objectives, it’s viewed as a progress in addressing climate change.

First stage of Neoen’s Collie battery under construction. Image: Neoen.

May 15, 24

Tesla and Neoen have secured a $650 million contract to build Australia’s largest battery energy storage system

This expansion of the Neoen Collie battery aims to address challenges in Western Australia’s energy landscape, including the solar duck curve and declining coal reliance.

Xtend leans into defense with new $40 million round

May 14, 24

Drone platform xtend raises $40 million to strengthen defense capabilities

Their solution makes it easier for operators to manage and control advanced robots, particularly drones which enable the performing of precision tasks and maneuvers in complex indoor and outdoor environments.

alterBiota raises $4M for low-carbon concrete additive

May 13, 24

Canadian cleantech alterBiota secures $4 million to scale production of a biographene concrete additive

They use sawmill waste to create a biographene concrete additive that strengthens concrete by 10-25%. Their $4 million seed funding will fuel facility upgrades to scale production.

Former Dyson engineer - Nusku

May 10, 24

Former Dyson engineer's heat pump innovation secures £1 million funding

Nusku, a Bristol-based climate tech, produces air-source heat pumps that are more affordable and faster to install, taking just a few days compared to a week.

A general view of a business district in Kuala Lumpur, Malaysia September 15, 2020. REUTERS/Lim Huey Teng/File Photo

May 9, 24

Malaysia plans to develop Southeast Asia’s largest integrated circuit design park

They aim to transform Kuala Lumpur into a regional digital hub. Incentives include discounted office spaces and lower corporate taxes to boost foreign investment and create skilled jobs.

Joby Aviation teamed up with Abu Dhabi to launch electric air taxis

May 8, 24

Joby Aviation teamed up with Abu Dhabi to launch electric air taxis, starting with exclusive rights in Dubai

This partnership reflects Abu Dhabi’s commitment to advancing mobility solutions and vertiport infrastructure. Their emission-free aircraft, capable of carrying a pilot and four passengers, will facilitate swift and sustainable travel.

wind turbines Photographer: Chris Ratcliffe/Bloomberg

May 7, 24

UK and Morocco push forward on renewable energy link with $10.2 million boost

GE Vernova committed $10.2 million to Xlinks First Ltd., a UK company developing a groundbreaking renewable energy project in Morocco. The project includes a record-breaking 4,000-kilometer undersea cable to transport clean energy to Britain.

camion electric vehicle charging intelligence and analytics platform

May 6, 24

London-based EV charging platform Camion lands €2.7M in pre-seed funding round

The funds will fuel Camion’s expansion in engineering, machine learning, and data science to further develop their EV charging platform.

Veyor cofounders Stephen Rockett and Richard Fifita

May 3, 24

Veyor Digital secures $2.75 million to fuel US expansion

Veyor streamlines construction deliveries by managing loading docks and materials, reducing congestion, delays, and access issues.

real state

May 2, 24

JLL forecasts a 6% jump in India's 2024 construction costs, with Mumbai topping the charts due to rising material prices

The sector is focusing on sustainability and digitalization to drive future development, expecting a boost from heightened government spending.

contech news Pipedream Raises $13M to Scale Underground Logistics

May 1, 24

Pipedream fuels its innovative delivery system with a $13 million investment

They’re focused on achieving hyperlogistics, enabling city residents to receive goods in under 10 minutes for less than a dollar.

10Lines, an Estonian robots

April 30, 24

€1.5M Funding for Self-Driving Pavement Marking Robot by 10Lines

This robotic line-marking system uses AI and computer vision to ditch manual work, boosting efficiency and saving costs.

FYLD secures £12M funding

April 29, 24

FYLD, an AI field management platform, gets £12 million in funding

A platform that cuts paperwork, saves time, and boosts safety for field teams by turning video/audio into real-time workflows, risk assessments, and data dashboards.

rivet roster board and report screenshot

April 26, 24

Rivet Work, a Detroit startup, raised $6m in funding led by Brick & Mortar Ventures

They are building a workforce management platform which helps commercial contractors to oversee, plan, schedule and deploy crews through their platform and forecast labor demand into the future.

gridbeyond irish startup

April 25, 24

GridBeyond secures €52 billion in series funding to fuel platform advancement and market expansion

GridBeyond’s technology plays a key role in facilitating the connection of renewable energy sources to the power grid, paving the way for a more sustainable and cost-effective energy future.

Newport, Rhode Island’s Cliff Walk Photo by Jonathan Wiggs / The Boston Globe via Getty Images

April 24, 24

US DOT awards $830M to boost climate resilience in 80 infrastructure projects across 40 states

These funds target transportation systems threatened by extreme weather and rising seas. 2023’s record billion-dollar disasters highlight climate’s growing impact on infrastructure.

skyport london startup drones

April 23, 24

Skyports raised $110m in Series C funding led by ACS Group, the largest construction group in Spain

This London startup has two services, one which owns and operates vertiport infrastructure and the second which provides drone services such as linear asset inspections and water quality monitoring.

Neocrete co-founder and CEO Zarina Bazoeva with co-founder and President Matt Kennedy-Good.

April 22, 24

Neocrete secures $6.5 million in seed funding to develop lower-carbon concrete

They develop technology to activate low-carbon materials such as volcanic ash to replace cement in concrete without the carbon-intensive and costly manufacturing processes usually required.

honey insurance founder richard joffee

April 19, 24

Honey Insurance, an Australian startup, raised $108m in Series A funding

This insurtech company uses cutting-edge technology like AI, satellite imagery, and smart home integration to personalise home insurance for its customers.

Smiley N. Pool/Houston Chronicle via Getty Images

April 18, 24

Startups like Sealed and Rock Rabbit are streamlining the process for contractors to access electrification rebate

Their software solutions streamline rebate applications, aggregating them and promptly notifying contractors of approvals. This relieves the burden on contractors.

commercial and residential buildings in toronto canada

April 17, 24

Toronto proposed charging homeowners and businesses a fee for paved surfaces on their properties, known as the “rain tax”

Stormwater fee to offset flood management costs. Critics say unfair burden on homeowner and businesses. Advocates see potential for fairness, green spaces, and reduced flooding/heat.

contech news mode inc ai assistant

April 16, 24

Mode Inc. secures $8.75 million to develop a generative AI assistant for the internet of things (IoT)

This California startup is developing a generative AI assistant for the construction industry which connects to all the sensors and cameras on site to provide real time job site analysis.

contech news lightshift energy

April 15, 24

Energy storage developer Lightshift (formerly Delorean Power) secures $100M from Greenbacker Capital

They develop utility-scale energy storage, providing energy storage analytics, application design, finance, and development expertise to deliver projects such as battery storage for utilities and municipalities.

April 12, 24

Billy, Construction Insurtech Startup, Closes $2.5M Funding Round

Construction insurance platform Billy secures $2.5 million led by Entrada Ventures and MetaProp, for a total of $6.7 million in funding.

a billboard displays the temperature on July 16, 2023

April 11, 24

Phoenix enacts worker heat safety law after deaths rise

This includes provision of water, breaks, shade, and air conditioning, with enclosed cabs requiring air conditioning by May 1, 2025.

Railway on the Moon. The Northrop Grumman concept

April 10, 24

NASA’s Artemis project aims to send humans back to the moon by the decade’s end

To support this, Northrop Grumman is developing a lunar rail network, with a focus on connecting lunar outposts and enabling people and resource movement. 

archetype ai startup contech

April 9, 24

Archetype, a Californian startup, raised $13m in seed funding

An AI which understands the physical world by ingesting data from multimodal sensors, allowing anyone to pose open-ended questions about the physical environment and take informed action.

department of energy

April 8, 24

DOE opens phase 2 of $250M grant program for net-zero federal buildings

This phase will provide applicants with assistance in developing a net zero building project focused on overcoming barriers between initial concept and project phases.

UK biogas tech company WASE

April 5, 24

UK-based waste-to-energy company WASE raises £8.5 million to boost biogas output.

WASE’s EMR technology is a unique system that boosts biogas production from both waste materials in sewage and organic matter processed in regular biogas plants.

Okibo construction robotics

April 4, 24

Okibo, an Israeli startup, raised $7.85m in funding led by Shadow Ventures

They have built a fully autonomous ‘finishing’ robot for construction focused on painting, drywalling and plastering walls.

Water Kinetics

April 3, 24

Water Kinetics secures £150K for Eco-Duo water recirculation system

Water Kinetics, a Scottish-based startup, secured £150k funding for their water recirculation system, which incorporates a pipe-within-a-pipe structure. 

Buddywise, a Swedish startup, raised €3.5m in seed funding.

April 2, 24

Buddywise, a Swedish startup, raised €3.5m in seed funding.

The funding round was co-chaired by J12 and Kvanted, venture capital firms specialising in AI. Eric Quidenus-Wahlforss, the founder of Soundcloud, also participated in the investment.

lhyfe

April 1, 24

Lhyfe receives from the French government a grant of up to €149m

Lhyfe plans to produce up to 34 tonnes of the clean fuel daily at a facility near the Grand Canal du Havre, a key industrial port area.

March 21, 24

AUAR secures £2.6m to build sustainable homes using robotic micro-factories

The latest round of seed funding secured £2.6m for Automated Architecture (AUAR)’s mission of building affordable homes using robotic micro-factories.

March 21, 24

Furno Secures $6.5 Million Seed Funding to Cement a Carbon Neutral Future

Furno’s unique combustion method achieves over 80% thermal efficiency in cement manufacturing, shrinking production footprint dramatically

March 21, 24

GScan raises €3M seed to transform infrastructure maintenance with muon tomography

The deep tech startup provides detailed 3D imagery of assets’ internal structure, enhancing public safety through informed infrastructure maintenance.

March 14, 24

BRKZ SECURES $8M SERIES A TO REVOLUTIONISE MENA BUILDING MATERIALS SECTOR

The total value of infrastructure, transport, and building projects across the MENA region stands at approximately $2.5 trillion.

March 14, 24

Bechtel pledges $7M to combat suicide in construction

WASHINGTON, D.C. — Global construction and engineering giant Bechtel has pledged $7 million over five years to the American Foundation…

March 14, 24

Data Center Construction Market Expected to Reach USD 453.5 Billion by 2033

According to Market.us, The global data center construction market is expected to reach USD 453.5 Billion by 2033, representing a substantial Compound Annual Growth Rate (CAGR) of 6.7%.

March 06, 24

Zacua Ventures Closes $56 Million Fund to Invest in the Next Generation of Construction Technology

Global venture fund will back startups driving sustainability, productivity, and urbanization; fund also announces $9-million seed round in Flexnode

March 06, 24

Parspec: $11.5 Million In Seed Funding Raised In Round Led By Innovation Endeavors

Parspec – an AI-powered software platform that streamlines the selection and sale of construction products – announced its oversubscribed $11.5 million seed round.

March 06, 24

This YC alum just raised $31M to build the ‘TurboTax for construction permitting

It’s no surprise then that the startup world has seen a flurry of startups focused on streamlining the permitting process.