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Buildots raises $30M to put eyes on construction sites

TechCrunch

One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. Lightspeed Venture Partners led the round, with participation from previous investors TLV Partners, Future Energy Ventures and Tidhar Construction Group.

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Escorts Kubota enlists AI to reinvent railway, construction, and agriculture

CIO

CIO Anil Kakkar is heading up an ambitious transformation agenda at Escorts Kubota, in which the Indian multinational conglomerate seeks to reinvent its three traditional business lines: agricultural products and implements, construction equipment, and railway equipment and parts.

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Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. Amidst the chaos, construction firms faced an existential question: How will they survive? Construction is a massive, $1.3

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AI construction startup Versatile raises a $20M Series A

TechCrunch

San Francisco-based construction startup Versatile is announcing today that it has raised a $20 million Series A. From that vantage point, it’s capable of capturing and analyzing data across the construction site. With around $10 trillion currently spent on construction each year, the industry is prime for some big-ticket investments.

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Disperse, which brings AI-fuelled data to construction projects, raises $16M

TechCrunch

based construction tech company that offers an artificial intelligence (AI)-powered platform to help project managers track work and capture data from building sites, has raised $16 million in funding. So it’s clear that investors are still keen on backing the next big construction industry movers and shakers.

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Social services provider uses artificial intelligence to provide genuine help

CIO

In addition, the incapacity to properly utilize advanced analytics, artificial intelligence (AI), and machine learning (ML) shut out users hoping for statistical analysis, visualization, and general data-science features. As a result, data teams exhausted valuable time resolving problems and fixing glitches, and the approximately 1.5

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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.