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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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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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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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SkyMul’s drones secure rebar on the fly to speed up construction

TechCrunch

There are many jobs in the construction industry that fall under the “dull, dirty, and dangerous” category said to be ripe for automation — but only a few can actually be taken on with today’s technology. Drone-focused construction startup TraceAir raises $3.5M. Construction tech startups are poised to shake up a $1.3-trillion-dollar

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Foresight raises $15M for its construction workers’ compensation platform

TechCrunch

When an accident on a building site resulted in the death of their friend, the founders of Safesight were inspired to launch the platform to digitize safety programs for construction. The data from that gave birth to a new insurtech startup this year, Foresight , which covers workers’ compensation.

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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.