July 15, 2024


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Atlanta-based AI firm wins global construction tech contest

2 min read
Atlanta-based AI firm wins global construction tech contest

Dive Temporary:

  • The 2021 Development Startup Competitors, sponsored by Cemex Ventures, crowned a gold medal prize winner and awarded nine other leading corporations throughout the competition’s Pitchday earlier this month, according to a press launch.
  • The gold medal prize winner of the sixth once-a-year opposition was Atlanta-based mostly agency Doc Crunch, which crafted an AI-powered computer software platform of the same title that identifies and describes important troubles in construction contracts. Document Crunch, which is commercially accessible, also functions with building options, insurance coverage policies and much more.
  • The 10 winners were judged on their potential to present the most promising options within just 5 categories: carbon footprint mitigation, source chain optimization, performance in the jobsite, highly developed setting up supplies and new construction approaches.

Dive Perception:

The chosen startups gained methods and prospects to progress their goods and strategies via investments and pilot jobs, in accordance to the launch. The party was also funded by:

  • Investment decision agency Dysruptek, the undertaking arm of typical contractor Haskell
  • Spanish transportation contractor Ferrovial
  • Venture funds company GS Futures
  • Producing business Hilti
  • Vinci Group’s investment decision arm Leonard
  • Nova by producing corporation Saint-Gobain

All through the competitiveness, the startups experienced the prospect to current their jobs to a jury composed of the top representatives of just about every arranging business, as effectively as an audience of specialists in development, expenditure and innovation. The other nine successful companies are:

  • AI Clearing (United States) – SaaS platform that seamlessly integrates quite a few information resources into BI units to deliver electronic insights. 
  • HyperTunnel (United Kingdom) – Patented a new process to establish and renew tunnels and underground infrastructures.
  • Nodes & Inbound links (United Kingdom) – AI-based system to build smart devices to automate undertaking management.
  • ObraLink (Chile) – Knowledge selection process to automate vital building internet site pursuits such as concrete poured and formwork.
  • Presien (Australia) – AI vision units to totally free heavy industries from the threats that threaten the safety of their individuals and business.
  • ProcurePro (Australia) – Digital subcontractor procurement platform to close the electronic gap among bids and commitments.
  • RatedPower (Spain) – Cloud-dependent application to have out the style and design and engineering of utility-scale photo voltaic photovoltaic plants.
  • Schüttflix (Germany) – Platform to buy, transportation, deliver and dispose of bulk content 100% digitally.
  • WasteBox (Austria) – Electronic waste administration platform to mechanically connect customers with the proper disposal partner for their venture.

Building technology investment decision is observing a good yr, and will likely only increase with the passage and signing of the bipartisan infrastructure invoice in the United States. The act allocates $100 million pounds to financial commitment in building technologies, and users in the contech room have lauded the transfer. Development technologies corporations have had robust fundraising rounds this yr, and are even breaking investment data.

Calling this year’s demonstrating a achievements, Cemex Ventures is previously gearing up for the 2022 edition of the award and “an even much more promising scenario for the Contech ecosystem,” according to the release.

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