Tag: contech
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4 contech firms up their AI offerings
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. From smart payment systems to cameras that recognize onsite equipment and autonomous drywall robots, construction technology startups and stalwarts have been infusing artificial intelligence into their latest solutions. Here are four AI-infused new releases and offerings to…
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6 contech startups take in combined $194M
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Amid challenges in the construction industry fueled by tariffs, labor shortages and regulatory uncertainty, contech solutions that target these sore areas saw successful funding rounds. In particular, one startup broke $1 billion in total valuation, making it…
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Contech leaders detail AI’s potential
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Tech tools that would once take months to develop are now being churned out in under a minute using natural language artificial intelligence. For construction firms, the advancement means even nontechnical users can now create applications. Its…
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Contech saw more deals, fewer dollars last year
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Investors pumped fewer dollars into the contech ecosystem last year, investing $14.9 billion into the space, a 22% decrease compared to the $19.2 billion seen in 2023, according to BuiltWorlds’ Annual Venture & Investment Report…
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Purdue launches new contech program in Indianapolis
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: West Lafayette, Indiana-based Purdue University is offering a new program for students interested in construction technology, this time from its campus in Indianapolis, the institution announced on Jan. 30. Students at Purdue Polytechnic Institute, located…
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Following sharp downturn, contech funding stabilizes
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Following a 44% downturn in construction technology investment in 2023, the contech funding ecosystem seems to have stabilized last year, according to a report from Cemex Ventures. Total investment in the space grew marginally year…
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How AEC Leaders Can Leverage Contech Trends in 2025
The Top 50 Contech Startups Report 2025 by Cemex Ventures analyzes the industry’s innovators and investments in their future success. The report also helps Contech leaders anticipate trends, prioritize investments, and align their technology strategy with the future of construction. Contech remains one of the most untapped sectors within venture capital, even though its weight…
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6 contech firms raise combined $57M
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Firms that help builders get materials, remain compliant and communicate on the jobsite were the recipients of recent venture capital funding. Artificial intelligence, in particular, remains a point of interest for contractors as they seek to leverage…
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Global Corporates Back Zacua Ventures in a Bold Move to Drive Contech
Zacua Ventures, a new entrant in the venture capital landscape, has officially closed its inaugural fund, exceeding its initial $50 million target due to robust investor interest. The fund is notably distinct for its emphasis on early-stage technology startups within the construction sector. It boasts a significant roster of corporate Limited Partners (LPs) from the…
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2024’s Most Innovative Contech Startups Announced by Cemex Ventures
Cemex Ventures has unveiled the 2024 edition of its highly anticipated list, showcasing the 50 most promising construction technology (Contech) startups. This list, titled “Top 50 Contech Startups 2024,” highlights the startups that are leading the charge in redefining the construction industry. These startups are aligned with Cemex Ventures’ four strategic focus areas: Green Construction…