The past few months have seen a new flurry of funding for construction technology startups, with several making announcements earlier this summer, including San Francisco-based Join and Canadian construction management software firm Bridgit.
As summer comes to an end, several other companies have also announced support from investors. Here are a few of the most notable ones:
OpenSpace
Two weeks ago, construction site data and analysis firm OpenSpace announced a $14 million funding round led by Lux Capital with other investors including construction and development firms Suffolk Construction and Tishman Speyer.
The platform uses artificial intelligence to create navigable, 360-degree photo representations of jobsites during regular walkthroughs. Workers attach a small camera to their hardhats and walk the site as normal, with OpenSpace passively capturing imagery in the background. Imagery data is then uploaded to the cloud, where algorithms map the photos to project plans and stitch them together, creating a visual representation of the site similar in style to Google Street View.
Khansaheb Civil Engineering is a leading construction company based in the United Arab Emirates (UAE). Founded in 1935, the company has been on a digitalisation journey for the past decade to build faster, strengthen team coordination, and improve the quality of its builds. The company has since moved its business 100% to the cloud, adopting…
WakeCap, a Saudi-based leader in smart solutions for construction project management, and OpenSpace, the global leader in 360° reality capture, announce a strategic partnership aimed at making cutting-edge global technology easily accessible to the Saudi Arabian construction market. By providing direct, local access to world-class technologies, the collaboration creates a centralized hub for all construction…
Linxon is building the infrastructure to power the world with carbon-free technology by offering turnkey solutions in the areas of substations for power transmission, renewable energy, and transportation. As a pioneer in the industry, Linxon has entered into an enterprise agreement with OpenSpace, the global leader in 360° reality capture, to bring the technology to…