Before recent events, the construction industry was characterized as being slow to adopt new technologies. Increasingly, general contractors and owners are using cloud-based platforms and virtual collaboration tools, with no intention of going back to the old ways of business.
The rise of construction technology, and the ways in which GCs and owners have adapted to new working conditions in the COVID era, was the focus of a recent webinar hosted by AGC of California, the state’s largest construction trade association. Below, we recap some of the top insights from the webinar.
OpenSpace, a startup that develops technology for the construction industry, raised $102 million in a new funding round that the company said gives it a valuation of $902 million. Penny Pritzker’s PSP Growth led the round, San Francisco-based OpenSpace said. Other participating investors include BlackRock Inc., Alkeon Capital Management, Menlo Ventures and a unit of…
OpenSpace has created the most advanced reality capture technology for construction teams by leveraging computer vision, artificial intelligence (AI), and 3D modeling. The OpenSpace product makes it easy to capture 360° images of a job site simply by mounting a camera to a helmet and walking through the job site. This process takes a fraction…
OpenSpace has released the beta of OpenSpace 3D Scans, a new 3D scanning capability for its automated construction site capture and mapping solution, which uses the LiDAR sensors on the iPad / iPhone Pro. Previously the company relied solely on data from 360 cameras, which was then processed using its AI-based OpenSpace Vision Engine. According…
