Atlanta-based AI firm wins global construction tech contest

Kennith Bogan

Dive Brief:

  • The 2021 Building Startup Competitiveness, sponsored by Cemex Ventures, crowned a gold medal prize winner and awarded nine other best companies in the course of the competition’s Pitchday earlier this month, in accordance to a press launch.
  • The gold medal prize winner of the sixth once-a-year opposition was Atlanta-centered firm Doc Crunch, which designed an AI-run software program platform of the very same name that identifies and clarifies significant issues in construction contracts. Doc Crunch, which is commercially obtainable, also operates with development plans, insurance plan policies and a lot more.
  • The 10 winners were being judged on their skill to offer the most promising remedies in 5 classes: carbon footprint mitigation, provide chain optimization, effectiveness in the jobsite, superior setting up elements and new building solutions.

Dive Perception:

The picked out startups received sources and opportunities to progress their products and suggestions by way of investments and pilot assignments, according to the release. The occasion was also funded by:

  • Investment organization Dysruptek, the venture arm of normal contractor Haskell
  • Spanish transportation contractor Ferrovial
  • Undertaking funds business GS Futures
  • Production corporation Hilti
  • Vinci Group’s investment arm Leonard
  • Nova by producing company Saint-Gobain

During the levels of competition, the startups had the prospect to existing their projects to a jury composed of the top representatives of just about every organizing organization, as nicely as an viewers of authorities in design, investment decision and innovation. The other nine profitable corporations are:

  • AI Clearing (United States) – SaaS platform that seamlessly integrates numerous details resources into BI methods to deliver electronic insights. 
  • HyperTunnel (United Kingdom) – Patented a new process to develop and renew tunnels and underground infrastructures.
  • Nodes & Back links (United Kingdom) – AI-based mostly platform to develop smart devices to automate undertaking administration.
  • ObraLink (Chile) – Facts selection process to automate important development website routines this kind of as concrete poured and formwork.
  • Presien (Australia) – AI vision programs to cost-free significant industries from the pitfalls that threaten the basic safety of their people today and business.
  • ProcurePro (Australia) – Digital subcontractor procurement platform to close the digital hole in between bids and commitments.
  • RatedPower (Spain) – Cloud-based mostly software program to carry out the design and engineering of utility-scale solar photovoltaic plants.
  • Schüttflix (Germany) – Platform to order, transportation, supply and dispose of bulk materials 100% digitally.
  • WasteBox (Austria) – Electronic squander administration platform to routinely join shoppers with the appropriate disposal partner for their task.

Construction know-how investment is seeing a great calendar year, and will probably only increase with the passage and signing of the bipartisan infrastructure bill in the United States. The act allocates $100 million pounds to expenditure in development technology, and members in the contech house have lauded the shift. Building technologies corporations have had powerful fundraising rounds this calendar year, and are even breaking financial investment records.

Calling this year’s displaying a achievements, Cemex Ventures is by now gearing up for the 2022 version of the award and “an even far more promising scenario for the Contech ecosystem,” according to the release.

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