8 Construction Technology Companies That Made Waves of Funding


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From drones to heat sensing technology, the construction industry is taking advantage of technological advances and putting them to work on sites. Here are eight tech-focused startups for contractors that have received solid funding rounds over the past few months. Billd Payments, which focuses on creating payments systems for the construction industry, announced in July that it had received $30 million in funding, led by investment firm LL Funds. The payments system primarily focuses on financing materials and helping contractors solve what it calls “inadequate construction payment cycles”. Billd will allocate funds to secure more employees to accelerate growth and strengthen the company’s infrastructure, along with looking to partner with industry leaders in payments and construction. Butlr Butlr Technologies Inc. , which calls itself an “anonymous real-time wireless sensing platform,” said it raised $7.9 million in recent fundraising efforts with investors such as Union Labs, a technology-focused investment firm. Butlr sees itself as a privacy sensing platform by using body temperature sensors as an indicator of human presence at the locations where the sensors are located, which in turn prevents any identifiable information from being captured. While this can be used on construction sites, the software also sees use in nursing homes, stores and offices. Butlr plans to use the capital to expand into the market and further develop its technology. Brokrete Brokrete, a graduate of a startup Y Combinator that bills itself the “Shopify of Construction,” has secured $3 million in funding, according to TechCrunch. The service includes a marketplace for materials from a variety of different vendors, and offers a wide range of offers to contractors. Brokrete also manages payments, logistics and order management, along with an order processing company from businesses that use traditional means of receiving product orders. With the capital, Brokrete is looking to expand its markets in both North America and Europe. Dusty Robotics Dusty Robotics, a startup based in Mountain View, California, raised an additional $16.5 million in June, bringing its full funding to $23.7 million, according to a press release. The funding round was led by venture capital firm Canaan Partners and included other investors such as Root Ventures and Cantos Ventures. At just 17 employees, the company already has a portfolio of customers that benefit from a BIM-powered standalone field printer, which simultaneously prints plans for multiple trades based on construction sites at 1/16″ resolution, according to its website. Designer Moxion Power announced For energy storage, Moxion Power said it raised $10 million in funding in May, led by investment firm Energy Impact Partners and backed by startup accelerator Y Combinator.Moxion Power is focused on leasing equipment for temporary electricity, such as generators, with an emphasis on an all-electric fleet. Moxion Power to open its first lease location in the San Francisco Bay Area in late 2022, using financing, expanding manufacturing operations and reducing backlog Reconstruct Inc. Reconstruct Inc., which focuses on creating remote construction management software, announced that it raised $17.3 million in Jul. Much of the funding came from the Nemetschek Group, an endorsement program that deals primarily with the construction and technology industries.Reconstruct focuses on bringing different aspects of the construction process to Building planning, such as scheduling, BIM and augmented reality drafting, all in one place. With the capital, Reconstruct plans to help integrate it into programs like Bluebeam and expand its global expansion. Skyfish Stevensville, the Montana-based manufacturer of Skyfish drones, raised $20 million in funding in June led by Bayshore Capital CEO Henry Wolfond and SBA Communications president, Stephen Bernstein, adding a significant amount of money to grow and reach its projects, according to a press release. . The Skyfish drone is capable of providing centimeter-level measurements of critical infrastructure points such as cell towers, power lines, dams, bridges and other large structures. The money, according to the statement, is intended to increase customer revenue and expand its drone fleet. Toggle Toggle, a company focused on building reinforced concrete with rebar and automated assembly of reinforced concrete, raised $8 million in another round of funding last June, according to a blog post on its website. Its investors include venture capital firm Tribeca Venture Partners and New York State through Ventures Direct Fund. The company’s 2019 investment round included Shark Tank star Mark Cuban. The company said the new funding will be allocated to expand its production capacity and hire more workers.


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