Atlanta-based AI firm wins global construction tech contest

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Dive Brief:

  • The 2021 Design Startup Competitiveness, sponsored by Cemex Ventures, topped a gold medal prize winner and awarded nine other major firms during the competition’s Pitchday previously this month, in accordance to a push release.
  • The gold medal prize winner of the sixth yearly competition was Atlanta-centered business Document Crunch, which constructed an AI-driven application system of the very same name that identifies and clarifies important problems in design contracts. Doc Crunch, which is commercially out there, also functions with development programs, insurance procedures and extra.
  • The 10 winners have been judged on their potential to offer you the most promising remedies within just 5 groups: carbon footprint mitigation, offer chain optimization, efficiency in the jobsite, sophisticated building supplies and new construction solutions.

Dive Insight:

The chosen startups gained methods and possibilities to advance their merchandise and concepts by means of investments and pilot tasks, according to the launch. The party was also funded by:

  • Financial commitment firm Dysruptek, the undertaking arm of common contractor Haskell
  • Spanish transportation contractor Ferrovial
  • Undertaking cash organization GS Futures
  • Production organization Hilti
  • Vinci Group’s investment decision arm Leonard
  • Nova by production business Saint-Gobain

Through the competitors, the startups had the opportunity to present their tasks to a jury composed of the top rated reps of each individual organizing business, as effectively as an viewers of specialists in design, investment and innovation. The other 9 profitable firms are:

  • AI Clearing (United States) – SaaS system that seamlessly integrates several facts sources into BI units to offer digital insights. 
  • HyperTunnel (United Kingdom) – Patented a new technique to establish and renew tunnels and underground infrastructures.
  • Nodes & Backlinks (United Kingdom) – AI-primarily based system to produce good equipment to automate job administration.
  • ObraLink (Chile) – Details collection system to automate significant building site routines these kinds of as concrete poured and formwork.
  • Presien (Australia) – AI eyesight programs to absolutely free weighty industries from the challenges that threaten the basic safety of their people today and small business.
  • ProcurePro (Australia) – Electronic subcontractor procurement system to shut the electronic gap concerning bids and commitments.
  • RatedPower (Spain) – Cloud-centered software to have out the design and engineering of utility-scale solar photovoltaic crops.
  • Schüttflix (Germany) – System to purchase, transportation, provide and dispose of bulk content 100% digitally.
  • WasteBox (Austria) – Digital waste administration platform to quickly link customers with the right disposal partner for their job.

Building know-how investment is looking at a great year, and will most likely only increase with the passage and signing of the bipartisan infrastructure bill in the United States. The act allocates $100 million dollars to expense in design technologies, and associates in the contech space have lauded the shift. Development technological know-how corporations have had strong fundraising rounds this yr, and are even breaking financial investment documents.

Contacting this year’s exhibiting a success, Cemex Ventures is already gearing up for the 2022 version of the award and “an even much more promising circumstance for the Contech ecosystem,” according to the launch.