Tag: contech
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Slow contech adoption could stymie data center projects: report
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Without more technology adoption, the construction industry’s delivery of data centers could fall short even as global demand for artificial intelligence intensifies, according to a new white paper. Unless building methods evolve to match the…
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6 contech firms haul in a combined $208M
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. An autonomous machinery firm that uses artificial intelligence with retrofits, an AI tool that scrapes permits across U.S. jurisdictions and field-tested AI agents all attracted investor cash in the second quarter of 2025. Here are six startups…
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6 contech startups snare a collective $101M
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. Startups that help contractors decarbonize buildings, manage their workforces and make jobsites safer were some of the businesses that benefitted from fresh infusions of investor funding in the second quarter of 2025. Here are six startups that…
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AI, robots take top spot in contech investments
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: More than half — 55% — of the $3.55 billion invested in construction technology in the first quarter of 2025 went toward funding next-generation robotics and artificial intelligence-enabled technology, compared to less than 30% in…
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4 contech firms up their AI offerings
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. From smart payment systems to cameras that recognize onsite equipment and autonomous drywall robots, construction technology startups and stalwarts have been infusing artificial intelligence into their latest solutions. Here are four AI-infused new releases and offerings to…
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6 contech startups take in combined $194M
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Amid challenges in the construction industry fueled by tariffs, labor shortages and regulatory uncertainty, contech solutions that target these sore areas saw successful funding rounds. In particular, one startup broke $1 billion in total valuation, making it…
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Contech leaders detail AI’s potential
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Tech tools that would once take months to develop are now being churned out in under a minute using natural language artificial intelligence. For construction firms, the advancement means even nontechnical users can now create applications. Its…
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Contech saw more deals, fewer dollars last year
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Investors pumped fewer dollars into the contech ecosystem last year, investing $14.9 billion into the space, a 22% decrease compared to the $19.2 billion seen in 2023, according to BuiltWorlds’ Annual Venture & Investment Report…
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Purdue launches new contech program in Indianapolis
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: West Lafayette, Indiana-based Purdue University is offering a new program for students interested in construction technology, this time from its campus in Indianapolis, the institution announced on Jan. 30. Students at Purdue Polytechnic Institute, located…
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Following sharp downturn, contech funding stabilizes
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Following a 44% downturn in construction technology investment in 2023, the contech funding ecosystem seems to have stabilized last year, according to a report from Cemex Ventures. Total investment in the space grew marginally year…