Tag: funding
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DOT removes equity, environmental factors from IIJA funding decisions
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The U.S. DOT has rolled back a Biden-era policy that included environmental and social considerations in federally funded infrastructure projects, according to a Monday memo from the agency. The move rescinds two Federal Highway Administration…
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Tutor Perini unfazed by Trump’s tariff, funding actions
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Tutor Perini sees bluer skies ahead, with hopes for a return to profitability in 2025 after reporting another loss for the year. Despite recent market concerns about the Trump administration’s new tariffs and scrutiny of federal spending,…
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Pennsylvania Gov. Shapiro sues Trump administration, citing frozen IRA funding
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Federal agencies are unlawfully restricting Pennsylvania agencies from accessing funding for programs like Solar For All and greenhouse gas emissions mitigation, said state Gov. Josh Shapiro, D, in a lawsuit filed Thursday. “Since around January 27, 2025, federal…
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DOT says it will tie funding to birth, marriage rates
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: A new, undated memo from the DOT urges the department to give grant preferences to “communities with marriage and birth rates higher than the national average.” The action comes after the DOT announced that Transportation…
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Trump funding freeze leaves IIJA, IRA projects in limbo
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. Last week, President Donald Trump told federal agencies to stop disbursing Infrastructure Investment and Jobs Act and Inflation Reduction Act funding, including money that Congress already authorized. The move has thrown climate and infrastructure projects at various…
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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…
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SAEKI Unveils Game-Changing Automation in AEC Industry with $2.3M Seed Funding
In a groundbreaking development for the AEC industry, SAEKI has emerged from stealth mode, announcing a $2.3 million seed funding round. The Swiss startup aims to revolutionize the often slow and expensive process of manufacturing large components, from aircraft wings to construction site installations, by leveraging fully automated plants with industrial robots and 3D technology.…
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TestFit, the Maker of an AI-Powered Building Configurator, Gets $20 Million Funding
TestFit Inc., the maker of an interactive AI-powered real estate feasibility software, has announced $20 million in Series A financing led by Parkway Venture Capital, bringing the total company financing to $22 million. TestFit’s building configurator helps real estate developers, architects, urban planners, and more to solve site plans in seconds. Development deals for multifamily, commercial,…
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EVERCAM Construction Cameras Expands Digital Twin Capabilities with Bentley Funding
Evercam Ltd. (EVERCAM), the leading provider of construction camera software announced a financial investment by Bentley iTwin Ventures, a part of Bentley Acceleration Initiatives. Bentley Acceleration Initiatives is the internal incubator for strategic investments of Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company. This investment and technical integration of Bentley’s iTwin® platform will…
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Construction AR Start-Up XYZ Reality Secures £20M Series A Funding
XYZ Reality today announced a £20m investment round led by Octopus Ventures. Founded in 2017, XYZ Reality develops HoloSite, an Augmented Reality (AR) solution for construction sites. The company is on a mission to eliminate 2D in its entirety. I’ve seen a live demo of HoloSite. Using its safety certified AR hardhat, it places accurately a real-time,…