Investors are pumping in billions of dollars into the construction technology sector, according to a Wall Street Journal report and Construction Dive.
According to the report, research company CREtech found that venture capital investment in private construction technology firms increased from $352 million in 2016 to more than $6 billion in 2018. At the end of June, 2019 investments totaled more than $4 billion, signaling that capital investments into the sector this year could exceed those made in 2018.
Startups are poised to bring to market new technologies and techniques to raise construction efficiency. The products could help tame rising construction costs and address a persistent shortage of qualified trade workers.
Investors that make the right bets could reap big payoffs in an industry that experts say is ready for automation.
Related Stories
AEC Tech | Mar 26, 2019
Embracing collaboration tools from outside the AEC industry
Let's take a look at the available technologies from outside AEC that are seeing greater adoption within the industry.
AEC Tech | Mar 24, 2019
5 ways designers and builders can use business intelligence with data they already have
Tricky construction budgets, large project teams, and unique designs needing extensive coordination are all problems increasingly being handled with new software tools and data.
AEC Tech | Feb 8, 2019
BI(m): BIM data without models
A new breed of data tools creates a valuable opportunity for the next wave of BIM and facilities management, one where “pure data” is at the center, writes John Tobin of SMRT Architects.
AEC Tech | Jan 9, 2019
Our robotic future: Assessing AI's impact on the AEC profession and the built environment
This is the first in a series by Lance Hosey, FAIA, on how automation is disrupting design and construction.
3D Printing | Dec 7, 2018
Additive manufacturing heads to the jobsite
Prototype mobile 3D printing shop aims to identify additive manufacturing applications for construction jobsites.
AEC Tech | Sep 27, 2018
BD+C editors want your input on AEC technology
Please help us improve our editorial coverage by taking this brief survey.
Sponsored | AEC Tech | Sep 14, 2018
Sponsored webinar: Benefits of traceable construction
In this free 60-minute webinar, Keith Alcorn of FARO Technologies will talk about the concept of traceable construction and how 3D reality capture solutions provide portable, efficient, secure, and forward-looking solutions for data collection, pre-processing, and evaluation in the design, build and operating phase. September 18, 2:00 EST.
AEC Tech | Jul 24, 2018
Weidt Group’s Net Energy Optimizer now available as software as a service
The proprietary energy analysis tool is open for use by the public.
Accelerate Live! | Jul 17, 2018
Call for speakers: Accelerate AEC! innovation conference, May 2019
This high-energy forum will deliver 20 game-changing business and technology innovations from the Giants of the AEC market.
Accelerate Live! | Jun 24, 2018
Watch all 19 Accelerate Live! talks on demand
BD+C’s second annual Accelerate Live! AEC innovation conference (May 10, 2018, Chicago) featured talks on AI for construction scheduling, regenerative design, the micro-buildings movement, post-occupancy evaluation, predictive visual data analytics, digital fabrication, and more. Take in all 19 talks on demand.
