Deloitte’s data reveals an 8% increase in U.S. construction spending in 2021, underscoring the significant role the industry plays, with an upward trend expected in the near future. In response, the construction startup landscape is experiencing significant growth. These fledgling companies are harnessing innovation and technology to transform the Architecture, Engineering, and Construction (AEC) sector.
From improving safety conditions at construction sites to facilitating smoother project dialogues and increasing job availability, these construction startups are reshaping the field. The new approaches and solutions they offer are largely contributing to the industry’s dynamic evolution.
Our list highlights 21 such promising construction startups, each uniquely striving towards their mission. They’re not only succeeding in their individual goals, but their initiatives have also caused a significant upsurge in online search popularity. As we move forward, keep an eye on these names in the construction startup sphere; they’re making impressive strides in the world of construction.
Table of Contents
Top Construction Startups
Here are some top construction startups that have been making waves in the industry:
1. ConX
ConX stands as a premier Software as a Service (SaaS) platform, revolutionizing the construction industry by providing comprehensive estimating and tender management solutions tailored for builders and subcontractors alike. The platform streamlines the process, enabling builders to effortlessly dispatch quote requests while offering subcontractors a seamless interface to explore job opportunities within their service radius.
Since its inception, ConX embarked on a trajectory of growth and innovation. With its maiden investments secured in 2017, ConX has continually broadened its horizons, extending its service coverage to encompass regions spanning the globe. This expansion underscores ConX’s commitment to facilitating efficiency and connectivity within the construction domain, transcending geographical boundaries to serve clients worldwide.
At its core, ConX offers a suite of cutting-edge products and services meticulously crafted to address the diverse needs of the construction ecosystem. From precise estimating tools facilitating accurate project assessments to tender management solutions streamlining bid processes, ConX empowers stakeholders with the tools they need to thrive in a competitive landscape.
With ConX, builders navigate the intricate terrain of project estimation with ease, leveraging intuitive features to solicit quotes and streamline communication with subcontractors. On the other hand, subcontractors harness the platform’s capabilities to discover and pursue job opportunities tailored to their expertise and service area, fostering collaboration and efficiency across the construction supply chain.
In essence, ConX epitomizes innovation and efficiency in the construction realm, offering a comprehensive platform that revolutionizes the way builders and subcontractors interact, collaborate, and transact. As ConX continues to evolve and expand its footprint globally, it remains steadfast in its mission to empower construction professionals with the tools they need to thrive in an ever-evolving industry landscape.
Products and Services: Estimating and tender management tools for construction
2. Hydraloop
Going beyond the water savings, the Hydraloop Concealed, a product of a leading construction startup, is designed to meet the specific needs of various types of properties – residential, commercial, industrial, and agricultural. The company aims to foster sustainable practices in every sector by creating a circular water economy, which not only saves water but also decreases the strain on public water systems and reduces the carbon footprint. It is a practical answer to two major global challenges – the escalating water scarcity and the need for energy-efficient solutions.
What sets this construction startup, Hydraloop, apart is its advanced filtration and disinfection system. It uses a six-step cleansing process that includes sedimentation, flotation, dissolved air flotation (DAF), foam fractionation, aerobic bioreactor, and a final disinfection stage. This unique blend of processes ensures that the water recycled is of high quality and poses no health risks, despite its origin from showers, bathtubs, and washing machines.
Moreover, Hydraloop Concealed is the epitome of smart technology. Its integrated IoT capabilities allow users to track and manage water usage in real-time through a user-friendly app. The app provides comprehensive insights into water savings and system performance, promoting user engagement in their water-saving journey.
Its innovative design also contributes to its ease of installation and minimal maintenance requirement. The compact system can be easily fitted in most buildings, concealed within the bathroom or kitchen. It has a self-cleaning mechanism, reducing the need for regular manual cleaning and making it a virtually hassle-free appliance. This unique feature makes Hydraloop Concealed, the innovative product of this construction startup, an attractive option for homeowners, business owners, and architects.
Hydraloop’s commitment to sustainability is further evidenced by the energy efficiency of the system. The Hydraloop Concealed uses significantly less energy than traditional water treatment systems. It is powered by a low energy consumption pump, ensuring that the system’s operation aligns with the sustainability goals it aims to achieve.
This latest product underlines this construction startup’s ongoing mission to inspire and facilitate a global water-saving revolution. By offering a reliable, user-friendly, and eco-friendly solution, Hydraloop is setting a new standard in water recycling technology, helping people across the globe to become more conscious of their water usage and make a significant contribution to the preservation of our planet’s most valuable resource.
3. TokenMe
The construction industry is witnessing a technology-driven revolution, and leading this transformative journey is a Dutch construction startup, TokenMe. They are sculpting a niche in the sector with their groundbreaking real-time tracking solution designed specifically for construction managers. The merit of their system did not go unnoticed; it recently stole the spotlight at the Consumer Electronics Show in Las Vegas, a testament to their remarkable innovation.
TokenMe, the unique construction startup, offers a tracking solution comprising smart badges and helmet tags, aptly called tokens. Small but mighty, these tokens measure a mere 45x45x12 millimeters yet offer a coverage range of up to 50 meters and a battery life of 500 days. They operate by gathering data on users’ location, movements, and timings, then transmit it to larger anchors strategically positioned around the construction site. These anchors boast a coverage of up to 500 meters and are equipped with sophisticated sensors to monitor environmental conditions, thereby ensuring the safety and efficiency of operations.
The genius behind this construction startup’s system lies in its efficient processing of collected data. An AI engine housed in a secure cloud database transforms raw data into actionable insights. Presented in a user-friendly dashboard filled with rich graphs and visuals, these insights offer project managers an unprecedented view of task progress.
TokenMe’s commitment to data privacy further underscores their success. All information is securely stored and treated with the highest degree of confidentiality, establishing trust with stakeholders.
The application of TokenMe’s system at their recent undertaking, an 80-hectare hospital construction in Odense, Denmark, highlights their technological prowess. Workers at the site, armed with tokens, continuously relay data to strategically located anchors. In case of an emergency, like a worker’s fall, the system promptly triggers an alarm, ensuring prompt intervention.
TokenMe’s impressive stride in integrating technology into construction, coupled with their focus on safety, privacy, and efficiency, marks them as a success story in 2023 among construction startups. The company’s solutions are not merely wearable technology; they represent a paradigm shift in construction management, setting a benchmark for others to follow.
4. Climatics and Smartbase
Emerging as a successful construction startup, Advanced Climate Solutions (ACS) is actively contributing to a sustainable future. The company’s mission is to address the significant energy consumption of buildings, particularly in Heating, Ventilation, and Air Conditioning (HVAC) sectors, and to reduce their ecological footprint. ACS offers top-tier data-driven solutions for HVAC and building control, for both the users and owners of buildings, considering each building as an integrated part of its surrounding environment.
ACS, as an innovative construction startup, leverages Information and Communication Technology (ICT) and Big Data analytics to bring a breakthrough in climate technology. The company captures comprehensive data on the design and lifecycle functionality of installations, using this information to enhance existing projects and inform future ones. ACS’s proprietary Enterprise Resource Planning (ERP) system, Climatics, is instrumental in managing an installation’s lifecycle from early design to usage and optimization.
Climatics integrates Digital Twin Technology and Machine Learning Algorithms to offer next-generation building intelligence. This unique approach to Building Installation & Property Management prepares buildings for integration into smart grids and heating networks. Additionally, this construction startup’s proprietary Smartbase platform digitally visualizes building installations and seamlessly integrates them into an easy-to-use interface. This integration allows for fully automatic controls for optimal energy performance, resulting in substantial energy savings of 15 to 40% in both new and existing buildings.
In conclusion, ACS, as a leading construction startup, is pioneering sustainable and circular solutions, effectively meeting global energy reduction goals with minimal technical personnel deployment. By doing so, it is not only optimizing comfort but also ensuring our buildings are energy-efficient, making a significant contribution to the sustainability of our planet.
5. Powerplay
Founded in 2020, the Indian construction startup Powerplay has made a significant impact on the construction sector by 2023. The idea behind Powerplay was sparked by the founders’ personal experiences with construction projects, where they noticed an urgent need to address common issues of budget overruns and project delays.
In the face of these challenges, the founders of the construction startup Powerplay spent considerable time on various construction sites to validate and comprehend the problems deeply. This led to the creation of Powerplay’s innovative solution, a centralized project management platform specifically designed for the construction industry.
The Powerplay platform empowers companies to avoid delays and regulate costs, enabling them to manage multiple projects simultaneously and monitor their progress in real-time. The platform incorporates a labor attendance and reporting system to streamline worker presence tracking, a critical aspect of project management in this construction startup.
Further enhancing its usability, Powerplay’s platform offers a site reporting feature that dramatically improves site-to-office communication. This enables real-time sharing of updates and encourages collaboration between on-site teams. Task assignment, issue identification in line with project timelines, and simplification of budget management and quantity billing are additional features that make this platform a game-changer in the construction startup landscape.
By 2023, Powerplay, a key construction startup, has not only developed a strong client base but also created a blueprint for the future of the construction industry. The startup exemplifies how a problem understood from a personal perspective can inspire industry-wide improvements and drive meaningful innovation. Powerplay continues to be excited about its journey and the promise it holds for transforming the construction business.
6. AMATEC
Founded in 2021 in Toronto, AMATEC has swiftly evolved into a revolutionary construction startup by 2023, challenging the norms of the building technology industry with significant innovation. Recognizing the limitations and decreasing opportunities for innovation in the traditional “Big 4” building materials – concrete, wood, masonry, and steel, AMATEC, a notable construction startup, has pioneered a groundbreaking alternative: high-density gypsum.
Despite its lower density compared to traditional building materials, AMATEC’s technology enhances conventional gypsum’s density by 1.5-2 times. The result is a structural material stronger than ordinary concrete, capable of disrupting conventional building practices, a breakthrough in the construction startup ecosystem.
With the U.S. housing market grappling with widespread shortages, AMATEC’s high-density gypsum carries immense growth potential. Its unique attributes outpace the Big 4 materials, providing numerous advantages. The material hardens in just 20-30 minutes, reaching handling strength rapidly and gaining strength 10-100 times faster than concrete post-production.
Through AMATEC’s innovative process, this construction startup can manufacture a kit for a 1,300-square-foot house within 12-16 hours. This kit can then be assembled on-site in 1-2 days, offering a ready-to-move-in solution. AMATEC’s approach revolutionizes the traditional construction model by selling custom-made, ready-to-assemble house sets directly to customers.
Another industry challenge AMATEC addresses is the high manual labor cost, which can account for up to 50% of the total building cost. By increasing automation in manufacturing processes, AMATEC’s technologies can significantly reduce these costs.
Furthermore, high-density gypsum is eco-friendly. Producing less CO2 than cement production by a factor of 10, the fully recyclable material bolsters AMATEC’s commitment to sustainable construction. AMATEC’s high-density gypsum houses reduce carbon emissions by 3 to 5 times per square foot, positioning this construction startup at the forefront of sustainable building solutions.
7. CM1
Founded in 2020 in Germany, CM1 has swiftly ascended as one of the standout construction startups of 2023, revolutionizing construction site safety with sensor-supported, geo-referenceable lighting. Utilizing advanced technologies like the Differential Global Navigation Satellite System (DGNSS), this construction startup provides real-time location data for road construction sites, bringing traffic systems into the Internet of Things (IoT) era.
The growing number of accidents on German motorways has been a cause for concern. In 2019 alone, 22 lives were lost and nearly 2,800 people were injured, while traffic congestion steadily increased. Responding to this challenge, CM1, the construction startup, developed smart warning lights capable of transmitting their precise location continuously, even when moved, offering a proactive solution to enhance traffic management and safety.
An optional “View” model provides a camera feature using machine learning algorithms to detect traffic safety efficacy at construction sites. Data is accessible online, offering time and cost efficiency. This data is also shared automatically with relevant authorities, facilitating smoother construction site management.
CM1’s software further impresses by auto-calculating polygons once the warning lights are set up, accurately collecting site data, and providing a real-time overview on a centralized platform. This aids in traffic safety monitoring and ensures compliance with GDPR.
The data collected on the platform, including parameters like narrowed lane width, closed lanes, and construction site dimensions, streamline planning and management across authorities. This, in turn, informs more efficient traffic flow planning, potentially minimizing congestion and facilitating route planning for emergency services.
CM1’s commitment to maintaining compliance with GDPR and BSI while interpreting raw data with intelligent algorithms marks this construction startup as a pioneer in the realm of smart infrastructure. The startup’s integration of network protocols to facilitate real-time data transfer underlines its place as a leader among successful construction startups in 2023.
8. Mesh
Established in 2022, Swiss construction startup Mesh has swiftly established itself as one of the most successful startups in 2023, revolutionizing the construction industry with its pioneering robotic rebar solutions. Mesh’s unique technology, a product of this innovative construction startup, merges formwork and reinforcement, all integral to computerized design and fabrication.
Leveraging industrial robots, robotic end-effectors, and digitally integrated peripherals, the construction startup Mesh creates intricate or curved reinforcement cages. The 3D steel mesh structures are then filled with a specific concrete mix, eliminating the need for conventional formwork. This enables construction companies to craft complex forms and structurally optimize concrete structures.
The journey of Mesh Mould, the world’s first technology to integrate formwork and reinforcement within a digital fabrication process, began between 2012 and 2014 with the development of a novel 3D printing process to create polymer meshes. Between 2015 and 2018, a team of specialists at the Swiss National Centre of Competence in Research (NCCR) Digital Fabrication further refined this technology, leading to its first real-world application in the DFAB HOUSE in Zurich. This innovative approach garnered the construction startup Mesh Mould the Swiss Technology Award in 2016.
The next few years, from 2019 to 2021, saw Mesh, the construction startup, further advancing the technology into a comprehensive industrial application, ready for large-scale production, with the support of industry partners SIKA AG and PERI SE.
Today, the Mesh team, consisting of engineers, architects, entrepreneurs, designers, and digital fabricators, continues to disrupt the construction industry, making robotic fabrication technology more accessible. With the ability to work with module dimensions of 4 x 2.5 x 2m, a minimum curvature radius of 0.6m, and wire diameters of approximately 6-12mm, Mesh offers unmatched versatility and innovation in construction.
9. Built Robotics
In 2016, Built Robotics emerged onto the scene with a bold vision: to revolutionize the construction industry by introducing fully autonomous construction vehicles driven by artificial intelligence (AI). Their flagship product, the AI Guidance System, has the remarkable capability to transform conventional construction machinery such as bulldozers, excavators, and compactors into autonomous robots. Equipped with a sophisticated safety system comprising sensors and a geofence, these autonomous vehicles ensure the protection of individuals and other vehicles on construction sites.
Following a successful entry into the market, Built Robotics experienced significant financial backing in 2019, securing a substantial $33 million in funding. This influx of capital was primarily provided by prominent investors such as Next47, Founders Fund, and NEA, underscoring the confidence and support garnered by the company’s innovative approach to construction automation.
Built Robotics’ offerings encompass a range of products and services centered around fully autonomous construction equipment. Their AI-driven solutions not only enhance efficiency and productivity on construction sites but also prioritize safety and precision in operations. By integrating cutting-edge technology with traditional construction machinery, Built Robotics aims to streamline workflows, minimize human error, and ultimately revolutionize the way construction projects are executed.
The company’s commitment to advancing automation in the construction sector is evident in its relentless pursuit of innovation and its dedication to providing state-of-the-art solutions tailored to the evolving needs of the industry. With a focus on delivering value through autonomous capabilities, Built Robotics continues to solidify its position as a leader in the realm of construction automation, poised to shape the future of the built environment.
Products and Services: Fully autonomous construction equipment
10. Branch
Branch Technology revolutionized the field of construction with its innovative Cellular Fabrication process, a groundbreaking technique for large-scale 3D printing. This patented method utilizes a freeform polymer matrix to fabricate building structures and facades, offering numerous advantages over traditional construction materials while significantly reducing environmental impact.
One of the key benefits of Branch Technology’s Cellular Fabrication is its ability to create complex, custom-designed shapes and structures that would be difficult or impossible to achieve using conventional building methods. This freedom of design allows for greater creativity and flexibility in architectural projects, opening up new possibilities for builders, architects, and designers.
In addition to its design flexibility, Cellular Fabrication offers significant environmental advantages. By utilizing a polymer matrix instead of traditional materials like concrete or steel, Branch Technology reduces the carbon footprint of construction projects and minimizes waste. This aligns with growing concerns about sustainability in the construction industry and positions Branch Technology as a leader in eco-friendly building practices.
The company’s success has been further bolstered by support from prominent investors such as EquipmentShare and Brick & Mortar Ventures. In their most recent round of funding, Branch Technology secured $11 million in investment, which will be used to expand their fleet of construction 3D printers. This infusion of capital will enable the company to meet growing demand for its services and continue pushing the boundaries of what is possible in construction technology.
Branch Technology’s products and services encompass a wide range of applications within the construction industry. From creating custom building components to fabricating entire structures, their large-scale 3D printing capabilities offer unparalleled versatility and efficiency. As the demand for sustainable, innovative construction solutions continues to rise, Branch Technology is poised to play a central role in shaping the future of the built environment.
Products and Services: Large-scale 3D printing for construction
11. AMPD Energy
AMPD Energy is dedicated to tackling carbon emissions and spearheading the shift towards renewable energy within the construction sector through its innovative product, the Ampd Entertainer. This cutting-edge energy storage system operates entirely on electricity, offering construction sites a sustainable alternative to traditional diesel fuel sources. Notably, the Ampd Entertainer boasts a remarkable reduction in noise pollution, emitting nearly 32 times less noise compared to diesel generators, thereby enhancing the environmental and operational sustainability of construction projects.
Since its inception in 2014, AMPD Energy has secured significant investments totaling $3.7 million by 2017. Currently, the company is actively pursuing expansion opportunities beyond its initial markets in Hong Kong and Singapore, demonstrating its commitment to advancing sustainable energy solutions on a global scale.
The cornerstone of AMPD Energy’s offerings lies in its zero-emissions energy storage systems tailored specifically for the construction industry. By providing construction sites with access to clean and reliable power, AMPD Energy empowers stakeholders to minimize their environmental footprint while optimizing operational efficiency.
The Ampd Entertainer represents a pivotal advancement in the construction sector’s transition towards renewable energy sources, offering a scalable and adaptable solution to meet the evolving needs of construction projects worldwide. With its proven track record of innovation and sustainability, AMPD Energy continues to drive positive change within the construction industry, positioning itself as a leader in the transition towards a greener and more sustainable future.
Products and Services: Zero-emissions energy storage systems for construction sites
12. Carbon Clean
Carbon Clean has pioneered a cost-effective CO2 capture technology designed for various job sites. Their innovative modular system offers a streamlined installation process compared to traditional carbon capture systems, while its compact size minimizes site disruption during and after installation.
Established in 2009, Carbon Clean has remained dedicated to innovation and global expansion, positioning itself as a leader in the field of carbon capture technology.
The company’s flagship product is a low-cost carbon capture technology that addresses the pressing need to reduce greenhouse gas emissions. By capturing CO2 emissions at their source, Carbon Clean’s technology helps industries minimize their environmental footprint and comply with emissions regulations.
In addition to their cutting-edge capture technology, Carbon Clean provides comprehensive services to support clients in implementing and maintaining their systems. This includes consulting, engineering, installation, and ongoing technical support to ensure optimal performance and efficiency.
Carbon Clean’s solutions are versatile and adaptable to various industries, including power generation, manufacturing, and transportation. Whether it’s retrofitting existing facilities or integrating carbon capture into new construction projects, Carbon Clean offers flexible solutions tailored to each client’s specific needs.
The company’s commitment to research and development drives continuous improvement and innovation in their products and services. By staying at the forefront of technological advancements, Carbon Clean remains poised to address the evolving challenges of climate change and contribute to a more sustainable future.
With a global presence, Carbon Clean has established partnerships and collaborations with industry leaders, governments, and research institutions to further advance the adoption of carbon capture technology worldwide. By fostering collaboration and driving innovation, Carbon Clean continues to make significant strides towards a low-carbon economy.
Products and Services: Low-cost carbon capture technology
13. Converge
Converge is a pioneering company that has developed cutting-edge AI and cloud-based technologies, which are powered by wireless sensors, to revolutionize the construction industry. Their innovative solutions aim to enhance efficiency and sustainability throughout the construction process. One of their flagship products, the ConcreteDNA platform, utilizes advanced technology to provide users with real-time strength data and predictions, enabling them to design concrete mixes that are not only more efficient but also eco-friendly.
In 2018, Converge secured funding from an Innovative UK grant, which was instrumental in furthering the development of its software. Since then, the company has garnered support from prominent investors such as Cambridge Angels, ef., and Martlet, indicating confidence in the potential of their technologies.
Converge’s products and services encompass a range of AI and cloud-based solutions tailored to meet the diverse needs of the construction industry. These include:
- ConcreteDNA Platform: This platform harnesses the power of AI and wireless sensor technology to provide real-time data on the strength of concrete, as well as predictive insights. By leveraging this information, users can optimize their concrete mixes for improved performance and sustainability.
- Construction Management Software: Converge offers cloud-based software designed to streamline various aspects of construction project management. From scheduling and resource allocation to budgeting and reporting, these solutions help enhance efficiency and collaboration among project stakeholders.
- Sustainable Building Solutions: With a focus on sustainability, Converge develops technologies aimed at reducing the environmental impact of construction activities. This may include optimizing material usage, minimizing waste, and implementing energy-efficient practices.
- Data Analytics and Insights: Leveraging data collected from sensors and other sources, Converge provides valuable insights to construction companies, enabling them to make informed decisions and optimize their operations for better outcomes.
Overall, Converge is at the forefront of driving innovation in the construction industry through its AI and cloud-based technologies. With a strong focus on efficiency, sustainability, and collaboration, the company is poised to make a significant impact on how construction projects are planned, executed, and managed in the future.
Products and Services: AI and cloud-based technology
14. Eave
Eave has developed cutting-edge smart ear defenders along with an innovative online platform aimed at addressing environmental noise issues in the construction industry, ultimately safeguarding workers from preventable hearing loss. Their advanced ear defenders are designed to allow users to adjust and reduce surrounding noise levels while still enabling them to hear important environmental sounds and engage in conversations. This feature enhances both safety and communication on construction sites, where noise levels can often be dangerously high.
In addition to the smart ear defenders, Eave offers a comprehensive online environmental noise visualization platform. This platform provides real-time visual representations of construction noise, making it easier for workers to identify and manage potentially hazardous sound levels. By offering both hardware and software solutions, Eave aims to provide a holistic approach to hearing protection in the construction sector.
Recognizing the potential of Eave’s innovative technology, Pembroke VCT made a significant investment of over $2.3 million in the company. This infusion of capital is intended to support Eave’s expansion efforts in 2021 and beyond, enabling the company to reach more construction firms and workers with its life-saving products and services.
Eave’s smart hearing protection system represents a groundbreaking advancement in workplace safety, addressing a critical need in an industry where hearing loss is a prevalent occupational hazard. By combining state-of-the-art technology with a deep understanding of the challenges faced by construction workers, Eave is poised to make a meaningful impact in reducing hearing-related injuries and improving overall well-being in the workplace.
Products and Services: Smart hearing protection system
15. ViAct
ViAct has risen to prominence as a leading platform specializing in AI-powered construction monitoring. By leveraging advanced computer vision technology, the company has developed a tailored platform specifically designed for the construction industry. This innovative system utilizes a combination of cameras and sensors to detect potential danger zones and instances of improper safety measures on construction sites, thereby enhancing overall safety protocols and minimizing risks.
In a significant development earlier this year, ViAct announced the successful acquisition of $2 million in funding. The company has outlined strategic plans for the utilization of this capital infusion, primarily focusing on research initiatives, further product development, and expansion efforts. This funding represents a vote of confidence in ViAct’s vision and capabilities, positioning them for continued growth and impact within the construction monitoring landscape.
ViAct’s suite of products and services revolves around their AI construction monitoring system, which forms the cornerstone of their offerings. This comprehensive system incorporates state-of-the-art AI algorithms to analyze real-time data captured by cameras and sensors deployed across construction sites. By harnessing the power of artificial intelligence, ViAct empowers construction professionals with invaluable insights and actionable information to proactively address safety concerns, optimize workflow efficiency, and mitigate potential risks.
Key features of ViAct’s AI construction monitoring system include:
- Hazard Detection: The platform employs advanced algorithms to identify potential hazards and safety violations, ranging from unsafe working conditions to equipment malfunctions, in real time.
- Safety Compliance Monitoring: ViAct’s system monitors adherence to safety protocols and regulations, alerting stakeholders to any deviations or non-compliance issues that may arise during construction activities.
- Site Surveillance: Through continuous monitoring via cameras and sensors, the platform offers comprehensive surveillance coverage of construction sites, facilitating enhanced situational awareness and risk management.
- Data Analytics and Reporting: ViAct enables users to access detailed analytics and generate comprehensive reports based on the captured data, facilitating informed decision-making and performance evaluation.
Overall, ViAct’s AI construction monitoring system represents a transformative solution for the construction industry, empowering stakeholders with the tools and insights needed to foster safer, more efficient, and productive worksites. With their recent funding milestone and ongoing commitment to innovation, ViAct is poised to continue driving positive change and delivering value to construction projects worldwide.
Products and Services: AI construction monitoring system
16. Fieldwire
Since its establishment in 2013, Fieldwire has solidified its position as one of the premier construction management applications known for its user-friendly interface and comprehensive features. With Fieldwire, users can efficiently monitor project performance, delegate tasks, generate reports, and seamlessly update plans and documents, making it an indispensable tool for construction professionals.
Fieldwire’s success is further evidenced by its significant funding achievements, totaling $40 million following its latest round of funding in 2019. This substantial investment reflects the confidence investors have in Fieldwire’s potential to continue innovating and providing value to its users within the construction industry.
Fieldwire offers a range of products and services tailored to meet the diverse needs of construction projects. At its core is its construction management app, which serves as a centralized platform for organizing and overseeing project activities. Through the app, users can collaborate in real-time, ensuring that everyone involved in the project stays informed and aligned.
Key features of the Fieldwire app include task tracking, allowing users to assign and monitor progress on specific project tasks, thereby promoting accountability and efficiency. The app also facilitates the scheduling of reports, enabling timely updates on project status and performance metrics. Additionally, Fieldwire’s document management capabilities streamline the process of sharing and revising plans, drawings, and other essential documents, reducing the risk of errors and delays.
Fieldwire’s commitment to user satisfaction and continuous improvement sets it apart in the construction management software market. By prioritizing usability and functionality, Fieldwire empowers construction teams to work more effectively, ultimately contributing to the success of their projects. As the construction industry continues to evolve, Fieldwire remains dedicated to providing cutting-edge solutions that support the ever-changing needs of its users.
Products and Services: Construction management app
17. Archdesk
Archdesk is a revolutionary cloud-based construction management software solution that seamlessly connects users to real-time information from any internet-connected device. The platform was meticulously designed to streamline workflows by automating numerous tasks, thereby significantly reducing the time and effort required for managing construction projects.
Since its inception, Archdesk has experienced remarkable growth and success in the industry. In 2016, the platform secured its inaugural client, marking the beginning of its journey towards transforming the construction management landscape. By 2019, Archdesk had achieved an impressive 300% year-over-year growth, a testament to its effectiveness and popularity among users.
Archdesk offers a comprehensive range of products and services tailored to meet the diverse needs of construction professionals. At its core, the platform provides cloud-based construction management software that serves as a centralized hub for project information and communication. From project planning and scheduling to budgeting and resource allocation, Archdesk empowers users with powerful tools to efficiently oversee every aspect of their projects.
One of the key advantages of Archdesk is its ability to deliver real-time insights and updates, allowing stakeholders to make informed decisions and adapt quickly to changing circumstances. By leveraging the power of the cloud, users can access critical project data anytime, anywhere, ensuring seamless collaboration and coordination among team members, subcontractors, and clients.
In addition to its core software offering, Archdesk also provides a range of supplementary services aimed at enhancing the user experience and maximizing the platform’s utility. These services may include training and support, customization options, integrations with other software systems, and ongoing updates and improvements to ensure that Archdesk remains at the forefront of innovation in the construction industry.
Overall, Archdesk stands as a leading solution for construction management, offering unparalleled efficiency, flexibility, and reliability to construction professionals around the globe. With its track record of success and commitment to continuous improvement, Archdesk is poised to shape the future of construction management for years to come.
Products and Services: Cloud-based construction management software
18. BuildingConnected
BuildingConnected is a renowned network facilitating connections between owners and builders throughout the pre-construction phase. The company offers a range of products tailored to different stakeholders in the construction industry, including BuildingConnected Pro, which targets general contractors and owners, TradeTapp, designed for risk teams, and Bid Board Pro, catering to subcontractors. These innovative tools streamline the bidding process and enable subcontractors to proactively address risks at an earlier stage.
In 2017, BuildingConnected successfully secured $22 million in funding to bolster its platform’s growth and expansion. Among its key investors are prominent firms such as Crosslink Capital, Lightspeed, and Bee Partners, indicating strong support and confidence in the company’s vision and potential.
BuildingConnected’s suite of products and services is centered around providing a comprehensive bid and task management platform specifically tailored for the construction industry. Through their platform, users can efficiently manage bids, track project progress, and collaborate with various stakeholders involved in the construction process. This not only enhances communication and coordination but also helps in mitigating potential risks and ensuring smoother project execution.
With BuildingConnected’s innovative solutions, stakeholders in the construction industry can benefit from improved efficiency, transparency, and risk management throughout the pre-construction phase. By leveraging technology to streamline processes and facilitate better communication and collaboration, BuildingConnected is playing a pivotal role in driving positive outcomes and enhancing overall productivity within the construction sector.
Products and Services: Bid and task management platform for construction
19. LiveCosts
LiveCosts has engineered a sophisticated system aimed at efficiently monitoring construction budgets and financial projections. Their comprehensive service encompasses a project dashboard, pricing catalog, supplier tracking, and a site application, all geared towards facilitating the seamless tracking of financial inflows and outflows throughout the construction process.
The genesis of LiveCosts’ software can be traced back to the assistance provided by the Competitive Start Fund. This support enabled the company to expedite its operations, a particularly crucial advantage during the pandemic when there was a heightened demand for digital financial forecasting solutions.
LiveCosts’ software stands as a testament to their commitment to innovation and adaptability in the construction industry. By leveraging technology to streamline budget tracking and financial forecasting, they have positioned themselves as leaders in their field, providing indispensable tools for construction companies striving for financial efficiency and project success.
The core components of LiveCosts’ offering include:
- Project Dashboard: A centralized platform that provides real-time insights into project finances, allowing stakeholders to monitor progress, identify potential cost overruns, and make informed decisions.
- Pricing Catalog: A comprehensive database of construction materials and services, complete with up-to-date pricing information, enabling accurate cost estimation and budget planning.
- Supplier Tracking: A feature that enables users to manage relationships with suppliers, track orders, and ensure timely delivery of materials, thereby minimizing delays and optimizing project timelines.
- Site App: A mobile application designed for use on construction sites, allowing workers to input data, capture receipts, and update financial records on the go, ensuring that project finances are accurately tracked and managed at all times.
In summary, LiveCosts’ construction cost tracking software represents a groundbreaking solution for the industry, empowering construction companies with the tools they need to effectively manage budgets, mitigate risks, and drive project success.
Products and Services: Construction cost tracking software
20. Billd
Billd offers a unique payment solution tailored to the needs of suppliers and contractors in the construction industry. The company’s innovative approach allows suppliers to receive upfront payment for materials, while providing contractors with a flexible repayment plan. This system effectively addresses the common challenge faced by contractors who often have to cover the costs of materials before receiving payment for their projects.
One of the key features of Billd’s solution is its 120-day payment terms, which eliminate the burden on contractors of having to front the expenses for materials. By extending the payment window, Billd ensures that contractors have sufficient time to complete their projects and receive payment before having to settle their accounts.
In 2019, Billd made a significant stride forward by securing $60 million in funding from LL funds. This investment was crucial for the company to launch its new payment method and expand its operations in the construction industry.
The core offering of Billd revolves around its flexible construction payment platform. This platform serves as a bridge between suppliers and contractors, facilitating seamless transactions and improving cash flow for all parties involved. By streamlining the payment process and providing access to upfront funding, Billd empowers contractors to take on more projects and grow their businesses while also ensuring that suppliers receive timely payment for their materials.
Overall, Billd’s payment solution represents a game-changer in the construction industry, addressing longstanding challenges and enabling greater efficiency and financial stability for contractors and suppliers alike. With its innovative approach and significant funding backing, Billd is well-positioned to continue driving positive change in the construction sector and helping businesses thrive in an increasingly competitive market.
Products and Services: Flexible construction payment platform
21. BigRentz
Established in 2012, BigRentz stands as the premier equipment rental network in the United States, boasting a vast network of over 12,000 partner locations nationwide. The primary goal of BigRentz is to streamline the rental process for construction equipment, ultimately reducing costs for businesses while simplifying the overall experience. Through its user-friendly online platform, BigRentz facilitates easy sourcing and scheduling of equipment rentals, ensuring prompt delivery straight to the designated work site. This approach not only saves valuable time but also aids in cost optimization for various construction projects.
In a significant development in 2020, BigRentz secured $15 million in private funding, enabling the company to further enhance its rental offerings. This infusion of capital allowed BigRentz to expand its range of available equipment, ensuring that customers have access to a comprehensive selection to meet their diverse needs.
More recently, in 2024, BigRentz made headlines with its strategic partnership with Billd, a move aimed at providing customers with convenient financing options. Through this collaboration, clients can now access flexible financing solutions tailored to their specific requirements, further enhancing the accessibility and affordability of BigRentz’s services.
BigRentz’s core offering revolves around its online heavy equipment rental marketplace, which serves as a one-stop destination for businesses seeking to procure construction equipment efficiently. By leveraging technology and strategic partnerships, BigRentz continues to revolutionize the equipment rental industry, empowering businesses with cost-effective solutions and seamless experiences.
With a commitment to innovation and customer satisfaction, BigRentz remains at the forefront of the equipment rental landscape, driving efficiency and productivity for construction projects across the nation.
Products and Services: Online heavy equipment rental marketplace
Conclusion
The future of construction startups holds tremendous promise within the construction industry, driven by innovation, technology adoption, and evolving market demands. These startups are poised to revolutionize traditional construction practices, ushering in an era of increased efficiency, sustainability, and safety.
One key area of focus for construction startups is the integration of advanced technologies such as Building Information Modeling (BIM), drones, augmented reality (AR), and artificial intelligence (AI). These technologies streamline project planning, enhance collaboration among stakeholders, and improve decision-making processes, ultimately leading to more cost-effective and timely project delivery.
Additionally, construction startups are at the forefront of sustainability efforts within the industry, developing innovative solutions for eco-friendly building materials, renewable energy integration, and waste reduction strategies. By prioritizing sustainability, these startups not only contribute to environmental conservation but also align with the growing demand for green construction practices among consumers and regulatory bodies.
Moreover, the rise of modular construction and prefabrication techniques presents significant opportunities for startups to disrupt traditional construction methods. By manufacturing building components off-site in controlled environments, startups can reduce construction time, minimize on-site labor requirements, and enhance quality control standards, leading to faster project completion and reduced costs.
Furthermore, construction startups are leveraging digital platforms to offer on-demand services, such as equipment rentals, workforce management, and project management solutions. These platforms provide greater flexibility and scalability for construction companies, enabling them to adapt to fluctuating project demands more effectively.
Overall, the future of construction startups is bright, driven by a combination of technological innovation, sustainability initiatives, and digital transformation. As these startups continue to innovate and disrupt the industry, they will play a crucial role in shaping the future of construction and driving growth and prosperity in the years to come.
Resources:
3dsourced | builtin | techeblog | ConX | BigRentz | Billd | LiveCosts | BuildingConnected | Archdesk | Fieldwire | ViAct | Eave | Converge | Built Robotics | Carbon Clean | AMPD Energy | Branch
For all the pictures: freepik
Resources:
3dsourced | builtin | techeblog
For all the pictures: freepik
