Article Title: Builders Eye Later Stage Startups in Funding Ventures
Excerpt:
Along the way, these tech survivors have established a toehold in construction by tailoring solutions to the industry’s endemic challenges — labor shortages, environmental unpredictability and cash bottlenecks — that threaten to derail projects, either on the jobsite or before they even start.
In the current environment, artificial intelligence reigns supreme as the most hyped technology. Additionally, robots, software platforms and physical equipment also play an important role on jobsites.
For example, Providence, Rhode Island-based Gilbane Building Co. used New York City-based Trunk Tools, which tracked around 21,000 discrete documents on the $456 million renovation of Milwaukee’s Baird Center to save money.