The technological advances we’ve made over the last few thousand years are stunning, but the construction industry still relies on centuries-old technology.
Configuring a robot to mix cement is easy, but delivering a CementTron 3000 to a job site, training employees on its use, and keeping it maintained are not the kinds of disruptions builders are looking for, especially when margins are so thin and experienced workers are hard to find.
Even so, investors are backing startups bringing robotics, data management, automation and augmented reality into the construction process.
Even if revolutionary new hardware is still on the horizon, construction tech startups are helping builders with bidding, scheduling, modeling software, and, quite frequently, drones.
To learn more about the market forces that are shaping construction tech in 2022, we spoke to five investors:
- Nikitas Koutoupes, managing director, Insight Partners
- Heinrich Gröller, partner, Speedinvest
- Momei Qu, managing director, PSP Growth
- Suzanne Fletcher, venture partner, Prime Movers Lab
- Sungjoon Cho, general partner, D20 Capital
On Tuesday, May 24 at 8:30 a.m. PT/11:30 a.m. ET, I’m hosting a Twitter Space with Silicon Valley immigration lawyer Sophie Alcorn, who writes the “Dear Sophie” advice column for TechCrunch+ each Wednesday. If you have questions about working and living legally in the United States, please join the conversation.
To get a reminder before the chat, follow @TechCrunchplus on Twitter.
Thanks very much for reading: I hope you have a relaxing weekend.
Walter Thompson
Senior Editor, TechCrunch+
@yourprotagonist
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