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November 28, 2023 | Business development

Have AEC-Tech Valuations Reached A Trough?

The article from BuiltWorlds discusses the impact of the US Federal Reserve’s monetary policies on AEC-tech valuations. Over the past 18 months, as the Federal Reserve raised the US 10-Year Treasury rate to combat inflation, venture capitalists and AEC founders faced challenges, with many startups closing or selling at a discount. However, the AEC startup ecosystem’s early stage of development and modest valuations helped avoid severe valuation drops. The article anticipates a shift in investor sentiment, as public markets have shown signs of recovery and private valuations are expected to follow. This change, coupled with the sector’s potential for digital transformation, positions AEC-tech ventures attractively for future VC investments. The Federal Reserve’s easing of monetary policies is expected to further bolster this trend by mid-2024, signaling a positive outlook for AEC-tech valuations in the coming quarters.

#contech #valuations #aecbusiness

November 28, 2023 | AI

Codesign adds carbon calculator and generative AI

Codesign partnered with 2050 Materials to bring an early-stage carbon calculator to its concept phase iPad app for architects. The company has also added a generative AI feature that turns simple massing models into rich visuals.

#contech #AI #aecbusiness

November 28, 2023 | Smart construction

Accelerating digital transformation in 2024

Paul Wilkinson, nima’s vice chair, says the alliance wants to help UK businesses deliver a strong return on their investments by accelerating digital transformation in 2024.

#contech #BIM #aecbusiness

November 28, 2023 | Smart construction

Planning for the year ahead: A look at how we build now

A survey of more than 1,000 construction professionals across the U.S. and Canada reveals that 28% of total project time is spent on rework, while 18% is spent searching for data.

#contech #aecbusiness

November 28, 2023 | Industrialized construction

AMC Bridge Presents Concrete 3D Printing Tech Demonstration

AMC Bridge’s Concrete 3D Printing for Autodesk Revit allows the detection of possible issues before the construction starts and ensures a smooth printing workflow.

#contech #3Dprinting #BIM #aecbusiness

November 27, 2023 | AI

Try AIMHI: The game-changing construction smart tool for engineers

AIMHI, an AI-driven construction cost optimization platform, uses real-time and historical data to learn project inefficiencies, manpower productivity, and overall cost behavior. The company’s founding members are three women.

#contech #AI #aecbusiness

November 27, 2023 | Industrialized construction

AI-powered robots primed to revolutionize construction industry

AI-powered robots can complete construction projects faster and safer than humans, researchers at the University of British Columbia believe. Robots will excel at modular construction but can also speed up individual processes in conventional on-site construction.

#contech #robotics #aecbusiness

November 27, 2023 | Extended reality

How this team planned for 3 different end users with VR

Construction pros from Rudolph & Sletten, Jacobs and Boulder Associates discussed the use cases for VR at the Design-Build Conference & Expo.

#contech #VR #aecbusiness

November 27, 2023 | Industrialized construction

After raising $600 million, proptech startup Veev is on the verge of closure

Modular construction technology startup Veev which raised a total of about $600 million is now on the verge of closure, according to Calcalist sources.

#contech #aecbusiness

November 24, 2023 | Smart construction

SmartHat is the Construction Wearable of the Future

SmartHat, a smart helmet, boasts real-time tracking features, environmental sensors, and tools to boost communication, collaboration and safety on-site.

#contech #safety #aecbusiness

November 24, 2023 | Industrialized construction

Panels slide onto apartment buildings to make them more energy efficient

Hydronic Shell Technologies, a startup, has devised prefab panels integrated with insulation, heating, cooling, and ventilation directed at renovating aged apartment buildings. Because the panels are mounted outside, tenants don’t have to leave during the retrofit.

#contech #sustainability #retrofit #aecbusiness

November 23, 2023 | Smart construction

How today’s contractors are leveraging data to reduce risk

The most budget-minded contractors are using data strategies to reduce insurance costs and obtain broader coverage.

#contech #aecbusiness

November 23, 2023 | AI

Graphisoft launches Archicad AI Visualiser

Archicad AI Visualizer, developed by Graphisoft and powered by Stable Diffusion, is a cutting-edge image generation tool that utilizes AI technology to produce realistic 3D visualizations during the initial design phase. It features a user-friendly interface specifically tailored for architecture and interior design professionals.

#contech #AI #BIM aecbusiness

November 23, 2023 | Smart construction

3 tips for contractors to leverage BIM

From aligning relevant parties to effective communication, experts broke down strategies at the Design-Build Conference & Expo.

#contech #BIM #aecbusiness

November 21, 2023 | Industrialized construction

Trimble completes first test of a fully autonomous soil compactor on live jobsite

Trimble has completed its first test of a fully autonomous soil compactor on a live job site.

#contech #aecbusiness

November 21, 2023 | Smart construction

Construction sector is ‘most targeted industry by cybercriminals’

Analysis conducted by cybersecurity solution provider CovertSwarm’s Offensive Operations Centre has shown that the construction sector has now become the most targeted industry by cybercriminals.

#contech #cybersecurity #aecbusiness

November 21, 2023 | AI

Voice-enabled equipment management platform promises time and cost savings

New AI-powered features for Foresight’s Fleet Intelligence solution allow it to be controlled by voice enabling users to speak into their mobile devices to ask for real-time information about the equipment being used for a project.

#contech #AI #aecbusiness

November 21, 2023 | AI

Startups must add AI value beyond ChatGPT integration

With startups competing for investment, the bar has been raised and AI elements are now essential to stay ahead of the game. ChatGPT has been an inexpensive and simple choice to achieve that; however, it looks like this is no longer going to be enough.

#contech #AI #startup #aecbusiness

November 21, 2023 | AI

Avvir announces product updates for more efficient construction workflows

Avvir, a New York City-based software company providing an automated risk analysis platform for construction firms, announced early this month a suite of new product enhancements.

#contech #AI #BIM #realitycapture #aecbusiness

November 21, 2023 | Industrialized construction

Four ways defence can lead construction’s net-zero drive

With the UK government’s 2050 net-zero commitment, the Ministry of Defence is setting out to build a more modern, fit-for-purpose and sustainable estate, driving change in four key areas.

#contech #sustainability #aecbusiness