As corporate investment in construction-focused startups has increased, clear patterns are emerging for the industry's technology priorities.
Construction tech, defined as technologies targeting the building, construction, and infrastructure spaces, is just starting to take hold.
Funding is booming, despite production difficulties at the space’s most prominent unicorn Katerra. Low digitization, declining industry productivity, and stakeholders with misaligned incentives provide ample opportunity for technology-driven improvement.
As startups working in the industry start to show real-world results, corporations in the construction industry are investing in construction tech startups to accelerate R&D development and capture productivity gains through partnerships.
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