From design analytics to digital collaboration to drone surveying, these companies are developing technology that's transforming every phase of the construction value chain.
From AI-driven analytics to project management tools, technology is changing the way construction is done.
Construction tech companies work across the entire construction value chain, from a project’s design phase to the building.
Several are developing platforms that could drastically change the supply chains and processes used in commercial and residential construction. These include Katerra, whose platform helps builders procure and construct easy-to-assemble structures, and Prescient, a startup bringing lean manufacturing principles to construction.
These technologies, combined with other solutions targeting more focused parts of the construction value chain, could make future construction sites look drastically different than they do today.
Funding to construction tech companies set a record in 2018 with $1.9B raised — up nearly 110% from 2017. Independent VCs and and corporate investors have poured over $86M in equity funding into construction tech startups so far in 2019.