Procore | July 16, 2022
Procore Technologies, Inc.a leading global provider of construction management software, today announced it is working with Amazon Web Services (AWS) to leverage AWS IoT TwinMaker to extend the value of construction data into facility operations. The tools AWS IoT TwinMaker provides accelerate the creation of digital twins for buildings, factories, industrial equipment, and production lines.
Procore’s platform serves to connect all construction stakeholders in the lifecycle of a built asset. AWS IoT TwinMaker will allow Procore data to be integrated from design and construction into operations. Procore project owners will be able to incorporate as-built information from Procore with real-time data sources using TwinMaker, extending the value of construction information into operations. This consolidation of information can streamline operations and maintenance and enable lifecycle analysis of portfolio assets.
“We’re very excited about our partnership with AWS. Roughly 80% of the lifecycle cost of a project is in the operations phase, With this partnership we can leverage Procore’s course of construction data during that operations phase to help owners reduce costs, optimize performance, and be better prepared for future project needs.”
-Tiffany LaBruno, product director, owners at Procore.
AWS IoT TwinMaker will make it faster and easier to create digital twins of real-world systems. Using AWS IoT TwinMaker, developers can get started quickly building digital twins of devices, equipment, and processes by connecting AWS IoT TwinMaker to data sources like equipment sensors, video feeds, and business applications. Built-in connectors for integration with sensors, 3D visualization, and downstream data analytics are transforming the built environment.
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe
ROBOTICS AND AUTOMATION,CONSTRUCTION
Trimble | September 22, 2022
Trimble Ventures, Trimble's (NASDAQ: TRMB) corporate venture capital fund, announced today its investment in Civ Robotics, a San Francisco-based construction tech startup focusing on transforming surveying layout for civil engineering and infrastructure projects. This investment supports Trimble Ventures' mission to invest in early and growth-stage companies that are accelerating innovation, digital transformation and sustainability in the industries Trimble serves—such as agriculture, construction, geospatial and transportation. The investment terms were not disclosed.
The construction industry faces a variety of challenges including shortage of skilled workers, safety and productivity. Civ Robotics addresses these challenges with CivDot, a new autonomous surveying solution that empowers efficiency, productivity and safety on the job. CivDot is an unmanned ground vehicle (UGV) designed for civil engineering and infrastructure projects such as solar farms, roadways, data centers, power plants and more. Augmenting the surveyors work, CivDot marks thousands of coordinates per day precisely and efficiently, while delivering layouts faster than traditional methods.
"We are focused on investing in companies that are seeking to address important challenges in markets that align with Trimble's mission of transforming the way the world works. Civ Robotics technology supports surveyors and field workers and helps remove the burden of repetitive and risky work, Civ Robotics uses Trimble's high-precision GNSS positioning technology and surveying software to improve productivity and increase safety. This is an exciting opportunity to help accelerate innovation in autonomy, surveying and construction."
-Aviad Almagor, vice president, technology innovation at Trimble and technology advisor for Trimble Ventures.
Trimble and our vision are in lockstep towards construction automation with a sharp focus on the highest standards of safety and quality, said Tom Yeshurun, co-founder and CEO, Civ Robotics, which announced its $5 million seed funding round this morning. Through Trimble's latest GNSS technology in our autonomous surveying products, our customers can benefit from an end-to-end workflow.
About Civ Robotics:
Civ Robotics is an autonomous surveying solution for civil engineering and infrastructure projects. The company's flagship product, CivDot, is an unmanned ground vehicle (UGV) which marks thousands of coordinates per day precisely and efficiently for large construction projects, while empowering workforces faced with labor shortages and subsequent delays. Through the press of a button and in a fraction of the time, Civ Robotics autonomous systems are revolutionizing projects, including solar farms, roadways, data centers, power plants, industrial development and large infrastructure.
About Trimble Ventures:
Launched in 2021, Trimble Ventures is a corporate venture capital fund focused on investing in early and growth-stage companies that align with Trimble's mission of transforming work in the agriculture, construction, geospatial and transportation industries. The fund deploys strategic capital to accelerate the growth of innovative companies and partners that complement Trimble's products, technology platforms and support its customer's work. Trimble Ventures targets investing in companies with technologies and solutions related to hardware and software applications; artificial intelligence; augmented, virtual and mixed reality; autonomy and robotics; blockchain; the Internet of Things (IoT) and analytics; and sustainability.
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.
Cadence | July 18, 2022
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has completed the acquisition of Future Facilities. The addition of Future Facilities technologies and expertise supports the Cadence® Intelligent System Design™ strategy and broadens its multiphysics system analysis and computational fluid dynamics (CFD) portfolios. Future Facilities’ electronics cooling analysis and energy performance optimization solutions for data center design and operations using physics-based 3D digital twins enables leading technology companies to make informed business decisions about data center design, operations and lifecycle management and reduce their carbon footprint. Future Facilities’ proven technologies serve a wide breadth of hyperscale, enterprise data center, managed services and colocation providers, including Hewlett Packard Enterprise, Digital Realty, Equinix and Kao Data.
Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare.