Buildots Secures $16m in Funding to Leverage the Power of AI to Construction Management

Buildots | August 06, 2020

Buildots has secured $16m in funding to leverage the power of AI to track, analyse and provide actionable data for construction project teams. Large projects still rely on tedious manual record-taking by project managers who often keep track of hundreds of thousands of tasks and the progress of dozens of contractors. Productivity in the construction industry has plateaued with researchers estimating that 98% of megaprojects suffer cost overruns of more than 30% and 77% are late. Buildots uses hardhat-mounted cameras to capture imaging on details of an ongoing project during regular site walks. The data is then automatically compared to the design model, allowing mistakes to be rectified immediately at a fraction of what it could cost to correct them weeks or months later. Roy Danon, CEO of Buildots, said: “Any efficient process must have proper controls in place, but till now, automatic process control has been impossible to implement in construction.

Spotlight

The construction industry in Canada is booming, which means new jobs are being created every single day. With so many people entering this sector, it’s more important than ever to recognize the common risks that can exist on job sites.

Spotlight

The construction industry in Canada is booming, which means new jobs are being created every single day. With so many people entering this sector, it’s more important than ever to recognize the common risks that can exist on job sites.

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CONSTRUCTION

Black Buffalo 3D Announces Strategic Partnership with Presidio Advisors for 3D Construction Printing in the Middle East

Black Buffalo 3D Corporation | August 04, 2022

Black Buffalo 3D Corporation has announced a strategic partnership agreement with Presidio, granting Presidio Advisors distribution rights for Black Buffalo 3D's NEXCON 3D construction printers, structural inks and related equipment in the Middle East. This partnership strengthens the ability of Black Buffalo 3D to address growing global demand for its large-scale 3D construction equipment and materials. Black Buffalo 3D continues to establish itself as a leader in construction technology and materials science. Over the past few years, the company has developed large scale modular 3D construction printers and the world's first structural concrete "ink" designed to meet requirements for ICC-ES AC-509 testing. Black Buffalo 3D continues to innovate its equipment and materials to increase 3D printing adoption in the construction industry. The company's NEXCON printers are being sold currently, and partnerships such as this will accelerate adoption of this new technology globally. Presidio is focused on innovation in the real estate and construction sector, including leveraging technology, robotics and blockchain to modernize and scale the industry. Presidio supports rapid, lower cost construction and sustainable development. Their initial regional focus will be on the Saudi, Turkey, North Africa, UAE, and Egyptian markets. "Presidio brings with it a wealth of expertise in sales, distribution, and promotion of new technology in the Middle East. This agreement will allow us to better serve companies looking to move into 3D construction with local representation and support as we grow Black Buffalo 3D's global footprint." -Michael Woods, CEO/COO of Black Buffalo 3D. Presidio's Chief of Innovation Jourdan Younis states, The Middle East has a huge demand for efficient, low-cost sustainable housing development. Presidio's 15+ years of expertise in innovative sustainable construction and technical design in the region make Presidio and Black Buffalo ideal partners to further the global expansion of the company. We will meet this demand head-on with the rapid scaling and deployment of 3D construction printers and technology. About Black Buffalo 3D Corporation: Black Buffalo 3D Corporation is the PA based subsidiary of Big Sun Holdings Group, Inc.—with locations in Pennsylvania, New Jersey, and New York. Black Buffalo 3D is poised to revolutionize construction and become the leading global provider of 3D construction printers (3DCP) from one to 3 stories, proprietary construction "ink" (Planitop 3D) and 3D print construction consulting services. NEXCON printers are now available for rent, lease, financing, and purchase globally. Print smart and sustainable infrastructure on-demand with Black Buffalo 3D NEXCON printers. About Presidio Advisors DWC, LLC: Presidio' Advisors' Venture Capital and Advisory teams give us the opportunity to work with people who mirror our commitment to transforming the Built Environment. Presidio is a leader in using and investing in companies that utilize Artificial Intelligence (AI), Machine Learning, and robotics to help revolutionize the way we think about buildings and sustainability. We do this by consulting for and partnering with highly promising companies that are changing their industries in the EMEA region. Presidio specializes in the CleanTech, PropTech and renewable energy sectors, and has a wealth of experience in supporting early-stage existing businesses and in facilitating the growth of pioneering projects.

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ENGINEERING TECH

Arcline Investment Management Completes Acquisition of Omega Engineering Inc.

Dwyer Group of Companies | July 06, 2022

Arcline Investment Management (Arcline), today announced that it has completed the acquisition of Omega Engineering Inc. (Omega or the Company) from Spectris plc (LSE: SXS). Omega is a leading provider of sensing, control, and monitoring technologies and has joined the Dwyer Group of companies (Dwyer), an Arcline portfolio company. Founded in 1962, Omega is an established global leader in the technical marketplace, offering more than 100,000 state-of-the-art products for measurement and control of temperature, humidity, pressure, strain, force, flow, level, pH, and conductivity. Omega also offers a complete line of data acquisition, heating, and custom-engineered products. Omega's business is fully integrated, with in-house design and engineering, manufacturing, and distribution capabilities facilitating made-to-order products at attractive lead times, positioning the Company as a technology partner of choice to process engineers worldwide. As a global leader in sensing and instrumentation technologies, Omega is a logical, complementary addition to the Dwyer Group of companies, Arcline commented. Omega brings temperature sensing technology leadership as well as an innovative set of IIOT solutions, which have wide-ranging applications for Dwyer Group's existing sensing and instrumentation portfolio. Together, the combined businesses offer customers the broadest portfolio of highly configurable temperature, pressure, flow, and level solutions for critical environment and automation applications. EC M&A served as financial advisor to Arcline. About the Dwyer Group of Companies- The Dwyer Group of companies consists of a series of companies and brands including Dwyer Instruments, Love Controls, Mercoid, WE Anderson, Proximity and UFM. Dwyer is a global leader in the design and manufacture of innovative sensors and instrumentation solutions for the IEQ, building automation, process and environmental markets. Founded in 1931, Dwyer is headquartered in Michigan City, Indiana, and has additional offices in Asia, Europe and Australia. To learn more about Dwyer Instruments, visit www.dwyer-inst.com. About Arcline Investment Management- Arcline Investment Management is a growth-oriented private equity firm with $4.4 billion in cumulative capital commitments. Arcline seeks to invest in technology-driven, meaningful to the world industrial businesses that enable a better future.

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MATERIALS,CONSTRUCTION

Phase Change Solutions Poised for Continued Growth and Innovation with Partnership and Investment from GAF

GAF | August 03, 2022

Phase Change Solutions (PCS), a leading smart materials company, today announced a strategic partnership with GAF, a Standard Industries company and North America's largest roofing and waterproofing manufacturer, for developing and commercializing advanced materials for thermal management. The partnership includes integration of PCS' core technology platform, BioPCM®, with relevant GAF products in the building and construction markets. PCS' unique BioPCM® solution products, which are designed to absorb and release thermal energy at precise temperatures, enable customers to reduce their carbon footprint and reduce stress on HVAC systems in buildings, data centers and telecom shelters, as well as enable temperature control of pharmaceuticals and food products during transportation. GAF's 2030 planet goals include extensive plans to reduce operational carbon in buildings and communities through its products, services and expertise. Advanced technologies like phase change materials are key to achieving these goals while offering sustainable and durable solutions to its customers. Both companies have initiated work plans to collaborate and integrate their respective technologies to drive energy efficiency across the built environment. In addition, GAF was the lead investor in PCS' most recent series C funding round, which included Emerald Technology Ventures, Circulate Capital, Third Prime, GC Ventures America and others. "Partnering with innovative and agile companies like Phase Change Solutions is part of our strategic growth and innovation plan, Integrating technologies like Phase Change Solutions will give us the ability to provide our customers with energy-efficient decarbonization solutions while continuing to deliver the trusted performance they have come to expect from GAF." -Jim Schnepper, CEO of GAF. Commenting on the collaboration, Govi Rao, CEO of Phase Change Solutions said, We are very excited to be part of the GAF ecosystem, which covers a broad range of building applications as well as the renewable energy space. He added, Combining our BioPCM® platform with GAF's robust technology matrix, brand recognition and market access is an ideal recipe to create and deliver scalable, sustainable and circular economy solutions to the customers. About PCS: Phase Change Solutions (PCS) is a global leader in the development and supply of phase change materials ("PCMs"). The company's proprietary PCMs, collectively referred to as BioPCM® have been certified to include 100% bio-based content and listed among the USDA's BioPreferred® products. BioPCM® can be designed to store and release thermal energy at temperatures ranging from -75°C to 175°C. This tuning capability of BioPCM® enables customers worldwide to lower operating costs, protect perishable food & pharma and reach their sustainable development goals (SDGs). About GAF: GAF, a Standard Industries company, is the leading roofing and waterproofing manufacturer in North America. For more than 135 years, GAF has been trusted to protect what matters most for families, communities and business owners with its innovative solutions and focus on customer service. GAF's leadership extends to its commitment to making a positive impact on its communities, industry, and planet.

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