ENGINEERING TECH, CONSTRUCTION
Buildots | October 04, 2022
Buildots, which uses artificial intelligence and computer vision to dramatically improve efficiency in the multi-trillion dollar construction industry, has been named "Construction Software of the Year" at the prestigious London Construction Awards.
By collecting data with hardhat-mounted 360° cameras and processing the data with AI, Buildots enables construction teams to make informed decisions based on accurate information, significantly improving resource efficiency, reducing costly errors and saving time. The technology is currently in use across the UK, Europe, the United States, the Middle East and Asia.
In declaring Buildots "Construction Software of the Year", the judges' panel, comprised of industry experts from leading construction firms and contractor associations, noted the "high standards Buildots have in regard to industry practices and technologies".
The award was announced as part of London Build, the UK's leading construction and design show.
Buildots has been named one of LinkedIn's Top 15 Israeli Startups for 2021 and 2022, and was previously deemed the "One to Watch Company" at the Construction Computing Awards. The company recently completed a $60 million Series C funding round, reaching $106 million in total funding.
"In continually striving to enable better building, we're honored to receive this recognition as we lead the way in using technology to finally bring greater efficiency and transparency to the global construction industry," says
-Roy Danon, CEO and co-founder Buildots.
Buildots is a Tel Aviv and London-based technology provider leveraging the power of AI and computer vision to modernize the construction industry. Buildots uses hardhat-mounted cameras to capture imaging of every detail of an ongoing project. The data is then analyzed using AI models to transform random visual data into highly accurate, actionable insights that are correlated with the project's designs and schedule. The platform is helping transform construction management, enhance resource efficiency, save management time, and avoid costly errors on construction projects worldwide.
Procore | November 17, 2022
Inpensa, a leading provider of Capital Planning solutions, today announced an integration in partnership with Procore Technologies, Inc., a leading global provider of construction management software. This integration will provide robust capital planning solutions to Procore customers. Customers can now manage their capital plans, cost estimations and track CapEx-related project performance within Inpensa and exchange data with the Procore platform. The integrated solution helps solve a key industry challenge by streamlining the connection between the capital planning process and project delivery, and enabling greater insights that improve decision making.
Inpensa solution provides the ability to create a new project idea, develop a business case & cost estimations and use a dynamic workflow to approve it. All projects can be combined to develop a comprehensive capital plan at the individual business unit level with budget guardrails, scenario modeling, and reprioritization. Data can be exchanged with the Procore tools to eliminate double entry and create continuity. The combined solutions provide data analytics to allow for analysis and reporting. Customers can benefit from a standardized, easy-to-use process and the ability to optimize their overall capital spend.
For many years, the Inpensa Capital Planning Platform has been used by some of the world’s largest organizations to manage the full life-cycle capital planning process and help companies optimize their overall capital spend, said Suraj Nekram, Inpensa co-founder and CEO. We are excited about the partnership with Procore, the industry leader in construction management software and the opportunity to offer our solution to their global customers.
"We are thrilled to have Inpensa as a new Procore partner. Their team has deep knowledge and real-life experience in the Finance and Capital Planning space, and integrating the Inpensa solution with the Procore platform provides our mutual customers with an exciting opportunity to drive meaningful improvement in business workflows that are traditionally very siloed, disconnected, and inefficient. The integrated solution connects capital planning with project delivery to give stakeholders across the business increased efficiency, visibility, governance, and control."
-Jeremy Chasen, Senior Manager, Business Development at Procore.
Inpensa is a venture backed software company that provides purpose-built solutions for capital planning, capital appropriation requests and performance management. Inpensa customers range from small to some of the largest Fortune 500 companies in the world. Inpensa offers a pro-edition for smaller businesses and Enterprise edition for larger companies that have more complex requirements. Customers small and large benefit from our years of hands-on expertise, careful attention to details and customer centric approach. Our industry leading SaaS platform is built to develop better capital plans, effectively manage capital projects and optimize overall capital spend.
Procore is a leading global provider of construction management software. Over one million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've 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 our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.
DESIGN, ENGINEERING TECH, CONSTRUCTION
NV5 | September 17, 2022
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired KMK Technologies, LLC. (KMK), a provider of technology design and consulting services. KMK serves public and private sector clients that require advanced audiovisual, lighting, security, and IT systems for their facilities. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
KMK has designed the building technology infrastructure for numerous high-profile projects, and we look forward to integrating these capabilities into our Buildings and Clean Energy business. NV5’s ability to deliver both MEP and technology design provides a competitive advantage on projects requiring integrated technical capabilities, and the acquisition of KMK strengthens NV5’s position as a leader in building systems design and consulting, said Dickerson Wright, PE, Chairman & CEO of NV5.
“We are pleased to welcome KMK to the NV5 team as it strengthens our technology design and consulting capabilities.”
-Ben Heraud, COO of Buildings and Clean Energy Solutions at NV5.
About KMK Technologies:
Headquartered in Monroeville, NJ, KMK engineers serve facility owners and architects through world-class technology consulting and specialize in the design of audiovisual, security, Lighting, and IT infrastructure.
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure engineering, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad.