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As artificial intelligence continues to drive demand and hyperscalers increase investment in data center construction, technology services geared toward rapid construction, autonomous machinery, and AI-assisted planning processes piqued investor interest.
Read on for six construction technology companies that recently received investor cash.
August Robotics
30 million dollars
August Robotics, which builds fleets of autonomous robots for builders, has come up with a $30 million Series B equity financing roundaccording to a May 21 announcement from the firm. The round was led by Big Pi Ventures.
Las Vegas-based August Robotics’ first product is “Lionel,” a fleet of autonomous robots designed to perform floor marking for exhibitions and large indoor spaces. The firm now offers autonomous fleets of downhole drilling robots, which can be used on large prefabricated construction sites, according to the announcement.
August is now providing robots for use in building AI data centers, through a partnership with Stanley Black & Decker’s DeWalt tool brand, according to the announcement.
August Robotics said it will use the funds to help its global expansion across its seven centers, which are located in the United States, Asia, Australia and Europe. It will also establish a new EMEA center in Athens, Greece, and a new data and AI research and development center in Melbourne, Australia.
forecast
25 million dollars
Foresight, which uses AI to help deliver project schedules, completed a $25 million Series A funding roundaccording to an advertisement. The round was led by financial services group Macquarie Capital’s venture capital team.
Foresight’s predictive project delivery platform helps builders set schedules for their infrastructure projects. The London-based company says it creates a reliable baseline schedule in days instead of months and checks real-world progress against delivery plans. Customers who have used the tool report completion forecasts that are twice as accurate and a 30 percent reduction in overruns, the March 17 announcement said.
The team will use the funds to accelerate product development, team expansion and global go-to-market drives.
Light table
22 million dollars
LightTable, which helps builders review and analyze construction drawings, has raised $22 million in Series A fundingaccording to a May 27 announcement. Innovation Endeavors led the round, and the firm counts general contractor Suffolk and residential developer Swire among its clients.
Denver-based LightTable’s product uses AI models to read and analyze construction drawings as a means of avoiding change orders, according to the announcement. Since debuting in August, the tool has reviewed more than 20 million square feet of construction documents and $3.5 billion in total project costs.
Compared to human-only review, the company claims it successfully catches 70% of design errors, compared to 30% for humans, and completes the review process in 3-5 days instead of 3-6 weeks for a human.
With the funding, LightTable will scale its QA/QA product, grow its team across all functions and introduce new tools, according to the announcement.
xpanner
18 million dollars
Xpanner, an autonomous machinery company, raised $18 million in a Series B bridge roundor a funding round intended to “bridge” between larger funding rounds, the company announced on May 15. Korea Investment Partners, one of Asia’s largest venture capital funds, led both the May bridge round and the original Series B funding round in 2024by Crunchbase.
The company, which has its global headquarters in Seoul and its US base in Santa Fe Springs, California, focuses on software-defined machinery, or machines that have their functions driven by their software rather than hardware.
Xpanner’s X1 kit adapts existing construction hardware and software-defined machinery for task-specific automation licenses. The technology is available by subscription.
The company plans to use the money to accelerate the expansion of its subscription model and accelerate its physical AI solutions, Ryan Park, co-founder and chief financial officer of Xpanner, said in the announcement.
Cocoon Carbon
15 million dollars
Cocoon Carbon, which uses an innovative method to manufacture key materials for cement manufacturing, completed a $15 million Series A funding roundannounced the company. The round was co-led by 2150, a venture capital firm focused on design and construction, and AEC investor Brick & Mortar Ventures.
London-based Cocoon creates complementary cement materials, or SCMs, key parts of the cement manufacturing process that are declining due to the decline of coal plants and blast iron furnaces, which historically produced these materials. Cocoon aims to solve this problem by turning steel slag, a byproduct of electric arc furnaces, into a cement replacement that the company says is low-cost and high-performance.
When complete, Cocoon’s product matches the performance of traditional SCMs and reduces concrete’s incorporated carbon dioxide by up to 40%, according to the announcement. The company captures molten slag immediately within production and cools it 100 times faster than existing technology.
The funding will go toward the rollout of Cocoon’s first commercial demonstration facility in the United States. Meanwhile, it will also double the size of the team, according to the March 18 press release.
ProcurePro
11 million dollars
ProcurePro, a construction procurement platform based in Brisbane, Australia, has raised $11 million in a funding round led by QIC Ventures, one of Australia’s largest sovereign wealth funds, according to a May 5 announcement.
ProcurePro offers a construction-specific platform that includes the entire procurement lifecycle in one program, according to the announcement. Functions and features include scheduling, bidding and bid analysis. As of the press release, more than 6,000 construction projects have deployed the software worldwide and processed more than 200,000 trade packages.
ProcurePro will accelerate its construction-focused AI product suite and continue to expand into the UK, Middle East and North America.
