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Dive Brief:
- Buildots, a construction technology solution focused on project management, has Acquired the Genda workforce and security management platformaccording to a press release dated October 16. Financial terms of the deal were not disclosed.
- The acquisition will help Israel-based Tel Aviv-based Buildots connect progress and workforce insights, the company said, in its pursuit of a unique and scalable construction delivery platform.
- Austin, Texas-based Genda will continue to operate from its headquarters, led by CEO and founder Erez Dror, according to the press release. The company counts DPR, Hensel Phelps, Clark Construction, JE Dunn and ANDRES Construction among its clients.
Diving knowledge:
Buildots’ solution provides on-site progress monitoring using artificial intelligence and computer vision, according to the press release. According to the company’s website, Genda uses a combination of documents and sensors to monitor tasks, prevent delays and track metrics such as equipment counts and costs.
Together, the two companies aim to offer:
- Full visibility into the relationship between work, progress and productivity, including the root cause of inefficiencies.
- Clear and immediate insight into whether delay mitigation efforts are really moving the needle.
- Workforce progress and insights that can inform future planning and drive continuous improvement.
“Together, we’ll shine a light on construction productivity to reveal hidden insights. The result will equip contractors to react faster to what’s happening and also plan more effectively,” Dror said in the press release.
The move comes after Buildots $45 million funding round last May, which brought the company’s total funding to $166 million, making it a standout in the contech investment space.
“When contractors use Buildots to detect delay risks and create mitigation plans, they naturally want to know which levers worked. Our goal is to make that clear,” Roy Danon, co-founder and CEO of Buildots, said in the statement.
