Funding in AI and robotics technologies is spiralling – covering everything from AI analytics platforms to autonomous sites and self-driving trucks
MOMENTUM BUILDS
IN AI ANALYTICS PLATFORMS
AND ROBOTICS
Funding in AI and robotics technologies is spiralling – covering everything from AI analytics platforms to autonomous sites and self-driving trucks
WRITTEN BY : DOMINIC ELLIS
Beyond the frenzy of your standard construction site , a quiet revolution is taking place . Investment in new technologies is spiralling as the industry seeks to build efficiencies , improve productivity and reduce delays .
Global construction is valued at $ 13 trillion yet despite pioneering a lot of technological innovation , including CAD , simulation and early ML applications , the building and infrastructure construction is still the second least productive industry .
Every year , approximately 40 % of value is lost in unnecessary delays , rework and waste . Increased investments in BIM and visualisation while valuable , has not done much to bridge the critical gap between construction plans and the as-built reality .
UK-based construction analytics platform Contilio has raised an initial $ 1.5M led by VC Pi Labs to help drive expansion as the ConTech industry continues to grow . The breakthrough 3D AI construction analytics platform will use the funds to attract more customers , and further advance its product and tech .
Contilio ’ s AI platform provides actionable intelligence from 3D construction site data ( Lidar / Laser scans ) by intelligently classifying all structural , architectural and MEP elements and automatically comparing them with the BIM and the schedule .
The software works seamlessly with all commercially available Lidar / Laser scanners and most recently drones . Since launching from stealth in 2019 , Contilio has been used by global general contractors ( e . g ., Balfour Beatty ), developers ( e . g ., Prologis ) and owners ( e . g ., Enel ), helping them deliver building and infrastructure projects cheaper , faster and more sustainably .
On average , customers report that the Contilio platform delivers the progress and quality insights 15 times faster for 100 % of the construction site . This , for the first time , enables key stakeholders to remotely track
68 August 2021