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Buildots raises $45M to help companies track construction progress | TechCrunch

TechCrunch · 2m ago

Buildots raises $45M to help companies track construction progress | TechCrunch

Buildots, a Chicago-based startup, raised $45 million in a Series D funding round to enhance its AI and computer vision platform, which tracks construction progress using images from 360-degree cameras on-site. Founded in 2018, Buildots aims to assist managers in making informed decisions by providing real-time data and alerts regarding potential risks or delays. The funding will help expand the platform's capabilities across the construction lifecycle and improve AI model training.

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Startups Weekly: AMD acquisition and other moves to scale AI startups | TechCrunch

TechCrunch · 2m ago

Startups Weekly: AMD acquisition and other moves to scale AI startups | TechCrunch

This week's Startups Weekly highlights significant developments in the startup world, particularly in AI and acquisitions. AMD acquired Enosemi to enhance silicon photonics for AI, while Netflix co-founder Reed Hastings joined AI startup Anthropic's board. Life360 updated Tile functionalities years after acquisition. Key funding updates include Neuralink's $600 million raise and Buildots securing $45 million in Series D funding for construction tech. Other notable investments span AI, energy optimization, and nuclear fission startups, signaling diverse growth in tech ventures.

Bullet train girder launched in Maharashtra, heaviest ever in India's construction sector: NHSRCL

Economic Times

Economic Times · 1m ago

Bullet train girder launched in Maharashtra, heaviest ever in India's construction sector: NHSRCL

The National High-Speed Rail Corporation Limited (NHSRCL) successfully launched India's heaviest pre-stressed concrete box girder, weighing 970 metric tonnes, for the Mumbai-Ahmedabad bullet train corridor in Maharashtra. The girder, a single unit without construction joints, uses 390 cubic meters of concrete and 42 metric tonnes of steel. Its deployment allows construction to progress significantly faster than traditional methods. NHSRCL employs specialized heavy machinery to support rapid construction efforts.

UAE conglomerate Al Nowais’ arm to get another backer for Egypt solar project

VCCircle

VCCircle · 7m ago

UAE conglomerate Al Nowais’ arm to get another backer for Egypt solar project

AMEA Power, the clean energy division of Al Nowais Investments, is on track to secure an investment commitment from a prominent global financial institution for its solar project in Egypt. The UAE-based company already has a significant portfolio of clean energy projects in operation or under construction in Burkina Faso, Guinea-Bissau, Mali, and other countries. This investment will further strengthen AMEA Power's position in the renewable energy sector and help drive the transition towards sustainable and clean energy sources in Egypt.

Exclusive: SparkCharge raises $30M to help fleets electrify without commitments | TechCrunch

TechCrunch · 2m ago

Exclusive: SparkCharge raises $30M to help fleets electrify without commitments | TechCrunch

SparkCharge, founded by Joshua Aviv, offers "charging-as-a-service" to help fleets electrify without the need for their own infrastructure. The startup, which began with mobile EV charging, now provides electricity on a per-kilowatt-hour basis to fleets across the U.S., Canada, and Mexico. Recently, SparkCharge secured $15.5 million in a Series A-1 round and a $15 million venture loan. This service allows companies to electrify their fleets without worrying about grid delays and infrastructure costs.

Consumer fitness brand Cube Club raises $1.1M in a seed round

IndianStartupNews

IndianStartupNews · 1y ago

Mumbai-based fitness brand Cube Club has secured $1.1 million in a seed funding round led by Harsh Jain, co-founder of Dream11. The startup has launched Dopamine, an AI-driven fitness app that aims to revolutionize the fitness journey by offering tailored guidance and motivation to users. The app will also serve as a platform for fitness experts to connect with users and display their offerings. Dopamine plans to leverage AI to provide personalized recommendations and track user progress.

Bosses don’t need a ‘What did you do’ email. They’re already tracking you.

Livemint

Livemint · 5m ago

Bosses don’t need a ‘What did you do’ email. They’re already tracking you.

Many companies now use technology to track employee productivity in real-time, eliminating the need for traditional status reports. Tools like WorkBoard and Aprimo provide managers with data on task progress and areas needing attention, fostering efficient feedback. While such tracking is beneficial, it's crucial to approach it sensitively, respecting employee autonomy. Misusing these tools or demanding immediate accountability can erode trust and potentially discourage talent, as seen in Elon Musk's controversial management style.

Orbio Earth finds methane leaks that could cost oil companies $9 billion this year

TechCrunch · 1y ago

Orbio Earth finds methane leaks that could cost oil companies $9 billion this year

A startup called Orbio Earth is utilizing satellite data to detect and track methane emissions from oil and gas facilities. Methane is a potent greenhouse gas and a major contributor to climate change. Orbio Earth's algorithms analyze freely available satellite data to identify methane leaks, providing emissions data to end users within 48 hours. The startup has raised $4 million in seed funding and aims to help oil and gas companies identify and fix methane leaks to mitigate their environmental impact. The company plans to expand its algorithms to track other greenhouse gases as well.

Exclusive: Powerplay valuation halves in fresh funding

Entrackr

Entrackr · 7d ago

Exclusive: Powerplay valuation halves in fresh funding

Exclusive: Powerplay valuation halves in fresh funding Construction management startup Powerplay is set to raise fresh capital from its existing backers, Accel India and Surge Ventures, after a three-year funding gap, but at a steep 57% valuation markdown. The board at Powerplay has passed a special resolution to issue 1,739 Series A2 CCPS at an issue price of Rs 98,512.12 per share, to raise Rs 17.13 crore (approximately $2 million), according to the company’s regulatory filings with the Registrar of Companies (RoC). Accel India and Surge Ventures will participate in Powerplay’s new round with Rs 8.56 crore each. According to the startup data intelligence platform TheKredible, the company will be valued at around Rs 258 crore or $30 million post-money, marking a 57% valuation cut, compared to its previous $7 million funding round in August 2022 led by Accel, which valued the company at around Rs 600 crore or $75 million. The company has raised Rs 117 crore to date. As per the filing, after this round, Accel will be the largest external stakeholder with a 21.25% stake, followed by India Quotient and Surge Ventures, which will hold 15.70% and 15.47%, respectively. Its co-founders, Iesh Dixit and Shubham Goyal, will cumulatively own 38.22% of the company. Founded in 2019 by Iesh Dixit and Shubham Goyal, Powerplay simplifies site-to-office communication to manage construction and architectural projects. It enables construction companies to track progress, attendance, material management, invoices, issue tracking, and budget management. Powerplay is yet to file its financial statements for FY25. The Bengaluru-based startup saw its revenue grow 43% to Rs 4.39 crore in FY24 from Rs 3.07 crore in FY23. At the same time, its losses reduced by 14% to Rs 31.92 crore.

Every fusion startup that has raised over $100M | TechCrunch

TechCrunch · 1m ago

Every fusion startup that has raised over $100M | TechCrunch

Recent years have seen significant investment in fusion power startups, driven by advancements in computer chips, AI, and superconducting magnets. Companies like Commonwealth Fusion Systems, TAE Technologies, and Helion are leading the charge, developing unique reactor designs and raising substantial funds. While each has a different approach—ranging from tokamaks to inertial confinement—they share a common goal of achieving commercially viable fusion power. Their progress could revolutionize energy markets if successful.

construction technology startup Bandhoo raises Rs 7.35Cr led by Venture Catalysts, others

IndianStartupNews

IndianStartupNews · 1y ago

construction technology startup Bandhoo raises Rs 7.35Cr led by Venture Catalysts, others

Construction technology and services startup, Bandhoo, has secured Rs 7.35 crore ($0.9 million) in a pre-Series A funding round led by Venture Catalysts. Bandhoo offers cloud-SaaS and marketplace solutions to streamline the construction ecosystem for developers, builders, contractors, material suppliers, and construction workers. The funding will be used to strengthen the company's Go-To-Market teams in various metro cities, enhancing product development and driving growth. With thousands of users across the industry, Bandhoo is poised to transform India's construction market.

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