ICYMI: HoloBuilder's $34M Secret, AI, Digital Drawings, and the Future

What if the next construction tech unicorn is bootstrapped and uses AI to revolutionise how we design buildings?  Rohan from Joist, a bootstrapped AI company, shows it's possible in the construction proposal space.

In our latest Bricks and Bytes monthly recap, Owen and Martin break down July's most fascinating developments in construction technology, featuring conversations with industry leaders.

Ever wonder how a startup goes from $8M to a big exit in construction tech? In this episode, we learned about HoloBuilder's journey from raising $8M to being acquired by Faro.

We also found out that despite big investments, the reality capture market still has room to grow. Companies like Cupix and Faro are leading, but there's space for new ideas in robotics and AI. Plus, we got insights on how some VCs are betting on AI startups, hoping to find the next big winner.

"AI will transform AEC so much, we won't have the same industry in 5-10 years." In this episode, we had Britton Langdon (SnapTrude) and Clifton Harness (TestFit) share their views on construction tech's future. We explored AI's impact, robotics in construction, and new ways to assess land deals.

Britton, with his background in founding and selling M Suite, shared insights on AI's practical applications in construction. Meanwhile, Clifton, driven by his developer father's challenges, explained how TestFit is revolutionsing land deal assessments.

Pricing Models. Almost a taboo subject in construction tech. And one that definitely results in sleepless nights for the poor founders trying to navigate it.

The truth is, there is no right (or wrong) model.

In fact, I remember listening to a podcast with Toeey (Founder/CEO of Procore), who described their method of volume-based pricing as “contrarian” and one their customers don’t love.

"It was so wildly unpopular with our customers even till this day some of our customers don't love it but it is it is a it's it's the ultimate yard stick and we really believe in it" - Tooey Courtemanche on 20VC.

If the true pioneer of construction tech says it. What hope do the rest of us have? 

With that, let’s explore some some of our guests and industry thinker’s views on Pricing models in construction tech.

(PS - if you just want the recommendations, scroll to the conclusion)

In the world of construction technology, few stories are as compelling as that of Mo Akbari Hochberg and HoloBuilder. It's a tale of innovation, perseverance, and the power of seeing opportunity where others don’t.

Melbourne-based construction safety software company, HammerTech, has secured a significant US$70 million (AUD$105 million) growth investment from Riverwood Capital, a Californian private equity firm renowned for its focus on technology growth and scalability.

Artificial Intelligence is reshaping the construction industry. From project planning to risk assessment, AI is making its mark. But who will benefit most from this revolution?