ICYMI: McKinsey, Mega-Deals, A New Series, and AI on the Jobsite

Construction tech is booming, but adopting it remains a challenge. Why? David Rockhill from McKinsey shared some eye-opening insights on our latest episode. He explained how the industry has changed in the last 6-7 years, with tech now tackling on-site issues - the biggest value pool in construction.

He also revealed how AR and VR are transforming construction worker training, making it faster and more effective than ever before.

Construction tech funding is booming, but is it all hype? In this episode, we learned about Coast's impressive $40 million Series B raise for their financial services platform in transportation.

We also got insights on the surprising growth in construction tech funding, reaching 0.53% of total venture capital. Plus, we heard a critical take on using headcount growth as a measure of startup success.

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.

On 26th July, we released an episode with Mo-Akbari Hochberg. Founder of the pioneering reality capture platform, Holobuilder. 

Founded in 2016 and then sold to FARO in 2021 for $34m, Mo decided to spend his small fortune on Nike Dunks, Air Max, Jordan and just about every other Nike shoe you can imagine…

Mo also bought his son a BitCoin which he will give to him on his 18th Birthday.

"I bought a Bitcoin for my newborn son, which he gets maybe when he gets 18. So let's see... Yeah, that's what I hope for him so he doesn't need to work when he gets 18."

But jokes aside. 

Amongst the controversial statements on fundraising and competition, Mo had some truly insightful takes following his journey and looking forward to the current and future state of Reality Capture.

In this week’s newsletter, we break this down.

Imagine trying to renovate a house blindfolded. Sounds impossible, right? Yet, that's essentially what we're doing when retrofitting buildings without physical substance data.

Construction technology is constantly evolving, and we’re thrilled to announce some exciting updates to our podcast lineup. We’re currently preparing a series of episodes focused on document management, offering valuable insights into the future of this crucial aspect of the industry.

In the heart of Europe’s green revolution, a German startup is making waves in the home energy efficiency market. Enter, formerly known as Baupal, is not just another player in the retrofitting game – it’s changing the rules entirely.