ICYMI: SpaceX Lessons, ConTech Funding Hits $35B & EllisDon's Take

Author

Owen Drury
October 25, 2024 • Estimated Reading Time: 3 minutes

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This Week's Quickfire Bytes
Fuel your curiosity with this week's content
W/C 21st October 2024

NEW EPISODES
How To Build A Robotics Company - Monumental Super Series Episode 003

Note: This is Episode 3 of the Monumental Super Series we released last week.

In this episode, gain invaluable insights into building a cutting-edge robotics company from the ground up, perfect for tech entrepreneurs, construction industry professionals, and innovation enthusiasts.

open.spotify.com/episode/1bAI8kbpIEG1apea5NgJPV


Construction Tech Funding Hits $35 Billion: What's Next?

In this episode, we discuss Building Radar's impressive €6.5 million funding round from Socii Capital, powering their AI-driven sales automation software for the construction industry.

We also dove into Fundamentals' Q3 update on AEC Tech funding, revealing that total cumulative VC funding for construction tech has hit a whopping $35 billion - triple the 2019 level.

open.spotify.com/episode/0kA6oCLqyVKYwxCMv3Wtc8


How SpaceX Lessons are Shaping the Next Frontier of Space Construction - Lee Rosen

"The only laws you cannot break are the laws of physics." This mindset led SpaceX to successfully land rockets, and now it's driving innovation in space construction.

In this episode, Lee Rosen, former SpaceX executive and current President of Think Orbital, shares insights on the future of space technology and infrastructure.

open.spotify.com/episode/1drSklERmTEgMUOt2HoUQy


Can AI and Robotics Solve Construction’s Biggest Challenges? - EllisDon’s Take on Innovation, Startups, AI and Robotics

In this episode, we talked with Hammad Chaudhry, VP of Innovation and Construction Technology at EllisDon.

He shared insights on how they’re bringing cutting-edge startups and emerging tech like AI and robotics into the construction space.

open.spotify.com/episode/44U13MZBBMEyuGS94IhTTG

BRICKS & BYTES BULLETIN
How Flux Burned Through $29M – Lessons for AEC Innovators

Learning from failures is a powerful tool. Building on our "what went wrong" content (check out our previous post covering Modulous who spent £10m in one year), we've examined the story of Flux.

Despite raising a $29m Series B, Flux struggled to monetise effectively, which led to its eventual downfall. 

But why? And what can we learn?

Let's explore.

2 FAVORITE QUOTES:

"In this world, you're capital efficient or you die, right?"

- Lee on the critical importance of resourcefulness and capital efficiency in space startups

"The key thing is that you are not buying a robot, you're not leasing a robot, you're just getting a wall."

- Salar on their business model focus on outcomes rather than technology, making it easier for traditional construction companies to adopt their solution

LATEST STORIES

Future of Construction Robotics: Balancing Innovation with Industry Realities

Explore how construction robotics is evolving to address labor shortages and efficiency demands. Learn why experts predict widespread adoption within 5-10 years.

Asset-Light vs. Asset-Heavy: Navigating the Modular Construction Landscape

Explore the asset-light vs. asset-heavy debate in modular construction. Learn from recent successes and failures to navigate the evolving landscape of building innovation.

Construction Technology Business Models: Why Innovation Needs New Paths to Success

Discover why construction technology business models are the key barrier to industry innovation, not the tech itself. Learn from real-world successes and failures.

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