Information Technology
Buildots Raises $45M, as Pace of ConTech Investment Remains Brisk
Buildots' helmet-mounted cameras capture every action on a jobsite, while its AI function analyzes deliveries, placements of work and other project components to determine potential of schedule hiccups.
Photo courtesy of Eyal Toueg for Buildots
Investment in construction tech startups continues on stong a pace that, nearly halfway into 2025, indicates strong investment interest.
Leading the list of the latest investments is Tel Aviv-based Buildots, an artificial intelligence-powered construction management platform that announced May 29 a $45-million funding round led by Qumra Capital with participation from OG Venture Partners, TLV Partners, Poalim Equity, Future Energy Ventures and Viola Growth. The investment brings Buildots’ total funding to $166 million.
As part of the investment, Boaz Dinte, managing general partner at Qumra Capital, will join Buildots as a board member.
Buildots uses helmet-mounted cameras to capture worksite images and its AI then predicts possible future problems based on its reality capture images. Contractors that use Buildots include Turner Construction Corp., STO Building Group Inc., JE Dunn Construction Group, Samet Corp., Mortenson, Ledcor and Pomerleau.
“This investment is about transforming how construction is managed worldwide,” said Roy Danon, the tech firm CEO and co-founder..
On May 21, Stockholm-based Twiceme Technology—a provider of secure and digtial personal safety information for construction and other personnel—announced Securis, Velotec Sports' industrial head protection brand, as the latest personal protective equipment (PPE) partner to integrate its safety technology across their entire product line of safety helmets.
Twiceme's app and microchip technology are already integrated into helmets from manufacturers such as Studson, Guardian, LIFT Verona and Oakley. Integrating a Twiceme chip into helmets enables users to upload personal information and work-related documents such as certifications that are stored in the equipment. Once uploaded, first responders or safety managers can use a smartphone to access the information.
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Calgary-based Veerum in March raised $8.69 million in series B funding. The firm is a data-agnostic digital twin tool for industrial process and mining as well as for construction. Emerson Ventures and Veriten led the round.
"This funding will allow us to enhance our platform’s capabilities, optimize delivery for clients of all sizes, and scale our offering to meet the growing demand for operationalizing digital reality," CEO David Lod said in a statement.
