Powerplay raises $2M, SPARK partners with TokenMe

Snapshot

Resideo plans 2026 spinoff, Powerplay raises $2M at 57% valuation drop, Akenza deploys 20K IoT devices across 300 UK properties, Japan begins mass 3D-printed housing.

New Innovations and Partnerships

Resideo Technologies announces strategic separation into two entities: Resideo Technologies Inc. plans to spin off its ADI Global Distribution business by late 2026 to enhance growth potential for both segments. (ainvest.com)

Pivott platform claims 60% productivity gains for construction projects: Pivott reports a 60% increase in productivity and 5% cost savings for construction projects through improved communication and digitized processes. (eliteagent.com)

Akenza partners with Bunch Tech for UK market entry: The Swiss IoT platform akenza has partnered with Bunch Tech to deploy smart building applications across 300 UK commercial properties, starting with 20,000 devices. (businesscloud.uk)

Construction ERP platforms enhance project efficiency: ERP systems in construction solve issues with cost control, planning accuracy, and on-site productivity, becoming essential for project delivery. (pbctoday.uk)

SPARK partners with TokenMe for UWB in construction: SPARK Microsystems and TokenMe will integrate ultra-wideband technology for real-time tracking and monitoring at construction sites, starting with the New Odense University Hospital project in Denmark. (iotinsider.com)

Funding Rounds and M&A Activity

Powerplay: Powerplay raises approximately $2 million in a funding round with a 57% drop in valuation from 600 crore to 258 crore since 2022. (businessoutreach.in)

Opinions

Two sleeping economic giants are reshaping global markets: On the latest Practical Nerds, Patric Hellermann and Shub Bhattacharya discuss Germany's 4 trillion infrastructure mobilization and India's rise to fourth-largest economy, exploring how both nations are asserting economic independence through massive domestic investment in energy, manufacturing, and strategic infrastructure. (foundamental.com)

Slow contech adoption threatens data center project delivery: A report from Revizto highlights that the construction sector's slow technology adoption risks delaying data center projects amid rising global demand for AI. (constructiondive.com)

Mass production of 3D-printed houses starts in Japan: Lib Work begins mass production of 3D-printed houses aiming for 10,000 units by 2040. (3dnatives.com)