ConCntric raises $10M in series A, OpenSolar closes $13.1M in equity financing

Snapshot

ConCntric raised $10M Series A for AI in preconstruction; Valtor secured $700K pre-seed for Southeast Asia expansion; OpenSolar closed $13.1M for its AI solar platform. Illinois launched $50.6B infrastructure program. ASSA ABLOY released smart building-integrated door closers.

New Innovations and Partnerships

ASSA ABLOY enhances security with new door closers: ASSA ABLOY has launched a new line of door closers designed for smart buildings, enhancing security features and integration capabilities. (securityinformed.com)

Benetics AI launches awareness campaign for AI in construction: Zurich-based Benetics AI has released an AI-generated commercial showcasing the benefits of AI for craftsmen. (markt-kom.com)

Vietnam's architects focus on climate-responsive design strategies: A new generation of architects in Vietnam is implementing natural ventilation, passive cooling, and traditional materials to enhance building resilience against climate change. (domusweb.it)

Funding Rounds and M&A Activity

ConCntric: ConCntric announces a $10 million funding round to enhance AI capabilities in construction's preconstruction phase. (techfundingnews.com)

Valtor Solutions: Valtor Solutions has raised $700,000 in Pre-Seed funding led by Wavemaker Impact to expand its construction procurement services across Southeast Asia. (technode.global)

OpenSolar: OpenSolar announced it raised US$13.1 million in equity financing to expand its AI platform for solar installers. (pv-tech.org)

Policy & Regulation Updates

North America

Illinois unveils $50.6B infrastructure plan amid federal funding freeze: Illinois is launching a $50.6 billion infrastructure program while $2.1 billion in federal funds for Chicago projects is blocked by the Trump administration over diversity requirements. (constructiondive.com)

Opinions

Project economy startups command higher acquisition premiums than software: Foundamental GP Patric Hellermann argues that M&A premiums reflect replication timelines rather than technical elegance - explaining why capacity-driven project economy startups with physical infrastructure, supplier networks, and track record command higher multiples than pure software plays facing 6-12 month commoditization cycles. (foundamental.com)