Gaussian Splats to Revit, Parspec raised $20M

Snapshot

Xgrids LCC plugin automates Revit modeling, Parspec raises $20M Series A, Dextall closes $15M round, UK Building Safety Act drives supply chain transparency.

New Innovations and Partnerships

Xgrids LCC plugin transforms Gaussian Splats into Revit models: Xgrids launched LCC for Revit, a plugin using 3D Gaussian Splatting to automatically generate BIM components from scan data, delivering 70-90% modeling efficiency improvements with one-click wall, door, and window creation. (aecmag.com)

CITB launches platform to connect jobseekers with construction employers: The Construction Industry Training Board has launched Go Construct Careers, a digital platform designed to help jobseekers profile and apply for jobs in construction across the UK. (constrictionnews.uk)

Al-Futtaim and Johnson Controls launch smart building platform: Al-Futtaim Technologies partners with Johnson Controls to introduce the OpenBlue smart building platform in the UAE. (zawya.com)

Arrow Electronics opens Engineering Solutions Centre in Bengaluru: Arrow Electronics launched its new Engineering Solutions Centre in Bengaluru to provide component engineering and system design validation for AIoT, edge computing, and energy management technologies targeting industrial and construction applications. (globalconstructionreview.com)

Funding Rounds and M&A Activity

Parspec: Parspec has raised $20 million in a Series A funding round to enhance its AI-driven construction supply chain platform. (cryptorank.io)

Dextall: Manhattan-based Dextall closed a $15 million Series A led by L+M Development Partners to scale its AI-powered platform that integrates design software with off-site manufacturing for building exteriors. (commercialobserver.com)

Policy & Regulation Updates

UK

New regulations drive transparency in construction supply chains: The UK Building Safety Act and other regulations require detailed traceability of construction materials, impacting procurement strategies and supply chain transparency. (azobuild.com)

EU

Germany drafts law to expedite geothermal and heat pump projects: The German government introduces a draft law to accelerate the development of geothermal energy, heat pumps, and related infrastructure by simplifying licensing processes. (review-energy.com)

Opinions

Construction Confidence Index - June Edition: Foundamental's Nina Weidenauer released the CCI, which uses AI to analyze over 2,000 monthly industry articles and measure AEC technology market sentiment, revealing that execution-focused companies now drive stronger confidence than speculation-based ventures. (foundamental.com)

Inside Palantir’s $100M nuclear gamble (and construction’s future): On Bricks, Bucks & Bytes, Owen Drury, Martin Piekarz, and Patric Hellermann discuss how tech companies building data centers are pressuring contractors to accelerate delivery through in-house software, streamlined processes, and prefabrication methods. (bricks-bytes.com)