Mine Vision closed $11.5M, Infra.Market's new tech

Snapshot

Resolve integrates Revizto VR collaboration, Mine Vision Systems raises $11.5M, UK construction faces new fraud regulations in September.

New Innovations and Partnerships

Resolve brings Revizto issues into VR collaboration: Resolve integrates with Revizto to let teams review BIM issues in real-time VR and web workspaces, enabling wireless collaboration on Meta Quest headsets with instant teleportation to issue locations. (aecmag.com)

Funding Rounds and M&A Activity

Mine Vision Systems: Mine Vision Systems announces an $11.5 million funding round to enhance hiring in Pittsburgh. (technical.ly)

NRB: Modular construction firm NRB aims for a KOSDAQ listing to generate 200 billion won. (chosun.com)

Policy & Regulation Updates

UK

Construction firms must prepare for new fraud regulations: New fraud regulations from the Economic Crime and Corporate Transparency Act will take effect in September, requiring large firms to implement reasonable prevention measures. (co.uk)

Opinions

How Infra.Market is fixing construction's old problems with full-stack tech model: Infra.Market digitized over 10,000 dealers and suppliers using IoT tracking, mobile apps like IM Rise that provide real-time concrete delivery visibility, and predictive analytics to target India's fragmented construction supply chain with AI-driven forecasting and automated workflows. (dqindia.com)

AI tools could let Architects Tie Profits to Building Performance: RIBA's Cristian Oncescu explains how AI-powered performance prediction tools could shift architects from fee-based pricing to outcome-based contracts, while renovation and adaptive reuse present the strongest opportunities for new practices in mature markets. (ribaj.com)

Construction industry divided on AI adoption: A CMS report reveals a growing divide in AI usage, with many firms embracing it while others hold back. (iclg.com)