Provision raises $7M seed funding, Caracol closes $40M Series B

Snapshot

Bentley launches AI apps, Provision raises $7M seed, Heidelberg opens carbon capture facility, Aurigo partners with Autodesk, Caracol closes €40M.

New Innovations and Partnerships

Bentley Systems announces new AI applications for infrastructure: Bentley Systems unveils new AI capabilities and a co-innovation initiative for engineering firms at its Year in Infrastructure conference. (financialcontent.com)

Aurigo partners with Autodesk for capital planning integration: Aurigo Software announces a partnership with Autodesk to enhance capital planning and construction management workflows. (forconstructionpros.com)

Heidelberg Materials launches net-zero cement using carbon capture: Heidelberg Materials will open a carbon capture facility at its Padeswood cement works in Wales by 2029, capturing 95% of emissions to produce evoZero - the world's first net-zero cement for the UK construction sector. (edie.net)

ALLPLAN launches 2026 product releases focused on project lifecycle improvements: ALLPLAN announces new product releases for 2026 that enhance automation, collaboration, and sustainability for the AEC industry. (mynewsdesk.com)

Funding Rounds and M&A Activity

Provision: Toronto-based Provision announces $7 million in seed funding to develop AI copilots for pre-construction estimation. (betakit.com)

Prisma Photonics: TA Tel Aviv-based smart monitoring startup has raised $30 million from an Israeli defense tech fund. (timesofisrael.com)

Caracol: Caracol closes a 40 million Series B funding round to enhance its global presence and advance its robotic manufacturing technology. (co.uk)

Opinions

Challenges in digital twin technology for rail projects: A report highlights that digital twin simulations in rail projects often fail to deliver expected value due to integration and data challenges. (fticonsulting.com)