Fiber Elements raises €2,6M, Construction AI adoption survey

Snapshot

The underground mapping startup raises $96 million is Series B, Hong Kong Housing Bureau partners with NAMI for construction tech.

AEC Tech in Action

Kobelco implements digital supply chain platform for production: Kobelco Construction Machinery adopts Blue Yonder's software to enhance global production and inventory management across its operations in Japan, China, Thailand, and India. (constructionbriefing.com)

New Innovations and Partnerships

Housing Bureau partners with NAMI for construction innovation: The Housing Bureau of Hong Kong signed an MOU with NAMI to develop innovative construction technologies and enhance public housing efficiency. (bastillepost.com)

Funding Rounds and M&A Activity

Exodigo: The underground mapping startup secures $96 million in Series B funding, achieving a $700 million valuation. (calcalistech.com)

Fiber Elements: Fiber Elements has raised €2.6 million in seed funding to develop automated basalt fiber production for sustainable concrete alternatives. (tech.eu)

Clean Fanatics: Clean Fanatics has raised $2 million to scale its home services and enter civil renovations. (therealtytoday.com)

Spacely AI: The Thai interior design platform Spacely AI has announced a $1 million seed funding round. (techinasia.com)

Opinions

Foundamental GPs decode DNA of unstoppable business models: On the latest Practical Nerds, Patric Hellermann and Shub Bhattacharya discuss five principles that help companies like Holcim, Heidelberg Materials, and PERI dominate industries rather than just compete in them. (foundamental.com)

Houzz survey shows AI is reshaping the design industry: A new Houzz survey reveals that over one-third of construction and design professionals use AI, saving an average of 3 hours per week, and 66% believe AI will transform the industry in five years. (hometextilestoday.com)