FieldAI raises $405M, Keychain secures $30M Series B

Snapshot

ITE College East opened a 2,000 sq m AEC training hub, while BASE, Converge, and Innoviz announced innovations in resilient housing, AI-driven concrete, and LiDAR. FieldAI raised $405M, Keychain $30M, and regulators in Malaysia, Nigeria, and Australia introduced new construction standards and reforms.

AEC Tech in Action

New training facility opens for built environment students: ITE College East launches a 2,000 sq m hub for architecture, engineering, and construction students, featuring simulated work environments and sustainable practices. (straitstimes.com)

New Innovations and Partnerships

New homes integrate cement and bamboo for typhoon resilience: BASE introduces a construction method combining cement and bamboo to withstand typhoon conditions in homes. (pressreader.com)

Researchers develop digital twins for steel reuse efficiency: A team from the University of Birmingham and University of Cambridge creates digital twins to improve the reuse of steel, anticipating a rise in reuse rates from 15% to 50%. (thecooldown.com)

Converge introduces AI-driven concrete management solutions: Converge's new systems leverage AI and embedded sensors for real-time concrete data, optimizing construction processes and reducing carbon impact. (techbullion.com)

Innoviz Technologies and partners collaborate on LiDAR adoption: Innoviz Technologies, Cron AI, and D2 Traffic Technologies partner to enhance LiDAR integration for intelligent transport systems in North America, with installations scheduled in Atlanta. (prnewswire.com)

Funding Rounds and M&A Activity

FieldAI: FieldAI announced it raised $405 million in funding, including $315 million led by Bezos Expeditions, to expand its AI software for robots used in construction and other industries. (siliconangle.com)

Keychain: Keychain announces a $30 million Series B funding round led by Wellington Management to expand its engineering and product design teams in India. (indexbox.io)

Policy & Regulation Updates

APAC

CIDB mandates accreditation for foreign construction workers: CIDB Malaysia requires all foreign construction workers to achieve certification under the new Accreditation Programme to ensure compliance and safety standards. (thesun.my)

Oceania

Red tape reforms discussed at economic summit: Australia's Economic Reform Roundtable emphasizes simplifying construction codes and environmental regulations to accelerate housing and green energy projects. (kyfreepress.au)