Pavewise raises $2.5M in seed round, Heavy equipment diagnostics tool

Snapshot

TOPDON launches ArtiDiag HD for heavy equipment, Riverchain raises $5M Series A, Webcor acquires GCON, BuiltWorlds survey reveals AI efficiency focus.

New Innovations and Partnerships

TOPDON launches ArtiDiag HD diagnostic tool for heavy equipment: TOPDON released a device covering 60+ brands of trucks and construction machinery with full system diagnostics, and real-time sensor data on a 5-inch display with two years of software updates included. (forconstructionpros.com)

Exodigo launches engineering services for AI-driven project delivery: Exodigo introduces a new engineering services division aimed at enhancing AI-driven project delivery. (forconstructionpros.com)

Funding Rounds and M&A Activity

Riverchain: Hong Kong-based Riverchain raises $5 million in Series A funding to enhance its construction finance technology and support regional expansion in Southeast Asia. (asiabusinessoutlook.com)

Webcor: Webcor has reached a deal to acquire Phoenix-based GCON to strengthen its capabilities in advanced tech and mission critical construction. (constructiondive.com)

Pavewise: Pavewise raises $2.5 million in a seed funding round led by C2 Ventures and others. (manilatimes.net)

Milvus Advanced: Milvus Advanced announces a seed funding round to scale industrial production of next-generation nanoalloy technologies for critical element substitution. (streetinsider.com)

Opinions

Builders focus AI on efficiency over innovation: BuiltWorlds' 2025 benchmarking survey of 30 construction firms found 65% rate their AI maturity as average, with nearly all citing operational efficiency as the primary adoption driver - though 62% still cite data security concerns and 58% point to talent gaps as barriers. (constructiondive.com)