Acembee raises €1.2M, Virginia Tech launches grant program

Snapshot

Acembee raises €1.2M for construction site AI, Virginia Tech distributes $280K in smart construction grants.

AEC Tech in Action

Robots are optimizing brick wall construction efficiency: A robot is designed to enhance the efficiency and structural integrity of brick wall construction. (interestingengineering.com)

Automated clamp technology eliminates red zone exposure in Norwegian wells: Ace Well Technology's automated Control Line Clamp, deployed with Expro's Remote Installation System, removes personnel from hazardous red zones during well completion by marking a breakthrough in offshore drilling automation and crew safety on the Norwegian Continental Shelf. (wordoil.com)

Funding Rounds and M&A Activity

Virginia Tech: The Coalition for Smart Construction at Virginia Tech launched a seed grant program, distributing $280,000 across five projects aimed at addressing key challenges in the construction industry. (vt.edu)

Acembee: Copenhagen-based Acembee secured €1.2 million led by node.vc to expand its AI platform that automates energy monitoring and compliance reporting for construction sites, helping contractors reduce emissions by 40% while meeting Denmark's new CO2 regulations. (eu.startups.com)

Opinions

Practical Nerds link negative gross margins to market froth: On the latest Practical Nerds, Patric Hellermann and Shub Bhattacharya examine how companies selling below cost while raising capital indicate market dysfunction, citing AI startup Cursor, which pays $650M to Anthropic while generating $500M revenue. (foundamental.com)