Autodesk acquires construction software firm Pype
Autodesk, which is Nasdaq listed, is one of the global leaders in CAD (computer-aided design) software and is used and recognised around the world.
The firm has recently signed an agreement to acquire Pype which focuses on AI-based construction software.
The deal was made without disclosing the amount but it has been reported that the acquisition is to enable Autodesk’s India division to grasp a greater share of the real estate and construction market.
This is Autodesk’s second India acquisition this year, with the earlier one being a minority stake in Aurigo Software back in April. As demand for construction continues to rise amidst COVID-19 and digitalisation, this is the ideal time for companies to invest and focus on such solutions.
Autodesk’s CEO. Andrew Anagnost, commented on the acquisition saying: “Several hurdles that India’s construction sector face include frequent miscommunication and workflow disruptions, leading to project delays and cost overrun. Automation presents an opportunity to do things better - technologies such as AI, BIM, and cloud-based collaboration can help to address these challenges for increased productivity, lower risks, and better quality of output”.
Autodesk India is a provider of construction software for transport infrastructure projects in the nation such as airports and highway projects. It is aiming to expand to work with real estate developers in India.
Anagnost went on to say that employees from Pype will join Autodesk in due course.
Pype is a piece of construction software which aims to start projects faster whilst enabling them to ‘finish stronger’.
The company is trusted by some of the world’s most innovative builders. Pype offers a range of different solutions depending on the clients’ needs. For example, its Closeout solutions enables projects to closeout on time to help avoid any project panic whilst simplifying the closeout process.
Other solutions include eBinder which is a polished project document turnover which is cloud-based and can easily compile turnover documentation into a dynamic PDF. SmartPlans, on the other hand, has the ability to extracts submittals and project schedules from drawings with the power of artificial intelligence.
Founded in 1982, Autodesk takes pride in the creation and development of cutting edge software for various industries, focusing mainly on architecture, engineering and construction.
The software company primarily focuses on CAD software and 3D printing solutions. It utilises some of the latest technologies to make it as effective and feature-rich as possible.
Chengdu Hi-Tech Zone to invest RMB30 billion in five years
Chengdu is upping the hi-tech stakes after unveiling six projects and pledging to invest RMB30 billion in building 50 R&D institutions in the next five years.
The six projects comprise Chengdu Minshan Hydrogen Energy and Carbon Neutralization Technology Research Institute; Chengdu Minshan Integrated Positioning and Navigation Timing Technology Research Institute; Chengdu Minshan Power Semiconductor Technology Research Institute; Chengdu Minshan Microelectronics Advanced Enclosure Technology Research Institute; Chengdu Minshan Cell Engineering Technology Research Institute; and Chengdu Minshan West China Medical Surgery Robotics Research Institute. They will be backed by RMB450 million in funding.
The number of enterprises on the science and technology innovation board is also regarded as one of the important indicators of regional science and technology innovation strength. Since this year, enterprises in Chengdu Hi-tech Zone, such as Olymvax Biopharmaceuticals Inc., GIMI and Zongheng Stock, have successively landed on the science and technology innovation board. So far, there are 45 enterprises listed and passing reviews in Chengdu Hi-tech Zone, including 5 listed companies on the science and technology innovation board.
Centering on the three leading industries of electronic information, biomedicine and new economy, Chengdu High-tech Zone has attracted 128 Fortune 500 companies such as Intel and BOE, and introduced 11 ten-billion-yuan projects last year, involving companies such as Tencent, Baidu, and ByteDance.
In recent years, the zone has introduced six Nobel Prize winners, 20 academicians, and 328 national high-level talents, and nearly 150,000 enterprises from different industries have set up a presence, including more than 56,000 tech companies.
Chengdu High-tech Industrial Development Zone was set up in 1988, and in 1991, was approved as one of the first national high-tech zones. In 2006, it was listed as a pilot zone by the Ministry of Science and Technology and in 2015, approved by the State Council as the first national independent innovation demonstration zone in West China, according to China Briefing.
In February, Chris van Duijn was selected, alongside GMP, as the winner of the Chengdu Future Science and Technology City Launch Area Masterplan and Architecture Design Competition (click here). The 4.6sq km masterplan, designed for the innovation industry in collaboration with CAUPD and Swooding, has been conceived as a pilot project to drive the development of the city around the new airport east of Chengdu.
OMA and GMP will develop the first phase of the overall masterplan, which will include an International Educational Park in the west led by OMA, and a Transit Oriented Development (TOD) in the southeast led by GMP.
NYSE-listed Xinyuan Real Estate Co. recently announced completion of five newly constructed properties, including Chengdu Xinyuan City.
Located in Shu Du New Town in the Pi Du District, Xinyuan City is surrounded by natural resources and offers various commercial facilities and leisure amenities, and is near the Medi River, Municipal Park, Knowledge Park, Cuckoo Park, and Chuangzhi Park.
A massive replica of the sunken ocean liner is now under construction in Daying County in Sichuan province, around 130kms from Chengdu, according to CNN Travel. Dubbed 'The Unsinkable Titanic', the ship is the exact same size as the original, 269.06 meters (882 feet) in length and 28.19 meters (92 feet) wide.
Chengdu, located in south-west China with a population of 20 million, is the seventh wealthiest city in China.