May 16, 2020

Ecobuild innovation shortlist revealed

eco building
eco build
green building
Innovation
Lucy Dixon
1 min
Ecobuild innovation shortlist revealed
The five eco building ideas that have made the shortlist of Ecobuild's Big Innovation Pitch have been revealed. The competition, organised in conjun...

The five eco building ideas that have made the shortlist of Ecobuild's Big Innovation Pitch have been revealed. The competition, organised in conjunction with Marks & Spencer, aims to discover green construction solutions that will help in the creation of a sustainable built environment.

The finalists:

Actimass Ltd - providers of thermal mass solutions

Air2eau - which ‘creates water out of thin air’

Skanska Facilities Services - bespoke facilities management 

Tadpole Energy Ltd - specialist heating efficiency 

Waterblade - a water-saving fitting

The companies will now make a final pitch to the judges on the final day of Ecobuild, a London-based conference and exhibition, with the winner getting the chance to take their product innovation further with M&S.

Chris Marney, Head of Engineering & Energy at M&S and one of the judging team, commented: “We have been overwhelmed by the response to the Big Innovation Pitch 2016 both in terms of the number and quality of applications. Each of the shortlisted entrants in particular showed ingenuity to develop a product or service that is addressing a real-life issue and spoke with real passion for their future applications. We look forward to hearing the pitches of the five finalists at Ecobuild 2016 and selecting the overall winner.”

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Jun 23, 2021

SafeAI attracts $21m funding as SmartMix AI tool launches

AI
Technology
Autonomoustrucks
funding
Dominic Ellis
3 min
News of SafeAI's new funding to develop connected, autonomous sites follows Giatec's launch of SmartMix AI tool

SafeAI has announced $21 million in Series A funding led by Builders VC which will accelerate R&D and fuel global expansion to meet rising demand for autonomous heavy equipment.

SafeAI is driving the transformation of the mining and construction industries through connected, autonomous sites. With chronic labour shortages, unsafe working conditions and frequent project delays, these industries are in a unique position to benefit from autonomy.

Unlike on-road applications of the technology, autonomous heavy equipment operates in controlled environments, which means companies can create smarter, safer, more productive project sites today that create meaningful, near-term impact.

“We are at a tipping point for autonomous heavy equipment,” said Bibhrajit Halder, founder and CEO at SafeAI. “We’ve proven that autonomy makes work sites significantly safer and more productive; now, we are on the cusp of mass adoption. Together with our valued partners, customers and investors, we’re poised to deploy autonomy in off-road industries like construction and mining, at scale, to rethink the way heavy industry operates.”

Heavy industry is a large, growing global market, ripe for disruption. The construction equipment market alone is valued at $140 billion, and expected to increase to $175 billion by 2025; construction-related spending accounts for a staggering 13% of global GDP, or $11.5 trillion.

But there remains significant room for growth; in construction alone, higher productivity could create an estimated $1.6 trillion in additional value. With just 25% of the infrastructure needed by 2050 in existence today, autonomy can bridge this productivity gap with greater efficiency and 24/7 operations. SafeAI is at the forefront of this transformation.

“There’s a tremendous amount of excitement in the autonomy space today; but it’s clear the biggest opportunity for this technology is off-road,” said Mark Blackwell, General Partner at Builders VC. “With its industry-leading autonomous software, scalable retrofit approach and partner ecosystem, SafeAI is uniquely poised to capitalize on this opportunity. We’re proud to support the company in its next chapter of growth as demand for autonomous heavy equipment continues to skyrocket.”

New investors LTCDG VenturesMACA and Vimson Group, and existing investors Autotech VenturesBrick and Mortar VenturesEmbark VenturesMonta Vista Capital and Obayashi Corporation, also participated in the round. The funding comes on the heels of a year of rapid growth for SafeAI, including new partnerships with ObayashiGoodyear and Macnica, and expansion into Australia’s booming mining market. 

A pilot program with Obayashi Corporation last November saw a Caterpillar 725 articulated dump truck autonomously complete a vital on-site function and carry out load-haul-dump cycles.

Giatec debuts SmartMix AI tool

Giatec has debuted what it claims is the world's first concrete AI tool for producers, SmartMixThe web-based AI tool allows producers to optimise concrete ingredient proportions, reduce cement usage, and predict the performance of their mixes while still meeting project specifications.

Giatec believes this tool will lower Greenhouse Gas emissions resulting from concrete production by 400 million tons annually, the equivalent of taking 110 million cars off the road.

SmartMix builds on Giatec's first AI software program Roxi, which has collected millions of data points from the company's SmartRock wireless concrete sensors across 8,000 projects and 80 countries.

Giatec's head of research and development, Andrew Fahim, said the new technologies are going to pave the path forward for the industry to meet increasing infrastructure demands.

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