StructionSite and Skanska sign technology-driven partnership
StructionSite, a provider of intelligent project tracking software that streamlines remote site documentation, has signed an enterprise agreement with Skanska USA Building.
A leading construction and development company, Skanska aims to apply the technology company’s real-time data collection to its construction sites across the country, so that Skanska USA Building’s project teams and stakeholders can access jobsites anywhere, anytime.
"We are excited to partner with Skanska to provide all of its teams with powerful technology that makes their work simpler and more efficient," says Matt Daly, founder and CEO of StructionSite. "Working together throughout the COVID-19 pandemic solidified our enterprise relationship as StructionSite enabled Skanska teams to function in new ways that will prove valuable long after COVID is gone."
Complementing Skanska USA Building's existing workflow systems, StructionSite's technology will enhance and organise complex information, making documentation easier to capture and faster to access, a statement adds.
The intelligent project tracking software allows teams to get in-depth insights into the status of work completed on a jobsite. StructionSite’s iOS or Android application will then enable construction teams to walk the jobsite, recording 360-degree videos and photos.
With the information gathered, AI-powered algorithms will be able to create project drawings that translate daily updates into actionable insights and valuable data. Furthermore, the technology’s simple user interface will give stakeholders the ability to view the jobsite from afar, as they will be able to virtually walk the jobsite from any phone, tablet, or computer.
"StructionSite's technology has increased communication and efficiency across our projects," says Anita Nelson, Chief Strategy Officer at Skanska USA Building. "The ability to bring up a photo or video in real-time helps us problem solve with clients and consultants who may not be physically onsite. We can now walk sites and share information digitally, which has been extremely valuable during the pandemic,” she explains.
Skanska core operations in the US include building construction, civil infrastructure and developing self-financed commercial properties, which together generated £5.8 billion in revenue in 2019. As a developer, the company has invested a total of £2 billion in commercial and multi-family projects.
SafeAI attracts $21m funding as SmartMix AI tool launches
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 LTC, DG Ventures, MACA and Vimson Group, and existing investors Autotech Ventures, Brick and Mortar Ventures, Embark Ventures, Monta 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 Obayashi, Goodyear 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, SmartMix. The 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.