Built Robotics raises $64M to develop autonomous construction equipment
Built Robotics has just announced a $64M round of funding to continue its efforts to develop autonomous construction equipment. This American startup does not build the excavator itself: it relies on well-established manufacturers such as Cat and John Deere and markets a solution (“exosystem”) that makes any excavator autonomous. This “exosystem” is charged at $3,000 per machine per month, plus a per hour usage fee.
The solution has already been in operation for 13,000 hours, with no safety or reliability issues identified. To mitigate risk, Built Robotics uses a computer vision system that constantly scans for movement and obstacles around the machine, as well as various emergency stop systems.
The $64 million Series C round was led by Tiger Global and Built’s existing investors NEA, Founders Fund, Fifth Wall and Building Ventures. This round brings Built’s total funding to $112 million since inception.
BeamUp, an artificial intelligence-based design solution, raises $15M
Israeli startup BeamUp has raised $15 million in a seed round. Based in London, Tel Aviv and California, this one bills itself as “the world’s first automated design and lifecycle management platform for security, IT, IoT and HVAC networks.” It was founded in 2019 and already has several customers.
In concrete terms, its technology, based on artificial intelligence, streamlines and harmonises the design, maintenance and operation processes of corporate real estate by automating as many steps as possible. The aim is to reduce the time required to design infrastructures and then to gain efficiency in their management, throughout the life of the building. The solution is primarily aimed at architects and property managers.
The fundraising is intended to develop the company’s sales and marketing, as well as its international expansion. StageOne Ventures and Ibex Investments participated in the round, along with business angels such as Chano Fernandez, CEO of cloud solution Workday.
Deepki, a start-up specialising in the environmental performance of construction, raises €150M
French startup Deepki has raised €150 million in Series C funding. The company is building an as-a-service software platform for the real estate sector that aims to track and analyse ESG (environment, social and governance) criteria, starting with carbon emissions. Deepki aggregates data and automates its analysis, for example energy and water consumption and waste production. It uses APIs, web scraping and connections to SFTP servers to achieve this objective.
