Scaler raises $10 million for its ESG reporting and real estate decarbonization solution
Scaler, a startup based in Amsterdam and New York, has just raised $10 million in Series A to develop its real estate decarbonization platform.
Founded in 2021 by Zlatan Menkovic and Luc van de Boom, Scaler uses machine learning to streamline ESG data collection and reporting to help real estate investors reduce the operational carbon footprint of their assets.
By providing accurate data and detailed analytics, the platform allows clients to create decarbonization roadmaps, model the impact of decisions and generate reports for different regulatory requirements.
Since its launch, Scaler has won over around thirty clients, representing a total of more than $350 billion in real estate assets. In 2022, Scaler users reduced their carbon emissions by 15 million kilograms – the equivalent to the annual electricity use of over 10,000 homes.
This funding round was led by Plural, with participation from previous investor Base10 (an American VC fund). The funds raised will allow Scaler to expand its operations beyond Europe and the US, particularly in the Asia-Pacific where the company recently signed its first clients.
Intel invests $15 million in Buildots, a company that designs construction site digital twins
Intel Capital has just announced a strategic investment of $15 million in the construction tech startup Buildots. With this new funding round, the Israeli-British startup has now raised a total of $121 million since it was founded six years ago.
Launched in 2018, Buildots develops a construction site management solution powered by artificial intelligence and computer vision. Its system uses 360-degree cameras to regularly capture on-site data, to create a digital twin of the construction site. This technology is used to track project progress in real time, identify bottlenecks and optimize workflows.
Buildots recently launched an AI-powered “delay forecast” feature, which claims to be able to predict when delays might occur, enabling project managers to take preventative action. During beta testing on major construction sites, this function was able to reduce delay times by up to 50%.
As Intel is currently engaged in massive construction projects to increase its semiconductor production capacity, it could benefit directly from Buildots’ technology. The chip giant plans to invest around $100 billion in new builds and refurbs across four American states. Using Buildots’ solution could help Intel optimize its own construction sites, by reducing costs and delays for its expansion projects.
Australian construction site safety startup Hammertech raises $70 million
The Melbourne-based startup HammerTech has just secured a funding round of AUS$105 million (or US$70 million) from Californian investment firm Riverwood Capital.
Founded in 2013, HammerTech has developed a cloud-based platform that digitalizes and optimizes construction site safety and management processes. The startup claims that its tool reduces the time spent on administrative tasks by at least 57%. The platform has already been used on more than 20,000 construction projects worldwide. In Australia alone it has been used by 85% of the top 100 contractors in the country.
These new funds will mainly be used to fund the company’s international expansion, particularly in the US, as well as to increase its R&D. This comes at a time after the company opened offices in the UK and Ireland last year, marking the start of its European expansion.
There’s more…
Estonian startup Bisly raises €6.2 million to improve building energy performance – Read more on Tech.eu
Norwegian startup Leasi raises €1.1 million for its construction site machinery management solution – Read more on Eu-Startups
Indian startup Aereo raises $15 million for its drone infrastructure monitoring solution – Read more on Indian Startup Times
