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The lagging technological adoption in the AEC space (architecture, engineering, and construction), an aging workforce, and an inability to sufficiently staff the construction bender the economy’s been on for the past 2 years—annual construction spending exploded from $1.452 trillion to $1.745 trillion in the US over the past two years (data collection from April 2020 to April 2022)—has created an unparalleled opportunity for entrepreneurs, industry innovators, & savvy venture investors.
There are few leaders in the AEC innovation space, with the recently IPO'd Bentley Systems (BSY) & Procore (PCOR) leading much of this fragmented…