BuiltWorlds member StructionSite recently announced $10 million in funding that includes new institutional capital from 500 Global, who led the round, as well as strategic investments from PCL Construction and fellow BuiltWorlds member GS Futures and strong participation from other existing investors. After using StructionSite in the field, these construction leaders recognized the platform’s potential to help builders through bleeding edge technology designed around their specific needs. The new funds will be used to expand StructionSite’s platform capabilities and extend its leadership position in the market. The company also announced its latest partner integration with Latium Technologies. StructionSite’s project tracking data can now be seamlessly incorporated into Latium’s Job Site Insights(R) (JSI) Smart Construction platform.
StructionSite provides the most sophisticated project tracking platform on the market, with workflows that combine decades of jobsite knowledge with state of the art AI capabilities. In addition to its current industry-leading photo and video site documentation capabilities, StructionSite has developed technology to help specialty and self-perform contractors automate production tracking to drive even more efficiency for the industry.
StructionSite is also the most open platform in the space. It operates under the belief that partner integration is the key to successful innovation across the construction industry. By working with a slew of technology partners, including Procore, Autodesk, NewMetrix, as well as document management systems like Dropbox and Box, StructionSite ensures that systems function seamlessly and that all technology investments are fully utilized.
The new integration with Latium brings StructionSite’s project tracking capabilities, as well as photo and video site documentation, into the industry leading smart construction platform, Job Site Insights, to power the “smart jobsite” of the future.
Philip Lorenzo, Co-Founder and Chief Data Officer of StructionSite, very recently took part in BuiltWorld’s January Smart Jobsites Analyst Call, helping attendees gain an understanding of how various reality capture technologies are enabling owners and builders to leverage artificial intelligence and other emerging technologies to analyze existing conditions of projects and gather insights previously unimaginable. On this call we examined the current and future use cases of progress tracking technology, the platforms that leverage them and the definition of what progress tracking is today.
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