News — construction technology

Bay Area startups see big opportunity in construction technology The industry has seen a torrent of investment in 2018 as startups seek to inject much-needed innovation into the sector. During the first half of 2018, investors pumped a record $1.05 billion in contech startups, which is 30 percent more than the 2017 total, according to a recent report from real estate firm JLL. Managing construction sites is hard work. The industry is plagued with high costs, labor shortages and slow progress. Construction is one of the least digitized industries in the world, according to a 2016 report from McKinsey Global...