Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the construction industry. This time, you get to discover five hand-picked construction risk management startups.
Out of 464, the Global Startup Heat Map highlights 5 Top Construction Risk Management Startups
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 464 exemplary startups & scaleups we analyzed for this research. Further, it highlights five construction startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 459 construction risk management solutions, get in touch with us.
OnSiteIQ creates Virtual Construction Sites
Founding Year: 2017
Location: New York City, USA
Funding: USD 12,4 M
Partner for: Computer Vision & 3D Modeling
US-based startup OnSiteIQ specializes in visual construction documentation for builders and owners. The startup builds 3D models for the complete site with each floor mapped in detail to create interactive floor plans. The virtual construction site is accessible from anywhere, anytime, and allows users to walk through the site in 3D using their platform. This enables construction site owners and managers to track the progress and assess risks using AI. OnSiteIQ also reduces the time spent in identifying potential risks and removes the need for physical on-site inspections.
SafetyBIM advances IoT in Construction Site Risk Management
Founding Year: 2019
Location: Netanya, Israel
Partner for: Construction Worker & Site Safety
Israeli startup SafetyBIM develops an AI- and IoT-based accident reduction system for the construction industry. SafetyBIM anticipates, warns, and shares potential dangers facing workers in construction job sites. The platform connects, collects, processes, and analyzes data from sensors to also increase in real-time the productivity of tasks. Moreover, SafetyBIM automatically provides sound or visual alarms according to the danger level, unlike current systems which are more reactive rather than proactive.
Salus Technologies develops Construction Safety Management Software
Founding Year: 2018
Location: Vancouver, Canada
Funding: USD 2 M
Partner for: Construction Safety Compliance Management
Canadian startup Salus Technologies provides a safety management platform that increases compliance by connecting field workers to corporate offices. The SALUS platform allows site managers to create digital forms, view subcontractor information, manage safety compliance, and track the status of certificates. Moreover, SALUS automates repetitive tasks and monitors construction site compliances in real-time, reducing human errors. In this way, the startup mitigates the financial and physical risks from construction sites.
Beawre provides Risk Management Automation Tools
Founding Year: 2019
Location: Barcelona, Spain
Partner for: Real Time Construction Risk Mitigation
Spanish startup Beawre provides data-driven solutions to reduce risks involved in construction processes. Beawre creates a continuous risk control platform that monitors each business process in real-time and recalculates risk severity using AI-based predictions. This solution allows construction processes across a project to be monitored simultaneously and provides organizations with a deep understanding of their operations. Beawre allows construction firms to better manage their operational risks by automating the risk identification process.
Barbal offers Construction Contract Management Software
Founding Year: 2018
Location: Bristol, UK
Partner for: Construction Document Tracking & Verification
UK-based startup Barbal develops software to streamline the documentation of construction projects. Barbal allows users to organize collaborators into teams for internal checking and sharing of documents. The software also enables automated comment handling, merging, and more. Further, the software enables project managers to easily work with contracts and project specifications. Barbal’s solution allows construction projects to ensure that their documentation is accurate and up to date, minimizing the risk of using outdated information.
Discover more Construction Startups
Construction startups such as the examples highlighted in this report focus on safety and risk management tools as well as digital twin and automation tools for construction management. While all of these technologies play a major role in advancing the construction industry, they only represent the tip of the iceberg. To explore construction technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free Construction Innovation Report to save your time and improve strategic decision-making.