The construction industry is undergoing a significant transformation, thanks to groundbreaking technologies that are reshaping how projects are managed and executed. In this blog, we will explore startups that are at the forefront of this revolution, leveraging tools for construction drawing interpretation and site safety compliance management to enhance accuracy and safety. We will also look at how worker productivity apps and visual construction monitoring are revolutionizing on-site efficiency and project management. Furthermore, the integration of photogrammetry cloud-processing solutions is changing the landscape of site surveying and modeling. We will also delve into AI-driven on-site communication tools, which are pivotal in improving team coordination and decision-making. Join us as we uncover 20 such game-changing construction startups to watch in 2024!
20 Construction Startups to Watch in 2024
- Sparkel – Construction Drawing Interpretation
- Under Construction – Site Safety Compliance Management
- ecopals – Sustainable Road Building Material
- RECOMA – Low Carbon Construction Boards
- BuildHop – Building Materials Procurement
- Provision – Contract Risk Identification
- Philom – Project Cost Optimization
- Crewscope – Worker Productivity App
- Vergo AI – Construction Expense Management
- ConstructN – Visual Construction Monitoring
- Mesh – Digital Rebar Solutions
- Recloud – BIM & Point Cloud Comparison
- LUYTEN – Construction 3D Printing
- Constream – Construction Invoice Management
- MF Drone – Photogrammetry Cloud-Processing Solution
- AMATEC – High-Density Gypsum
- CM1 – Construction Site Monitoring
- BuildPass – Construction Site Management
- Distill AI – AI-driven On-Site Communication
- Powerplay – Centralized Project Management
Global Startup Heat Map highlights 20 Construction Startups to Watch
Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 3 790 000+ startups & scaleups globally, we identified 5593 construction startups. The Global Startup Heat Map below highlights the 20 construction startups you should watch in 2024 as well as the geo-distribution of all construction startups & scaleups we analyzed for this research.
Based on the heat map, we see high startup activity in the USA and Europe, followed by India. These construction startups work on solutions ranging from construction drawing interpretation and low carbon construction boards to contract risk identification and project cost optimization.
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As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant technologies and industry trends quickly & exhaustively. Based on the data from the platform, the Top 20 Construction Startup Hubs are in San Francisco, New York, Bangalore, Toronto, and Denver. The 20 hand-picked startups highlighted in this report are chosen from all over the world and develop solutions for site safety compliance, worker productivity, project cost optimization, sustainable building materials, and much more.
Explore 20 Construction Startups to Watch in 2024
Sparkel simplifies Construction Drawing Interpretation
Sparkel is a startup from Norway that develops a construction drawing interpretation platform. It identifies all components, problems, and opportunities in the design, allowing users to create custom tables and find necessary quantities for informed decision-making. Users are also able to augment designs by adding their own elements and information.
Other features include creating shareable tables for cost estimation or sustainability accounting, drawing shapes directly onto BIM models, and managing design changes to understand their impact on quantities. Sparkel supports multiple BIM models in a single project, enabling accurate takeoffs across different disciplines. Finally, completed takeoffs can be shared with internal and external stakeholders through secure links, facilitating collaboration.
Under Construction provides Site Safety Compliance Management
UK-based startup Under Construction develops an app that digitalizes construction health and safety compliance. The app offers customizable digital forms, including health and safety, risk assessment, and method statement (RAMS) templates. It also features an admin portal for assigning roles, setting up projects, and creating forms. While staff use the app for completing documentation.
Training forms support training schedules, tracking employee skills, and facilitating toolbox talks with digital sign-off capabilities. Asset forms allow tracking business assets, including personal protective equipment and tools, with alerts for certification expirations. Process forms enable live updates on on-site activities like snagging lists and incident reports, enhancing site management and operational efficiency. Operations management forms offer project-specific documentation access, ensuring efficient project management.
ecopals manufactures a Sustainable Road Building Material
German startup ecopals makes a sustainable road construction material, EcoFlakes. It is a cost-effective polymer modification for asphalt made from recycled plastics. EcoFlakes enhance road performance and durability while reducing CO2 emissions, offering a sustainable solution in road construction.
The product increases resistance to rutting and maintains stiffness at high temperatures, thereby extending the service life of roads. Further, it does not negatively impact the cold flexibility, workability, or compactibility of asphalt. EcoFlakes are available at a lower and more stable price than bitumen, making them a cost-efficient option for both unmodified and previously polymer-modified asphalt.
RECOMA makes Low Carbon Construction Boards
RECOMA is a startup based out of Sweden that manufactures low carbon construction boards. These boards replace traditional building materials in a variety of applications — inner walls, exterior walls, ceilings, flooring, as well as furniture. They are strong and stiff enough to allow furniture to be mounted on the wall.
Moreover, they are smooth enough to be finished like a gypsum board. The boards have better sound insulation and fire resistance properties compared to wooden boards in a wall system. Further, RECOMA allows its consumers to return waste material after use (cut-offs, leftovers, demolition waste) to be recycled into new construction boards, thus promoting circularity.
BuildHop fcailiates Building Materials Procurement
Based out of Saudi Arabia, BuildHop is a startup that enables efficient procurement of construction materials, streamlining the ordering process for quick delivery to worksites. The platform offers a vast selection of items from multiple trades, digitized for easy browsing. It eliminates the need for coordination by handling supplier connections, payment processing, and material delivery scheduling.
The platform significantly reduces overhead and resource allocation by eliminating the need for dedicated drivers and time spent on repetitive tasks. The platform also offers various delivery options, including same-day and tracked deliveries, catering to urgent and planned purchases. Additionally, BuildHop includes functionalities like saving lists for team sharing and location saving for easy checkout at different job sites.
Provision offers Contract Risk Identification
Canadian startup Provision builds a tool that advances document analysis and risk assessment for construction companies. The platform automates checklists for various construction stages, enabling users to identify potential issues in project documents. The Project Co-Pilot feature assists in navigating and understanding crucial project documents, emphasizing risk identification.
Provision’s risk identification capabilities include spotting subcontractor qualifications and working hour restrictions. The platform offers other features like contract review, specification review, and automation of the reconciliation of supplementary conditions. The startup thus helps in sifting out unsuitable projects by identifying key risks and automating legal review processes.
Philom enables Project Cost Optimization
Indian startup Philom designs a construction solution that optimizes resources to reduce project costs. It focuses on efficient utilization of man-hours, materials, and machinery, aiming to enhance project profitability for builders and contractors. The platform provides a comprehensive view of on-site activities, enabling better decision-making and project management.
It features an integrated system for task allocation, real-time feedback sharing, and fraud detection, ensuring efficient resource management. Philom’s solution also emphasizes reducing quality defects and time delays through streamlined coordination and approvals on a single platform.
Crewscope builds a Worker Productivity App
Canadian startup Crewscope offers a construction productivity app that focuses on attracting, retaining, and motivating construction workers. Its key features include setting clear goals, communicating progress, and encouraging crew initiative. The app designs win-win incentives – aligning crew success with company achievements.
It fosters team collaboration through friendly competition and objective progress measurement. Crewscope engages construction workers by aligning their incentives with the app’s productivity tools. The platform thus bridges the gap between envisioned work and actual performance, enhancing overall jobsite efficiency.
Vergo AI streamlines Construction Expense Management
USA-based startup Vergo AI makes an AI-powered expense management platform for the construction industry. It simplifies tracking, submitting, and approving expenses, offering insights into spending patterns. The Expense Management feature software automates credit card reconciliation and receipt capture.
Moreover, users can simply upload a receipt and the platform matches them to the project and transaction. Further, the platform supports any credit card, integrating with major construction accounting and ERP software. Accounts Payable Automation feature sends all the processed invoices directly to the accounting tools for payment approval. Vergo AI processes the invoices in real-time, enhancing financial forecasting and control over cash flow.
ConstructN advances Visual Construction Monitoring
USA-based startup ConstructN builds a construction monitoring tool that collects construction data from drones, 360 cameras, LiDAR, and lasers. The platform turns this raw data into actionable insights, facilitating data-driven progress tracking for all construction phases.
ConstructN also integrates various jobsite visualization features, including virtual site walkthroughs, photo documentation, and progress mapping into BIM. Finally, its AI-powered engine delivers detailed reports on timeline comparisons, construction activity updates, and recent construction hotspots, improving productivity and project visibility.
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Mesh provides Digital Rebar Solutions
Swiss startup Mesh offers robotic rebar solutions. The startup’s robotic fabrication technology combines formwork and reinforcement as a part of computerized design and fabrication. It produces complex or curved reinforcement cages using industrial robots, robotic end-effectors, and digitally integrated periphery. The startup then fills the resulting 3D steel mesh functions with a specific concrete mix without utilizing conventional formwork. Construction companies use Mesh’s technology to create intricate forms and structurally optimize concrete structures.
Recloud simplifies BIM & Point Cloud Comparison
Spanish startup Recloud digitizes construction site control through its BIM and point cloud comparison software. The software utilizes 3D scans to automatically detect deviations between models and construction sites. Then, it creates reports of the deviations, classifying and sharing them for adjusting the project plans. Further, the platform provides a heat map mode that aids in studying deviation gradients in terrains and surfaces. Recloud’s software thus enables precise and digital control of on-site construction operations.
LUYTEN advances Construction 3D Printing
Australian startup LUYTEN manufactures PLATYPUS, a mobile concrete printer. It uses contour crafting technology to produce layers of mortar along a predefined path. The printer comes equipped with the startup’s proprietary extruder, TURSIOPS, which features an anti-clog mechanism for high-speed large prints.
The modeling software draws the blueprint of the construction project from where the 3D printer processes it. The concrete mix is loaded in the printer and the robotic arm and rails are set up to begin printing the structure layer by layer. LUYTEN uses its acoustic and optical non-destructive testing technology for real-time quality checks and fault detection. PLATYPUS thus reduces project completion time and cost while decreasing construction site CO2 footprints.
Constream facilitates Construction Invoice Management
Polish startup Constream provides a construction enterprise platform built on transparent, immutable, and auditable data using hyperledger technology. Its e-invoice management feature allows construction firms to synchronize cost and sales invoices in one place. This enables them to automate document flows as well as control and authorize contractor payments. The system assigns invoices to projects to manage costs and facilitate efficient project management.
Then, business intelligence tools analyze the allocation of invoices to different approval workflows, providing insights into financial performance. The platform also sends emails, SMS, and web push notifications on incoming and outgoing invoices to enable status tracking. Further, it allows construction businesses to define their own invoice authorization process. And, the metadata associated with each invoice makes it distinct and effortless to recognize and monitor its progress.
MF Drone develops a Photogrammetry Cloud-Processing Solution
French startup MF Drone offers a photogrammetry cloud-processing solution. The construction companies send their site images and the startup provides photogrammetry products such as orthomosaic, 3D models, and point cloud. This way, construction companies avoid expenses on software licenses and in-house product development. The startup’s calculation servers recreate models from several images faster compared to conventional workstations. Further, it incorporates GPS tracking points into the models for improved accuracy and functionality.
AMATEC creates High-Density Gypsum
Canadian startup AMATEC develops high-density gypsum. The startup’s technology increases the density of conventional gypsum for using it as a building material. Further, it supports high-speed manufacturing as well as requires less time to harden and reach its handling strength. The high-density gypsum is also compatible with solar heating. This advanced building material is cost-effective and an eco-friendly alternative to gypsum applications in the construction sector.
CM1 enables Construction Site Monitoring
German startup CM1 makes geo-referenceable, sensor-supported construction site light. It uses differential global navigation satellite system (DGNSS) technology and collects information on the location and area of road construction sites in real-time. The startup further connects traffic systems to the internet of things (IoT) to provide insights into the infrastructure. Additionally, the startup’s cloud backend collects and analyzes beacon position data using AI algorithms. This information is made available to users through its web platform or application programming interface (API) to monitor site safety.
BuildPass aids Construction Site Management
BuildPass is an Australian startup that develops construction site management software. It allows builders to set up construction projects and invite subcontractors. They upload project-related documents, such as safe work method statements (SWMS), safety data sheets, and insurance, in one place for review.
By simplifying communication, providing reminders, controlling documents, and monitoring work progress, it facilitates construction site management. Some of its features include conducting inductions, site diaries, ticket management, and checklists. Therefore, construction companies use BuildPass’ intuitive and all-in-one software for making site management less complicated and more streamlined.
Distill AI delivers AI-driven On-Site Communication
Distill AI is a US-based startup that develops an AI-driven communication platform. It integrates with construction management systems to extract critical information from onsite voice communications and messages. The platform’s AI transcription feature utilizes integrations for name and jargon recognition and transcribes voice.
Further, its content distillation feature uses the project’s structured data and applies AI to distill useful information. The platform also provides APIs to deliver real-time reporting, including meeting minutes, updates, summaries, and targeted alerts. Distill AI’s platform thus enables easy access to critical information for real-time decision-making.
Powerplay facilitates Centralized Project Management
Indian startup Powerplay offers a centralized project management platform that empowers construction companies to avoid delays and regulate costs. It allows businesses to manage multiple projects and track progress in real-time. The platform also includes a labor attendance and reporting feature that facilitates worker presence tracking.
At the same time, its site reporting feature streamlines site-to-office communication. This facilitates real-time update sharing and collaboration between on-site teams. The platform also enables task assignment and issue highlighting in accordance with project timelines while simplifying budget management and billing of quantities.
Discover All Emerging Construction Startups
The construction startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Construction Innovation Report for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies & emerging solutions that will impact your company in 2024!
