As artificial intelligence continues to drive demand, and hyperscalers ramp up data center construction investments, tech services geared around rapid construction, autonomous machinery and AI-assisted planning processes piqued investor interest.
Read on for six construction technology firms that recently received investor cash.
August Robotics
$30 million
August Robotics, which builds autonomous robot fleets for builders, has raised a $30 million Series B equity financing round, according to a May 21 announcement from the firm. The round was led by Big Pi Ventures.
Las Vegas-based August Robotics’ first product is “Lionel,” a group of autonomous robot fleets designed to perform floor-marking for exhibitions and large indoor spaces. Now, the firm offers autonomous fleets of downward-drilling robots, which can be used on large prefabricated construction sites, according to the announcement.
Now, August is providing robots for use in AI data center construction, via a partnership with Stanley Black & Decker’s DeWalt tool brand, per the announcement.
August Robotics said it will use the funds to aid its global scale-up across its seven hubs, which are located across the U.S., Asia, Australia and Europe. It will also establish a new EMEA hub in Athens, Greece, and a new data and AI research and development center in Melbourne, Australia.
Foresight
$25 million
Foresight, which uses AI to help deliver project schedules, completed a $25 million Series A funding round, according to an announcement. The round was led by financial services group Macquarie Capital’s venture capital team.
Foresight’s Predictive Project Delivery platform helps builders establish schedules for their infrastructure projects. The firm, which is headquartered in London, says it creates a reliable baseline schedule in days instead of months and checks progress in the real world against delivery plans. Customers who have used the tool report completion forecasts that are twice as accurate and a 30% reduction in overruns, the March 17 announcement said.
The team will use the funds to accelerate product development, team expansion and global go-to-market pushes.
LightTable
$22 million
LightTable, which helps builders review and analyze construction drawings, has raised $22 million in Series A financing, according to a May 27 announcement. Innovation Endeavors led the round, and the firm counts general contractor Suffolk and residential developer Swire among its customers.
Denver-based LightTable’s product uses AI models to read and analyze construction drawings as a means of avoiding change orders, according to the announcement. Since it debuted in August, the tool has reviewed more than 20 million square feet of construction documents and $3.5 billion in total project costs.
When compared to human-only review, the company claims it successfully catches 70% of design errors, compared to 30% for people, and completes the review process in 3-5 days as opposed to 3-6 weeks for a human.
With the funding, LightTable will scale its quality assurance/quality control product, grow its team across all roles and introduce new tools, per the announcement.
Xpanner
$18 million
Xpanner, an autonomous machinery firm, raised $18 million in a Series B bridge round, or a funding round intended to “bridge” between larger funding rounds, the firm announced on May 15. Korea Investment Partners, one of Asia’s largest venture capital funds, led both the May bridge round and the original Series B funding round in 2024, per Crunchbase.
The company, which has its global headquarters in Seoul and its U.S. base in Santa Fe Springs, California, focuses on software-defined machinery, or machines that have their functions driven by their software rather than hardware.
Xpanner’s X1 kit retrofits existing construction hardware and software-defined machinery for task-specific automation licenses. The tech is available on a subscription basis.
The company plans to use the money to speed up its subscription model expansion and accelerate its physical AI solutions, said Ryan Park, co-founder and CFO of Xpanner, in the announcement.
Cocoon Carbon
$15 million
Cocoon Carbon, which uses an innovative method to manufacture key cement-making materials, completed a $15 million Series A funding round, the company announced. The round was co-led by 2150, a venture capital firm focused on design and construction, and AEC investor Brick & Mortar Ventures.
London-based Cocoon creates supplementary cementitious materials, or SCMs, key parts of the cement manufacturing process that are dwindling due to the decline of coal plants and iron blast furnaces, which historically produced these materials. Cocoon aims to solve this issue by converting steel slag, a byproduct of electric arc furnaces, into a cement replacement that the company says is low-cost and high-performance.
When complete, Cocoon’s product matches the performance of traditional SCMs, and reduces the embodied carbon dioxide of concrete by up to 40%, per the announcement. The company captures molten slag immediately within production and cools it 100 times faster than existing tech.
The funding will go toward the deployment of Cocoon’s first commercial demonstration facility in the U.S. Meanwhile, it will also double its team size, per the March 18 news release.
ProcurePro
$11 million
ProcurePro, a construction procurement platform headquartered in Brisbane, Australia, has raised $11 million in a funding round led by QIC Ventures, one of Australia’s largest sovereign wealth funds, according to a May 5 announcement.
ProcurePro offers a construction-specific platform that brings the full procurement lifecycle onto one program, per the announcement. Functions and features include scheduling, tendering and bid analysis. As of the news release, more than 6,000 construction projects have deployed the software around the world and processed more than 200,000 trade packages.
ProcurePro will accelerate its construction-focused AI product suite and continue to expand across the U.K., the Middle East and North America.
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