Welcome to ConTech Roundup #3 and this fortnight we saw two massive news stories drop:
Prefab behemoth Katerra collapsed, taking with it $2 billion in funding; and
Holobuilder was acquired by FARO Technologies for $34 million.
Here’s more news and commentary on these stories and other happenings in the construction tech scene from around the globe… Enjoy.
Dean.
ConTech Roundup is brought to you by the Construction Tech & SaaS Marketing Blog.
Katerra Collapse
Softbank-backed construction giant Katerra said to be shutting down after raising billions
Modular construction unicorn Katerra files for Chapter 11 bankruptcy protection
Katerra's downfall reminds us that it's (still) time to build
Why Katerra’s epic ending boosts ConstructionTech
Katerra employees fire back with lawsuit over abrupt closure
If Katerra can’t make it in prefab, can anyone?
News
FARO Expands Digital Twin Product Suite - Acquires HoloBuilder Inc.
Tiger Global Leads $30m investment into Briq, a fintech for the construction industry
XYZ Reality raises £20m to build AR for construction industry
Path Robotics raises $56M Series B for automated welding
Stack Construction Technologies acquires SmartUse Solutions
Google for Startups backs construction-tech startup iknowa
Popeyes Uses Green Construction Tech to Expand in Canada
Monash-developed technology improves safety, quality and productivity on construction sites
Introducing Procore Preconstruction: Connecting everyone in preconstruction on a single platform
Procore and Lowe’s Partner to Streamline Materials Procurement
Good Reads
Events
World of Concrete 2021: 4K video rewrites site delivery tracking from crane, aerial perches
ENR FutureTech 2021 Opens With a Look at Construction Robotics and Startup Partnerships
Construction technology fest draws over 300 industry experts
Watch
Katerra Key Learnings with Building Systems Industry Experts Modular, Panelized, Mass Timber
Listen
AI for Construction – An Interview With Daniel Faggella of Emerj
Bradley Tabone on Constructing You - It Takes Time and Failure
What the failure of a construction startup tells us about SoftBank
Grow
Dry Construction Market to Cross USD 102.8 Billion by 2027 | Market Research Future (MRFR)
Tech spending in construction to rise as activity picks up again in the industry