{"id":35649,"date":"2026-06-04T05:47:23","date_gmt":"2026-06-04T12:47:23","guid":{"rendered":"https:\/\/essential.construction\/news\/6-contech-startups-raise-a-combined-121m\/"},"modified":"2026-06-04T05:47:23","modified_gmt":"2026-06-04T12:47:23","slug":"6-contech-startups-raise-a-combined-121m","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/6-contech-startups-raise-a-combined-121m\/","title":{"rendered":"6 contech startups raise a combined $121M"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n        <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/img\/play.svg?313321260226\" alt=\"-\"><br \/>\n        Listen to the article<\/p>\n<p>            <span class=\"text-to-speech__button__audio-length\">6 min<\/span><\/p>\n<p>    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/text-to-speech.divecdn.com\/newspost\/821903\/2026-06-03_13.46.53\/contech-funding-robotics-ai-artificial-intelligence-venture-capital.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p><span><span><span><span><span><span>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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Read on for six construction technology firms that recently received investor cash.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>August Robotics<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><strong><span><span>$30 million<\/span><\/span><\/strong><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>August Robotics, which builds autonomous robot fleets for builders, has raised a <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/augustrobotics.com\/news\/august-robotics-raises-30m-series-b-to-accelerate-autonomous-construction-robotics\" target=\"_blank\"><span><span><span><span><span><span><span><span>$30 million Series B equity financing round<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, according to a May 21 announcement from the firm. The round was led by Big Pi Ventures.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Las Vegas-based August Robotics\u2019 first product is \u201cLionel,\u201d 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.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Now, August is providing robots for use in AI data center construction, via a partnership with Stanley Black &amp; Decker\u2019s DeWalt tool brand, per the announcement.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Foresight<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><strong><span><span>$25 million<\/span><\/span><\/strong><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Foresight, which uses AI to help deliver project schedules, <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.foresight.works\/blog\/foresight-raises-25m-series-a-to-close-the-execution-gap-in-the-global-infrastructure-supercycle\" target=\"_blank\"><span><span><span><span><span><span><span><span>completed a $25 million Series A funding round<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, according to an announcement. The round was led by financial services group Macquarie Capital\u2019s venture capital team.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Foresight\u2019s 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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The team will use the funds to accelerate product development, team expansion and global go-to-market pushes.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>LightTable<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><strong><span><span>$22 million<\/span><\/span><\/strong><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>LightTable, which helps builders review and analyze construction drawings, has <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/05\/27\/3301908\/0\/en\/lighttable-raises-22-million-series-a-to-accelerate-ai-native-workflows-for-design-and-construction-teams.html\" target=\"_blank\"><span><span><span><span><span><span><span><span>raised $22 million in Series A financing<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, 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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Denver-based LightTable\u2019s 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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Xpanner<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><strong><span><span>$18 million<\/span><\/span><\/strong><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Xpanner, an autonomous machinery firm, <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/05\/15\/3295773\/0\/en\/xpanner-secures-18-million-series-b-bridge-round-to-scale-ai-powered-automation-in-construction.html\" target=\"_blank\"><span><span><span><span><span><span><span><span>raised $18 million in a Series B bridge round<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, or a funding round intended to \u201cbridge\u201d between larger funding rounds, the firm announced on May 15. Korea Investment Partners, one of Asia\u2019s largest venture capital funds, led both the May bridge round and the <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.crunchbase.com\/organization\/xpanner\" target=\"_blank\"><span><span><span><span><span><span><span><span>original Series B funding round in 2024<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, per Crunchbase.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Xpanner\u2019s X1 kit retrofits existing construction hardware and software-defined machinery for task-specific automation licenses. The tech is available on a subscription basis.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<section class=\"storylines-carousel-wrapper hide-small show-large\" id=\"desktop-carousel\"\/>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Cocoon Carbon<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><strong><span><span>$15 million<\/span><\/span><\/strong><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Cocoon Carbon, which uses an innovative method to manufacture key cement-making materials, <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.businesswire.com\/news\/home\/20260317569912\/en\/Cocoon-Secures-%2415M-Series-A-to-Fix-A-Critical-Supply-Demand-Gap-in-the-Concrete-Industry\" target=\"_blank\"><span><span><span><span><span><span><span><span>completed a $15 million Series A funding round<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, the company announced. The round was co-led by 2150, a venture capital firm focused on design and construction, and AEC investor Brick &amp; Mortar Ventures.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>When complete, Cocoon\u2019s 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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The funding will go toward the deployment of Cocoon\u2019s first commercial demonstration facility in the U.S. Meanwhile, it will also double its team size, per the March 18 news release.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>ProcurePro<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><strong><span><span>$11 million<\/span><\/span><\/strong><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>ProcurePro, a construction procurement platform headquartered in Brisbane, Australia, has <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/procurepro.co\/news\/capital-raise-2026\" target=\"_blank\"><span><span><span><span><span><span><span><span>raised $11 million in a funding round<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> led by QIC Ventures, one of Australia&#8217;s largest sovereign wealth funds, according to a May 5 announcement.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>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.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>ProcurePro will accelerate its construction-focused AI product suite and continue to expand across the U.K., the Middle East and North America.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/contech-funding-robotics-ai-artificial-intelligence-venture-capital\/821903\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. As &#8230; <a title=\"6 contech startups raise a combined $121M\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/6-contech-startups-raise-a-combined-121m\/\" aria-label=\"Read more about 6 contech startups raise a combined $121M\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-35649","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/35649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=35649"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/35649\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=35649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=35649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=35649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}