With the addition of new funding, Buildots has expanded its global reach and is set to double its global team, with new employees dedicated to sales, marketing, and R&D. The company plans to make its software standard on construction sites around the world and is exploring other potential uses for the technology.
The company’s founders were all in the military and the team began meeting while serving in the IDF. They then spent six months studying the challenges of the construction industry and focusing on creating solutions to solve these problems. They’ve raised $106 million in total funding, with the new funds going toward product development and expanding the team. This latest funding boost is the latest investment in a company that has been in business for just over two years.
Buildots’ technology brings process mining techniques to construction projects. Its software tracks the construction process and connects it with the original design and schedule. The AI algorithm double-checks new work against the original plan and updates the as-built digital twin model, enabling teams to take action immediately.
While Danon spent six months working on construction sites, he found that the most significant barrier to efficiency is lack of control. While construction processes are similar to those of other industries, they depend on multiple entities and are governed by many different rules. Using AI algorithms, Buildots’ technology is able to detect inefficiencies in construction projects and use data collected by cameras to improve the efficiency of construction.
Cyber insurance company Coalition, which specializes in cyber insurance, recently raised $175 million from Index Ventures. With this investment, the company will be able to accelerate its growth and create the digital insurance company of the future. The funding comes as the number of hacks has increased dramatically over the past year. Many companies have had to make the transition from an office setting to remote working in an effort to stay safe.
Custom Voice is a new Azure Cognitive Services product that lets developers build synthetic voices using neural text-to-speech technology. It’s currently in beta and available in most Azure cloud regions. It enables developers to build artificial voices that match specific personas or use cases. To get started, developers must create training data using studio-quality audio.
Expand its business
The Dapper Labs is bringing its Flow Blockchain technology to the wearables market with the Genies series. It allows users to trade NFT wearables and create collections. The company hopes to use the new capital to expand its business, and it is hiring across engineering teams.
The platform’s customization features allow users to fully customize purchased items. They will be minted on the Dapper blockchain, and they will cost less than $20. The secondary market prices will be decided by the owners. There will not be a secondary market at launch.
The company raised over $65 million from investors, and it plans to continue building its network of celebrity partnerships. It will also push its blockchain strategy to the fullest and continue rolling out avatar creator tools. This will help the company expand its reach beyond its current gaming platform. It has more than 100 employees.
The series is gaining fans among celebrities like Paris Hilton, Camilla Cabello, and Priyanka Chopra. The game also has the backing of Mary Meeker, who led the $65 million funding round for the project. Its users can use their Genies avatars to participate in a new virtual world.
Forms of creativity
Genies also plans to launch a new avatar creator tool that will make it easier for people to create their own avatar fashions. This will make the digital avatar economy more accessible to more people. While celebrities and high-profile individuals have been using the Genies platform to sell limited edition content, they are also opening up new forms of creativity.
The latest round of funding for Buildots brings the company’s total funding to $106 million. This new capital will be used to expand the company’s product development and its team. Founded in 2016, the company has already attracted customers from dozens of different construction projects. The funding will allow the company to double its global team, and it plans to focus more on product development and R&D. The company’s vision is to be a standard construction site tool.
Complete projects faster
The startup combines AI and computer vision to automate the construction process. Its hardhat-mounted cameras collect data, which is processed by AI. This allows construction teams to stay on schedule and flag mistakes in real-time. The technology is already helping major firms like the Build Group, Wates, and NCC complete projects faster.
Atari is an iconic consumer brand and a leading producer of interactive entertainment. The company is now splitting its business into two divisions, one for gaming and one for blockchain and licensing. The former will focus on the Atari brand while the latter will focus on the Atari Blockchain.
Currently, Atari has no debt and a profit of $20 million. The company has plans to return to the hardware business in 2019 with the launch of its new VCS. The company is also reviving its game production, with original titles like Days of Doom and remakes of classics such as Tempest 4000. The company has also developed its reputation by making successful games like Rollercoaster Tycoon, which was released in 2017. Recently, the company has gained exposure for its games in movies like Ready Player One, Blade Runner 2049, and other movies.
Aquant is a company focused on building AI-powered software for customer service professionals. The company recently raised $70 million in a series C round from investors including Lightspeed Venture Partners, Qumra Capital, and Angular Ventures. The new funding will help the company expand its engineering, client services, and go-to-market teams.
Atari is an iconic consumer brand and interactive entertainment producer, with a diverse range of products and services. The company recently announced that Wade J. Rosen, currently Chairman of the Board of Directors, will take the helm of the company as its new CEO. As part of the change, the company is separating its business into two distinct divisions: Atari Gaming and Atari Blockchain. The former will be run by Chesnais, while the latter will be led by Rosen.
The company employs about 28 people, including employees, and is also launching a hotel and shipping its VCS console.