Welcome to Kyro’s weekly technology roundup, your go-to source for all the latest updates in the world of construction management.

In this edition, we bring you a curated collection of articles and insights that will keep you well-informed and ahead of the curve.

Funding and M&A

Dallas-Based Beck Technology Gets Growth Investment from Pamlico Capital, Along with New CEO

North Carolina-based Pamlico Capital has made a strategic growth investment in Dallas-based Beck Technology, a leading preconstruction platform for contractors. Beck Technology President Stewart Carroll, CTO Mike Boren, and the rest of the management team will maintain ownership in Beck Technology and continue to lead day-to-day operations, Pamlico said.

Construction management SaaS provider LivSYT secures $2.5 mn in seed round

Construction management software startup LivSYT has secured $2.5 Mn in a seed funding round from Valley Quad and Inventus Capital. Founded in 2021 by Karthik Thumu, the startup offers easy-to-adopt self-use SaaS-based software designed for contractors, modular manufacturers and third-party inspectors to accelerate the project speed. The software offers real-time data about the operations and controls at a granular level, enabling a synchronised mobilisation of resources to improve job-site output.

Innovations and Alliances

New Partnership for AI-based Project Data Management

ALLPLAN, provider of BIM solutions for the AEC industry, has entered into a technology partnership with elevait, provider of enterprise software based on artificial intelligence (AI), to make it easier for the construction and real estate industry to access its own project data.

Trimble completes first test of a fully autonomous soil compactor on live jobsite

The Trimble Earthworks Grade Control Platform for Autonomous Compactors was tested on a Dynapac CA 5000 soil compactor on the Site C Clean Energy Project on the Peace River in northeast British Columbia, Canada.

This is said to be one of the industry’s first public tests of a fully autonomous compactor on a live construction site. Trimble says that the fully autonomous machine completed 37 hours of real compaction work, operating alongside a mixed fleet of compactors.

Regulatory News

Construction association sues to block major changes to US construction labour regulations

The Association of General Contractors (AGC) has launched a legal action to block the US government from making a major update to construction labour regulations. The US Department of Labor (DOL) issued its Final Rules updating certain requirements under the Davis-Bacon Act to the way in which workers are paid on federally funded projects earlier this summer.

What We're Reading

• Construction Startup Trunk Tools Announces Field-First AI: TrunkText

• AI Techs Disrupting Construction Companies: A Candid Overview

• How to make working at height safer through 3D and 4D modelling

• Microsoft-backed study shows that for every $1 companies invest in AI, they are realizing an average of $3.50 in return

• $3B in construction projects fuel downtown Detroit’s growth

Was this newsletter forwarded to you?

If you have any questions or feedback for us, write to us at [email protected]