Dive Brief:
- Cemex Ventures has named the eight winners of its 6th Construction Startup Competition incubator.
- The companies represent key industry sectors that Cemex Ventures identified for the 2022 competition. The corporate venture capital unit of Cemex partnered with Black & Veatch, Dysruptek by Haskell and Ferrovial for the event.
- The winners will participate in a “Pitch Day” at Procore’s Groundbreak 2022 conference on Nov. 9, where the companies will present their solutions to top executives, industry leaders and other startups.
Dive Insight:
Cemex uses the competition to highlight startups looking to disrupt the typical business ecosystem, said Gonzalo Galindo, the head of Cemex Ventures, in an email.
“The Construction Startup Competition is a vehicle for tangible impact and results for many different stakeholders in the construction sector,” Galindo said.
The winners of the competition are:
- 2050 Materials (United Kingdom): Platform to find, compare and specify sustainable building products to save time and money at any project stage.
- Automatic Construction (United States): Cast-in-place concrete buildings at one-fifth the cost using a pre-fab inflatable concrete formwork.
- Carbon Limit (United States): Carbon-negative cement technology that reduces the carbon footprint of concrete and turns it into a CO2 sponge.
- Cathago (Germany): Purchase2Pay platform connecting the procurement department, construction site and external suppliers, from requisition over invoice verification to payment.
- Constru (Israel): AI-powered construction solution that turns captured imagery into insights for better data-driven decision making.
- Exodigo (United States): Sensors and AI technology that identifies utilities and other underground entities accurately without the need to dig.
- Loris (United States): Portable, battery-powered light towers to instantly deliver safety, security, WiFi and transparency to job sites.
- Soil Connect (United States): Dirt and aggregates marketplace that connects those who have soil and aggregates with those who need it.
The competition has featured participants from over 80 countries, according to the release. The winners also benefit from networking and the entrepreneur-to-entrepreneur development that comes with pitching their products to business owners and other startups.
Last week, Suffolk announced the winners of its BOOST accelerator program. In a similar vein of exposure, the winners of the BOOST program will test their products on Suffolk jobsites and prepare their products for use in a broader construction market.
