MONTERREY, MEXICO. OCTOBER 26, 2022 – CEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX announced today the winners of its 2022 edition of the Construction Startup Competition. CEMEX Ventures leads the panel of jurors, which includes the competition’s nine other industry partners from Black & Veatch, Dysruptek by Haskell, Ferrovial, GS Futures, Hilti, VINCI Group’s Leonard, NOVA by Saint-Gobain, Procore Technologies, Inc., and Zacua Ventures, that has selected the top eight startups that will transform the industry as it is known today.
Eight startups have been selected as the winners of the Construction Startup Competition 2022. In the category of Green Construction the winners were Carbon Limit [United States] and 2050 Materials [United Kingdom]. Likewise, the winners of the Enhanced Productivity vertical were Exodigo [United States] and Constru [Israel]. The Construction Supply Chain vertical was conquered by Soil Connect [United States] and Cathago [Germany], while the Construction’s Future is Now vertical winners were Loris [United States] and Automatic Construction [United States]. These startups were selected among hundreds of applicants worldwide because of their commitment to improve and revolutionize the industry from within.
In two weeks’ time on November 9, 2022, the competition’s eight winners will compete by pitching their solutions to a jury of 10 members made up of members from CEMEX Ventures and the nine competition partners during Procore’s Groundbreak conference in New Orleans, United States. Each year, the leading construction technology conference brings together industry professionals from around the world to discover, learn, and innovate. Following the pitches, four gold medalists will be selected according to the competition’s four opportunity areas. However, in addition to the benefits the winners receive from the Construction Startup Competition, they are also awarded the unique opportunity to develop entrepreneur to entrepreneur relations with key industry leading corporations, exhibitors, and startups, and take advantage of the extensive exposure from the full-access three-day conference.
The Construction Startup Competition is the leading and most promising challenge for startups in the industry. The competition calls for solutions that improve sustainability, efficiency, time, and innovation throughout the entire construction value chain. Startups who commit to “building a boundless new world”, the theme of this year’s challenge, benefit from networking, capital investment, and piloting their solutions in real markets anywhere in the world.
ABOUT CONSTRUCTION STARTUP COMPETITION
Since its first edition in 2017, startups from more than 80 countries have participated in the biggest challenge aimed at startups in the construction industry, the Construction Startup Competition. Plenty of them have gone on to collaborate with the participating companies after applying for the competition. Given the global outreach of its partners, the 2022 edition expects to see an increase in the number of applications, to identify the most innovative solutions around the world, continue growing the Contech ecosystem, and implementing the innovative plans for the sector.
ABOUT CEMEX VENTURES
Launched in 2017, CEMEX Ventures focuses on helping overcome the main challenges and capitalizing on the opportunity areas in the construction ecosystem through sustainable solutions. CEMEX Ventures has developed an open collaborative platform to lead the revolution of the construction industry, engaging startups, entrepreneurs, universities, and other stakeholders to tackle the challenges in the construction environment and shape the industry’s future. For more information on CEMEX Ventures, please visit: www.cemexventures.com
ABOUT BLACK & VEATCH
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
ABOUT DYSRUPTEK
Formed in 2018, Dysruptek is the venture investment arm of The Haskell Company. Dysruptek seeks to invest in disruptive Architecture, Engineering and Construction technologies reshaping the built world. Dysruptek acts as an agent of change and partner to innovators driving meaningful impact across the industry. Invest. Invent. Innovate. For more information, please visit: www.dysruptek.com
ABOUT FERROVIAL
Ferrovial, a leading global infrastructure operator, is committed to developing sustainable solutions. It is a member of Spain's blue-chip IBEX 35 index and is also included in the Dow Jones Sustainability Index and FTSE4Good Index; all its operations are conducted in compliance with the principles of the UN Global Compact, which the company adopted in 2002. For more information on Ferrovial, please visit: www.ferrovial.com
ABOUT GS
GS E&C is a Korea based international general construction company. Since 1969, it has been engaged in the fields of architecture, housing, refineries, gas & petrochemical plants, civil engineering, water treatment, waste treatment and power plant across the globe. GS E&C currently has over 24 overseas subsidiaries & branches and 190 ongoing sites worldwide. www.gsfutures.vc
ABOUT HILTI
The Hilti Group supplies the worldwide construction and energy industries with technologically leading products, systems, software and services. With about 31,000 team members in over 120 countries the company stands for strong customer relationships, quality and innovation. Hilti generated annual sales of nearly USD 6.5 billion in 2021 and 6 to 7 percent of sales revenue is invested each year in research and development. With more than 280,000 daily interactions with customers we know that it is on the construction sites that most innovative ideas are developed. To learn more about Hilti, please visit: www.hilti.group
ABOUT VINCI GROUP’S LEONARD
Leonard is the innovation and foresight platform set up by VINCI, a global player in concessions and contracting, employing more than 260,000 people in nearly 120 countries. Leonard is responsible for tracking emerging trends in VINCI's business activities and markets, identifying long-term challenges and goals, pinpointing opportunities for change in the Group's businesses and organizational structure, identifying new growth drivers and developing innovative projects incubation and acceleration programs open to both Group employees and startups. Each year, Leonard supports the acceleration and development of over 40 of the best innovative projects in construction, mobility, energy and real estate. For more information, please visit: https://leonard.vinci.com/
ABOUT NOVA BY SAINT-GOBAIN
NOVA, the external venturing arm of Saint-Gobain identifies forward-thinking startups around the world whose philosophies align with Saint-Gobain’s focus on sustainability. It helps those startups nurture their ideas and grow their companies to scale through partnerships and investment. With a presence in Asia, Europe, North and South America, NOVA connects the global startup community with the power, resources and experience of Saint-Gobain to address the needs of today and challenges of tomorrow. Learn more by visiting https://www.nova-saint-gobain.com.
ABOUT PROCORE TECHNOLOGIES
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. Learn more at www.procore.com
ABOUT ZACUA VENTURES
Zacua Ventures is a global early-stage venture fund tackling world's biggest challenges across Sustainability, Productivity and Urbanization and backed by the most innovative corporates in the built world. Zacua is led by partners with more than 30 years of combined industry experience and who have been investing in construction tech for the past decade. With regional presence in San Francisco, Madrid and Singapore, Zacua helps entrepreneurs to build and strengthen their value proposition and scale their businesses globally, leveraging deep corporate networks. For more information, please visit: www.zacuaventures.com
ANNEX: CONSTRUCTION STARTUP COMPETITION 2022 WINNERS DESCRIPTIONS
- 2050 Materials (United Kingdom) - Platform to find, compare, and specify sustainable building products to save time and money at any project stage. https://2050-materials.com/
- Automatic Construction (United States) - Cast in place concrete buildings at 1/5th the cost using pre-fab inflatable concrete formwork: https://automatic-construction.com/
- Carbon Limit (United States) - Carbon negative cement technology that reduces the carbon footprint of concrete & turns it into a CO2 sponge: https://www.carbonlimit.com/
- Cathago (Germany) - Purchase2Pay platform connecting the procurement department, construction site, and external suppliers - from requisition over invoice verification to payment: https://www.cathago.de/
- Constru (Israel) - AI-powered construction solution that turns captured imagery into insights for better data-driven decision making: https://www.constru.ai/
- Exodigo (United States) - Cutting-edge sensors and AI technology that identifies utilities and other underground entities accurately without the need to dig: https://www.exodigo.com/
- Loris (United States) - Portable, battery-powered light towers to instantly deliver safety, security, WiFi, and transparency to job sites: https://www.getloris.com/
- Soil Connect (United States) - Dirt & Aggregates Marketplace that connects those who have soil and aggregates with those who need it: https://www.soilconnect.com/