Connect with us

Hi, what are you looking for?


StructionSite raises $10 million to apply AI to construction project management

6180298d0cd2879a6c8d3109 structionsite pic 08302021 1 1 e1632271152150

Join gaming leaders, alongside GamesBeat and Facebook Gaming, for their 2nd Annual GamesBeat & Facebook Gaming Summit | GamesBeat: Into the Metaverse 2 this upcoming January 25-27, 2022. Learn more about the event.

After sustaining a major blow from a pandemic-ravaged economy, the global construction industry has come roaring back. On the commercial side, while the demand for new office space remains tepid, retailers are investing significant capital in logistics infrastructure, like warehouses. On the residential side, the segment is continuing to add jobs thanks to the housing boom — recovering over 80% of the jobs lost over the course of the pandemic as of March 2021.

The industry faces a new set of challenges, however, including the rising cost of raw materials. Project management remains one of the most difficult aspects of construction, with recent studies finding that construction projects exceed their budget by 16% at a minimum (and often far more). Beyond budget, project managers run up against poorly-defined objectives, poor time management, labor shortages, and unrealistic expectations from stakeholders. One study focused on Saudi Arabia’s construction industry found that 70% of projects took longer than expected to complete.

The longstanding issues in construction project management has given rise to a cottage industry of vendors promising to alleviate the strain with software. One is StructionSite, an Oakland, California-based platform that leverages AI to provide insights into the status of work completed on job sites. Leveraging algorithms and apps, StructionSite can create and map 360-degree videos onto project drawings automatically, translating the videos into regular updates of installed work.

“The idea behind StructionSite came from trying to solve our own problems while working in construction, so we designed and built our products to stand out from any currently in the industry,” CEO and cofounder Matt Daly told VentureBeat via email. “We open the door to the opportunity for standardization on a single platform that others in the industry are not yet able to provide.”

AI for construction

With the AI in construction market anticipated to be worth $2.12 billion by 2023, a number of companies are developing products that apply computer vision, natural language processing, and other algorithmic techniques to different aspects of the construction process. Avvir’s AI system monitors construction projects for errors, while swap provides AI-powered software to automate construction planning. Gryps offers robotic process automation software focused on paperwork inefficiencies in construction. Meanwhile, SiteAware tracks construction zones using “digital twins.”


Above: StructionSite’s AI-powered dashboard.

Advertisement. Scroll to continue reading.

Image Credit: StructionSite

StructionSite’s product is similar to OnSiteIQ,, Disperse, and OnSpace, all of which track progress from construction sites using a combination of photos, project plans, and machine learning algorithms. But StructionSite — whose software automatically organizes photos and videos by location and date, comparing quantities of work in place against estimates and expended labor — claims to be the most “open” platform in the space with integration partners like Procore, Latium Autodesk, NewMetrix, Dropbox, and Box.

“We had to create a custom 3D computer vision engine for the types of 360-degree images taken by the cameras we support,” Daly explained. “In addition to the raw 360-degree videos, we also incorporate data from onboard sensors in the camera and phone to get a more precise view of the path a user takes through the job site. Recently, we also added machine learning pipelines to layer in predictive modeling and pattern matching against previous walks and similar images for an even faster and more accurate [data]. Since this system learns from data over time, it continues to improve for customers the more they use StructionSite. Our image processing pipeline also allows us to build a dense map of the scene, which is useful for customers in a variety of contexts, such as comparing to bill of materials models or when tracking progress of the construction project over time.”

Expanding industry

StructionSite was founded in 2016 by Daly, Dan Zito, and Philip Lorenzo. The two met in 2012, when Lorenzo was working as a project engineer at a large general contractor and Daly was an account manager at imaging device company Faro Technologies. As of today, Daly says that more than 400 contractors have used StructionSite’s technology to capture over $190 billion of “construction volume” and increased the number of active projects on the platform by three times year-over-year.

Despite the growth in software like StructionSite, however, analysts say that the construction industry hasn’t embraced AI with the same gusto as other sectors. A 2018 report from McKinsey noted that few construction firms or owners currently have the capabilities — including the personnel, processes, and tools — to implement AI solutions. Out of the 12 industries mentioned in the report, nine ranked higher than construction in the percent of firms integrating AI into their businesses.



But Daly believes that this will change once the benefits of the technology become clear.

“Our technology is enabling an entirely new kind of remote work that allows construction professionals to ‘work a project’ from their home or a central location by utilizing StructionSite’s image and video capture to virtually ‘walk the job site’ from their computer,” Daly continued. “The pandemic forced the construction industry, which has typically been slow to adopt technology, to really rethink their strategy for managing projects and how that can be done with fewer people onsite so that COVID-19 exposure is reduced. What many of our customers realized when their workforces had to be mostly remote is that they were far more productive than expected, remote work can work for some roles in construction, and in fact can be incredibly productive for a large subset of tasks that don’t require physical presence on the job site.”

In a vote of confidence, roughly-75-employee StructionSite raised $10 million from backers 500 Global, strategic investment from PCL Construction, GS Futures, and existing investors, the startup announced today. The infusion brings StructionSite’s total capital raised $20 million to date.

“In 2021, we nearly doubled the size of our company, adding completely new teams like the data team, which has already uncovered some incredible insights about travel savings and carbon emissions reduction,” Daly said. “Funds will be used to expand StructionSite’s platform capabilities and extend our leadership position in the market.”

Advertisement. Scroll to continue reading.


VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.

Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

Source link

Click to comment

Leave a Reply


Social Media

Are you looking for ways to improve your social media content? Want to add video to your strategy but not sure where to start?...

Top Stories

Sky Mavis, the creator of the play-to-earn game Axie Infinity (AXS), announced that it will reimburse victims of the Ronin bridge hack and reopen...


In context: Intel’s Arc A-series family of discrete GPUs may turn out to be this year’s most underwhelming hardware release. And that’s despite the...

Social Media

Okay, let’s just check in on the latest with the Twitter/Elon Musk takeover saga, and where things are placed to close out the week....

Loan And Finance

Maybe you’ve thought about getting life insurance to protect your family in case something happens to you. But you haven’t gotten around to it...


In a nutshell: Intel’s upcoming Serpent Canyon NUC will supposedly cram a Core i7-12700H CPU and the company’s highest-end mobile GPU, the Arc A770M,...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...