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AI+AEC in News · Construction Dive

6 contech firms raise $154M in recent funding

Excerpt from Construction Dive

Last week, 3D-printing firm Icon raised $200 million in a Series D funding round. That eye-catching number represents investors’ faith in new ways of building and the desire to pump cash into the construction technology space. At the same time, contractors continue to turn to artificial intelligence. Myriad offerings continue to hit the market as firms hope to help general contractors manage processes that are typically time-consuming, fragmented or both. Here are six construction-focused tech firms that recently raised investor cash. Miter $40 million San Francisco-based Miter, which helps builders manage their workforce, has raised $40 million in a Series B funding round, according to a Sept. 30 announcement. Battery Ventures led the round, while existing investors Bessemer Venture Partners and Coatue also participated. Miter’s technology helps builders coordinate workforce management, field operations and project expenses, according to the announcement.

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