OpenBuilt Platform Accelerates Digitalization of the Construction Industry

IBM, Red Hat and Cobuilder have announced a global collaboration to co-develop OpenBuilt, a new platform designed to help securely connect fragmented construction industry supply chains. Built on Red Hat OpenShift and running on IBM Cloud, OpenBuilt will offer new digital solutions to help innovate and drive more efficient, sustainable, and safer construction projects. A cross-industry […]

Prescient Announces a $190 Million Strategic Investment

Prescient’s game-changing digital design-build platform is increasing returns on investments across the entire development, construction, and operating value chain. The platform provides an efficient, integrated, and transparent approach for advanced professionals who plan, design, and build multi-family housing and hospitality structures. Prescient announced it has closed a $190 million strategic investment and bonding support led […]

Buildots Releases AI-Powered Mobile Control Room for Construction Sites

Buildots, an AI construction tech start-up, announced the release of the first mobile “control room” to give project managers access to critical information on the go. Profit margins in construction are some of the lowest for any industry, averaging just 2.8%, according to a CE Performance Report. These tight margins leave companies with little room […]