Source: Toggle, Brooklyn, N.Y.
Toggle, a startup using robotics and automation to optimize the fabrication and assembly of rebar, has raised $3 million in seed-funding to expand its team and further develop its robotics technology at its Brooklyn facility. Toggle’s goal is to double labor productivity and to increase overall production five times over traditional assembly methods for its customers in the construction industry.
Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff
“Apply. Grow. Make Your Mark” is the theme of Cemex Ventures’ Construction Startup Competition 2019. Open to applications and proposals through April 21, it targets entrepreneurs and entities whose business plans or vision align with these areas of opportunity: Intelligent buildings and cities; Supply chain management; Construction with innovative materials and methods; and, Optimization of the productivity, efficiency, and quality of daily work site management.
Sources: Cemex Ventures, Madrid; CP staff
The venture capital unit of Cemex S.A.B. de C.V. has invested in StructionSite, a startup promoting digital worksite models to reduce time required to calculate construction progress—a function representing up to 2 percent of total project costs.