Cemex Ventures funds job progress-tracking app developer

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The venture capital unit of Cemex S.A.B. de C.V. has invested in StructionSite, a new technology player promoting digital worksite models to reduce time required to calculate construction progress—a function representing up to 2 percent of total project costs. StructionSite software generates models with images from 360-degree view cameras. Through the user’s position, plus Computer Vision and Machine Learning technologies, it analyzes and illustrates exterior and interior work status. The application obtains contextualized information to enable strategic decision making, along with improved coordination between project principals and the trades. It offers what Cemex Ventures calls deep differential value by combining support on a web-based platform and mobile application, plus ease of use and integration with other tools to streamline information flow.

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