Cemex Ventures, Ferrovial, Hilti, VINCI Group’s Leonard, and NOVA by Saint- Gobain launch the competition with the objective of identifying and fostering startups to lead the transformation of the construction industry.
CEMEX Ventures, the open innovation and Corporate Venture Capital unit of CEMEX, announced on Thursday its investment in Energy Vault, an Idealab company that has developed a transformative technology to store energy. The new investment is further reinforced by plans to support rapid market adoption and deployment of Energy Vault’s technology through CEMEX’s strategic network.
CEMEX Ventures, CEMEX’s open innovation and venture capital unit, announced today its investment in StructionSite, a US-based startup that creates digital worksite models through 360-degree cameras. This solution saves about 60% of the time required to calculate progress at a worksite, a process comprising about 1.74% of the total cost of a construction project.