10x Faster Structural Drawings: Genia's AI Co-Pilot for a New Era of Design
Imagine generating structural engineering drawings 10 times faster. That's what Genia is doing, and it's changing the game for structural engineers.
Recently we were invited to the BOOST cohort from Suffolk Technologies where we had a chance to interview Zhihao, co-founder and CEO of Genia, and we got to learn about how their generative design co-pilot is transforming the industry.
Tune in to find out about:
How Genia uses AI to generate structural drawings while ensuring accuracy and code compliance.
Why Genia is reducing human errors and material use by 5-20% in designs.
How they are building trust with engineers through transparent calculations and detailed analysis reports.
How their technology is automating end-to-end processes that were once manual and time-consuming.
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Bricks & Bytes
"Generalists Will Die” - Why Construction VC Firms Will Outperform Generalists - Vivin Hegde, GP Zacua Ventures
"Construction tech funding went from less than 30 million in 2012 to around 7 billion in 2022, a more than 60x increase in just 10 years."
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In this episode, we had Vivin Hegde, Director at Zacua Ventures, and we got to learn about his personal journey from an engineer in India to a VC in the US, Zacua's unique investment thesis, and how becoming a parent has changed his perspective on work and life.
Tune in to find out about:
✅ Why Vivin believes construction tech is ripe for disruption
✅ How Zacua's close relationship with LPs gives them an edge in investing
✅ The 3 key things Zacua looks for in early-stage startups
✅ Vivin's advice for founders on what to avoid when scaling
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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.
Visit: https://maketheshft.digital
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BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.
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Timestamps:
(00:00 - 02:52) - Intro To Our Sponsors & Guest
(02:52 - 14:05) - How Vivin Got Into Venture Capitals
(14:05 - 17:40) - How To Figure Out A Good Partner In Business
(17:40 - 27:00) - About Zacua Ventures
(27:00 - 29:27) - How Zacua Ventures Operates As A Team From Different Parts Of The World
(29:27 - 42:30) - Investment Thesis Of Zacua Ventures
(42:30 - 55:55) - Vivin's Perspective On Robotics In Construction
(55:55 - 01:04:00) - Relationship Between Ventures Firm And Limited Partner
(01:04:00 - 01:07:00) - How To Identify Real Problems Before Investing
(01:07:00 - 01:13:45) - Where Startups Go Wrong In Construction Tech
(01:13:45 - 01:21:17) - How Becoming A Parent Has Impacted Vivin's Life
(01:06:21 - 01:21:17) - Problems of Construction Tech Across Different Geographies
(01:21:17 - 01:22:18) - Outro
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#podcast #construction #constructionindustry #bricksandbytes #startups #architecture #design #civilengineering #engineering #constructiontechnology #engineer #architect #civilengineer #concrete #podcaster #podcasting #entrepreneur #podcasts #podcastlife #startups #entrepreneurship
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Bricks & Bytes
27 Years at DPR: How a $90M Tech Budget Drives Construction Innovation
Note: This episode is a Re-Release from Corporate Innovations.
Big tech investments without testing? At DPR Construction, that's a hard NO. Even with a $90M annual tech budget, they won't invest until they've tested solutions on actual projects.
In today's episode of Corporate Innovations from Bricks & Bytes, we had Atul Khanzode, CTO of DPR Construction, sharing invaluable insights from his 27+ years of experience in construction technology and innovation.
Tune in to learn about:
✅ Why DPR requires testing every solution before investing, after losing $500K on an untested startup
✅ Their unique "discipline innovation approach" focusing on 5 key areas: safety, quality, sustainability, supply chain, and productivity
✅ How they manage a $2-3M annual innovation budget separate from their main tech spending
✅ Why they partner with OpenAI, Microsoft, and Autodesk instead of building everything in-house
Listen now on Spotify to hear Atul's practical advice for construction tech startups and learn how one of America's largest general contractors approaches innovation
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Chapters
00:00 Intro
02:40 The Evolution of Technology in Construction
05:41 Defining the Role of a CTO in Construction
08:36 Measuring Success in Construction Technology
11:29 Challenges of Innovation in the Construction Industry
14:45 DPR's Innovation Strategy
17:34 Navigating the Technology Adoption Process
20:46 Learning from Technology Pilots
23:41 Addressing Industry Pain Points with Technology
26:35 Investing in AI and Future Technologies
30:51 Strategic Partnerships in AI Development
32:19 Budgeting for Technology Investments
33:01 Identifying Key Stakeholders for Technology Solutions
34:20 Evaluating Technology Costs and ROI
36:02 Lessons from Failed Technology Implementations
38:05 Investing in Construction Technology
40:49 Strategic Investments and Core Business Alignment
43:03 Operational Tools for Investment Management
45:26 Emerging Trends in Construction Technology
46:55 Advice for Startups Pitching Technology Solutions
49:00 Integrating Technology, Process, and Organization
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Bricks & Bytes
Building A Business To Exit - Lessons From A $219m Sale - Saurabh Saxena
In today’s episode, we have Saurabh Saxena, an exited founder (Quandoo $219m and WNS: NYSE), Investor and current Head of Investments & Acquisitions at Axel Springer
In this episode, we learn about some key insights on building businesses with a focus on successful exits, navigating the world of private equity, embracing continuous growth and exploration, and much more!
Tune in to find out about:
How to identify if your business idea has enough "headroom" to scale using simple pre-sales tactics
Why 95% of venture-backed startups never reach a liquidity event
Why most European construction tech startups struggle to scale beyond £10 million in revenue
How private equity firms retool and scale traditional (or boring) businesses using the "buy and build" model
And what life looks like after an exit
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Saurabh Saxena | Head of Investments & Acquisitions at Axel Springer
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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.
Visit: https://maketheshft.digital
Timestamps:
(00:00:00-00:02:35) Intro
(00:02:35-00:15:03) How to Build a Business with an exit in mind
(00:15:03-00:21:54) KPIs that Business is good for exit
(00:21:54-00:39:27) Life post-exit
(00:39:27-00:51:05) How to be successful in the world of Private Equity
(00:51:05-01:00:02) Space @ University of Oxford
(01:00:02-01:01:23) Outro
Human Touch in Construction Sales, False Tech Solutions, and Large Company Lawsuits - Bricks, Bucks & Bytes
"Try to keep all your human touch points and automate them on the backend."
In today's episode of Bricks, Bucks and Bytes, we dive into the world of B2B marketplaces in construction. We explore why human touch points are crucial for success, especially in an industry built on trust and relationships.
We also discuss the recent lawsuit between Oracle and Procore, where Oracle accuses a former employee of stealing trade secrets related to payment management software.
Plus, we explored HomeBoost, a startup offering simplified energy assessments for homes using AI. But is it too good to be true?
Tune in to find out about:
✅ The pros and cons of AI-powered home energy assessments
✅ The potential impact of the Oracle vs. Procore lawsuit on the construction tech industry
✅ Why B2B marketplaces in construction need to maintain human interactions
✅ The increasing trend of investors suing portfolio companies in recent years
Ready to dive deeper? Listen to the full episode on Spotify and join the conversation!
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Bricks, Buck$ And Bytes
5 Things Founders Control During Fundraising That Most Don't Know About - Bricks, Bucks and Bytes
"VC is rocket fuel. Do not spend it on a Fiat 500. Only put very expensive rocket fuel if you're actually building a rocket."
In today's episode of Bricks, Bucks and Bytes, we got to learn about Speckle's recent Series A raise, showcasing the renewed liquidity in early-stage funding for 2024.
We also discovered that the construction tech sector saw impressive growth in seed stage funding sizes during Q3 2023, signaling a positive shift in the market.
Plus, we gained invaluable insights from Patrick Hellermann on what really makes VCs tick when it comes to investing in startups.
Tune in to find out about:
✅ The magic "100x potential" that VCs are looking for
✅ Why information asymmetry is your secret weapon between fundraising rounds
✅ How to leverage social validation to your advantage
✅ The power of building a rockstar team to secure funding
Listen to the full episode on Spotify and arm yourself with the knowledge to make your next pitch irresistible!
Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe
LinkedIn: https://www.linkedin.com/company/bricks-bytes/
X/Twitter: https://twitter.com/bricksbytespod
Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
Instagram: https://www.instagram.com/bricksbytes/
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Bricks, Buck$ And Bytes
Speckle's $12.5M Funding - How Open Source Software Is Changing Construction Design
Speckle's $12.5M Series A: A Game-Changer for AEC Data Infrastructure
In today's episode of Bricks, Bucks and Bytes, we got to learn about Speckle's impressive $12.5 million Series A funding round, led by Addition, to build the first data hub for the AEC industry.
We also learned about Rexel's rejection of an unsolicited $8.5 billion takeover bid from QXO, signaling potential shifts in the building materials distribution landscape.
Additionally, we gained insights into Patrick Hellermann's framework for evaluating potential investors, emphasizing the importance of avoiding detrimental influences over perceived value-add.
Tune in to find out about:
✅ Speckle's open-source approach to AEC data infrastructure
✅ The potential impact of QXO's ambitious plans on the building materials distribution sector
✅ Key considerations for startups when evaluating corporate investors
✅ The importance of prioritizing non-interference and quality input from investors
Listen to the full episode on Spotify to dive deeper into these fascinating topics in construction tech and venture capital.
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Bricks, Buck$ And Bytes
Construction Tech Funding Hits $35 Billion: What's Next?
From AI-powered construction sales to billion-dollar air taxi gambles: Inside the high-stakes world of tech funding!
In today's episode of Bricks, Bucks and Bytes, we got to learn about Building Radar's impressive €6.5 million funding round from Socii Capital, powering their AI-driven sales automation software for the construction industry.
We also dove into Fundamentals' Q3 update on AEC Tech funding, revealing that total cumulative VC funding for construction tech has hit a whopping $35 billion - triple the 2019 level!
Plus, we had a heated discussion about Lilium, the German air taxi startup seeking a controversial bailout after burning through millions.
Tune in to find out about:
✅ How Building Radar is revolutionizing sales in construction
✅ The surprising increase in construction tech's share of overall VC funding
✅ Why some VCs are calling for government bailouts (and why it's raising eyebrows)
✅ The ethics of venture capital in high-risk, high-reward industries
Ready for a deep dive into the world of construction tech and VC drama? Hit play on Spotify and join the conversation!
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Company Mentioned:
Building Radar
Lilium
SpaceX
Tesla
WeWork
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