Why 70% BIM Adoption Is A Lie (And What Procore Just Did About It) - PROCORE's BIM STRATEGY
Most construction companies think they're using BIM. They're not. And it's costing them 20% on every project.In this episode of Bricks & Bytes, Owen sits down with Dave from Procore's BIM team and Tore Hovland, founder of NovaRender (recently acquired by Procore), to unpack what's really happening in the BIM space and why two major acquisitions just changed the game.Key topics discussed:Why BIM adoption is actually 20-30%, not the 70% everyone claimsThe hidden 2GB browser limit killing your ability to view large modelsHow building from 2D vs 3D vs full BIM changes cost overruns from 20% to 5%Why Procore spent millions acquiring NovaRender and Flypaper simultaneouslyThe streaming technology that lets you open 50-mile infrastructure projects in secondsWhat 80% of acquisitions fail and why culture matters more than techThe future where construction happens without drawings"Where we're going, there are no drawings. You could actually build off the model. It could actually be the permit that goes out." - Dave, ProcoreIf you've ever wondered why your BIM models won't load, why projects keep going over budget, or what the hell is actually happening with construction technology right now, this episode breaks it all down.---------------Our Sponsor: Archdesk - “The #1 Construction Management Software for Growing Companies - Manage your projects from Tender to Handover” check archdesk.comBuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.ioChapters00:00 Intro02:00 Introduction to Procore and NovaRender Acquisition04:02 Winning BIM: Strategies and Challenges06:52 The Significance of NovaRender in BIM12:04 The Vision Behind NovaRender's Creation15:42 The Decision to Partner with Procore16:57 Acquisition of Flypaper: Enhancing BIM Solutions19:51 BIM Adoption Trends and Statistics23:47 The Impact of BIM on Project Costs28:49 Procore's Growth Strategy in Europe30:26 The Importance of Data Ownership in BIM37:41 Dave's Background and Its Influence on Procore39:16 The Evolution of BIM and Sustainable Construction41:04 User-Centric Design in Construction Technology42:45 Streamlining BIM Models for Field Use45:40 Defining Success in BIM Adoption50:20 Lessons from Founding NoRender54:17 The Acquisition Process: Insights and Experiences01:03:53 Future Predictions for BIM and Construction Technology
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Bricks & Bytes
The €7bn CEO Breaking Every Rule In Construction
Jan Hendrik Goldbeck CEO of GOLDBECK grew his family construction business from €750M to €7B by treating buildings like LEGO.In this episode of Bricks & Bytes, we sit down with Hendrik Goldbeck, CEO of Goldbeck Group, who reveals how 60 years of stubborn innovation and perfect timing transformed a small German metalworking shop into Europe's construction powerhouse.FULL DOCUMENTARY COMING FRIDAY 26TH SEPTEMBER, SUBSCRIBE TO @BBBeyond TO STAY UPDATED: https://www.youtube.com/watch?v=SQPQc0blM3kKey topics discussed:- The 1969 origin story: Why his father rejected "we've always done it this way" thinking- German reunification luck: How overnight demand boom accelerated their product approach- The "war of all against all": Why traditional construction's sequential trade-by-trade model fails- From steel elements to turnkey buildings: 60 years of step-by-step evolution- Decentralization strategy: Getting close to architects and engineers in early design stages- Why construction tech "Tesla" startups keep failing (spoiler: it's still physical construction)- The asset-heavy advantage: Why Katerra failed and patient money wins- Cultural integration challenges: Germans want execution, French want endless discussion- AI's future impact: Prompt-driven design cutting pre-construction from months to weeks- "Nature positive buildings" moonshot: Carbon neutral concrete without green premiums- US expansion plans and the importance of local JV partnerships- Leadership philosophy: Open hierarchies vs flat hierarchies"You cannot come from outside and say 'I'm going to be the Tesla of construction.' It's still construction with all the physical restraints. Each project is still individual even with a product approach." - HendrikFrom surviving the 2008 financial crisis by going anti-cyclical to planning voice-activated building configurators, discover how this stubborn German family business is industrializing construction one LEGO brick at a time.Check out our interview with Goldbeck's tech team here: https://youtu.be/vDNUsgVmZHgEnjoy this? Want further exclusive insights in AEC tech? Sign up to our newsletter: https://bricks-bytes.beehiiv.com/----------------Chapters0:00 - Introduction & Company Growth Story1:04 - Goldbeck Origins & Industrialization Vision6:02 - German Reunification & Market Transformation9:20 - Strategic Growth & International Expansion14:37 - The Goldbeck System & Product Approach19:05 - Industry Resistance & Competitive Landscape22:09 - Growth Philosophy & Strategic Priorities27:35 - Future of Construction & Technology34:06 - Sustainability & Nature Positive Buildings38:02 - Leadership & Company Culture42:01 - Customer Value & Business Model44:13 - Startup Ecosystem & Innovation45:43 - Global Expansion Strategy
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Bricks & Bytes
How 570 Software Tools Power Europe's Most Innovative Construction Company
This German construction giant cracked the code on building 500 projects per year with LEGO-like precision.In this episode of Bricks & Bytes, we sit down with Fabian, Managing Director of Goldbeck Technologies, who reveals how this family-owned company complete rewrote the rules of construction by treating buildings like configurable products rather than one-off projects.FULL DOCUMENTARY COMING FRIDAY 26TH SEPTEMBER, SUBSCRIBE TO @BBBeyond TO STAY UPDATED https://www.youtube.com/watch?v=SQPQc0blM3kKey topics discussed:- Why traditional construction is broken (fragmented design with no shared responsibility)- The "LEGO approach": How standardized building systems enable mass customization- 480-person R&D department developing everything from AI chatbots to augmented reality quality control- Building Operating System: Creating live digital twins for operations and maintenance- Why most construction startups fail by trying to "make horses better instead of building cars"- From 3,700 to 14,000 employees: The 40-year journey to their "hockey stick" moment- 570+ software solutions and the challenge of managing technological complexity- AI as an interface layer: Using agents to orchestrate multiple tools seamlessly- Decarbonizing concrete and steel: Already 35% below market average carbon footprint- The configurator vs. client choice dilemma: "We give options, not open-ended questions""We try to sell a product rather than an individual project. It's like configuring your car - you can decide comfort steering wheel or sporty steering wheel, small engine or racing engine. We make sure everything fits together." - FabianFrom factories producing prefabricated elements to augmented reality construction management, discover how Goldbeck industrialized an industry that most consider "un-industrializable."Check out our interview with GOLDBECK's CEO, Jan Hendrik: https://www.youtube.com/watch?v=4-zrwzhId0cEnjoy this? Want further exclusive insights in AEC tech? Sign up to our newsletter: https://bricksbytes.beehiiv.com/Chapters0:00 - Fabian's Role at Goldbeck Technologies0:49 - Company Culture & Technology Foundation1:12 - Building 500 Buildings Per Year with Technology2:31 - Goldbeck Technologies: 480 People R&D Division3:50 - Balancing Future Innovation vs Immediate Profits5:52 - Building Operating System & Digital Twin Development6:53 - Most Exciting Innovation Areas & Nature Positive Buildings8:40 - Traditional Construction Problems vs Goldbeck's Solution9:58 - Product Approach & Early Client Engagement Strategy12:05 - Finding Clients Early: Regional Sales & AI Tools13:43 - In-House Design Teams vs External Consultants14:46 - Product-Specific BIM Implementation15:31 - Client Education & Overcoming Market Resistance18:15 - Decision-Making Process: Car Configurator Analogy19:13 - Lean Construction vs Managing Just-in-Time Delivery20:39 - Why Few Companies Use This Approach (40-Year Development)22:11 - Complex Business Model Requirements22:59 - Technology Success Stories: Building Automation24:19 - Augmented Reality for Quality Control25:54 - Software Development Team (120-140 People)27:03 - ID Solution Process: Build vs Buy Decisions28:00 - AI Department & Implementation Strategy29:36 - Internal AI Chatbot & Knowledge Management30:43 - AI in Design: Configurators vs AI Designers31:46 - Managing 570+ Software Solutions33:00 - AI as Interface for Multiple Tools34:50 - Robots in Factories vs Construction Sites35:44 - Innovation Scouting & Stage-Gate Process36:52 - Venture Capital Fund Partnerships38:56 - Direct Startup Investments & Focus Areas40:41 - Sustainability & Carbon Neutral Goals42:19 - Timber vs Concrete: Cost-Benefit Analysis44:00 - 35% Carbon Reduction in Concrete Elements45:04 - Success Metrics & Company Culture47:10 - Goldbäcker Family Culture & Work Environment
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Bricks & Bytes
From Arduino to Innovation: How Massimo Democratized Hardware Prototyping - BitBuilders - Building hard things
Note : This is a re-release of an episode that was originally uploaded to BitBuilders."I've made every single mistake that exists in running startups." - Massimo Banzi, co-founder of ArduinoOur host, Gabriele Tinelli - investor at Foundamental, Aerospace Engineer and hardware nerd - sits down with Massimo Banzi, the co-creator of Arduino. They discuss the evolution of open-source hardware, the challenges of building a global brand, and the future of edge computing in robotics. Banzi shares insights on making technology accessible to beginners while still serving professionals. He emphasizes the importance of hands-on learning in tech education and reflects on the changing landscape of open-source projects. ----Chapters00:00 Intro04:30 Introduction to Interaction Design and Massimo Banzi09:44 The Birth of Arduino: A Prototyping Revolution19:35 Arduino's Evolution: From Hobbyist to Professional Tool29:20 The Arduino Community and Open Source Philosophy36:27 Future Trends: Arduino and AI Integration39:50 Integrating Arduino into Systems41:24 The Power of Edge Computing42:40 Advancements in Computer Vision for :04 The Role of AI in Robotics47:32 Lessons from Startup Experiences52:53 The Evolution of Open Source54:43 Encouraging Young Innovators1:01:16 Current Projects and Future Aspirations1:05:41 Advice for Educators and Future Generations
€69M for Carbon Capture, Trimble Buys Flashtract & Why VC Success from Accelerators is Misleading - Bricks, Bucks & Bytes
Is raising venture capital really a sign of success for startups?
In this episode of Bricks, Bucks and Bytes, we explore Neustark's €69M growth round. We learn how they're making carbon capture a scalable industrial process, not just a scientific breakthrough.
We also dive into Trimble's acquisition of Flashtract, following similar moves by Autodesk and Procore. This trend is reshaping construction payment solutions.
Patric also shares some candid thoughts on startup accelerators and what really matters for success. Hint: it's not just about fundraising.
Tune in to find out about:
✅ Why Neustark's focus on industrialization sets them apart in the crowded climate tech space
✅ The evolving landscape of construction payment solutions and what it means for startups ✅ The surprising stats on startup success rates from accelerators (and why they might not matter)
✅ Why building a sustainable business trumps fundraising hype every time
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00:00 Intro
01:04 Neustark: Industrializing Carbon Capture and Storage
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Bricks, Buck$ And Bytes
$1B Logistics Deal, $30M Saudi Tech Funding, and 3 Construction Market Insights: Gross Margin, Distribution & Impact Of Global Trade Shifts - Bricks, Bucks & Bytes
Is Saudi Arabia outpacing Silicon Valley in construction tech? A recent $30M funding round suggests so...
In this episode of Bricks, Bucks and Bytes, we explored Tendered's major Series A funding, signaling the Middle East's growing importance in construction innovation.
We also dissected a billion-dollar logistics acquisition that could reshape the industry's tech landscape.
Plus, we uncovered why gross margins might be the hidden key to startup success in construction.
Tune in to find out about:
✅ Why Saudi Arabia is becoming a hotbed for construction tech
✅ How global trade shifts are impacting construction and logistics
✅ The surprising truth about product differentiation and deployment complexity
✅ Why distribution, not just product, creates category winners
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Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe
LinkedIn: https://www.linkedin.com/company/bricks-bytes/
X/Twitter: https://twitter.com/bricksbytespod
Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
Instagram: https://www.instagram.com/bricksbytes/
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Chapters
00:00 Introduction and Funding News
01:32 Tendered: Revolutionizing Heavy Equipment Operations
25:03 The Signal of the Acquisition for the Logistics Technology Market
28:18 Asset-Like Transportation Solutions in Logistics
29:06 Comparing Funding in Logistics and Construction
29:20 The Risks and Opportunities of Focusing on the Saudi Arabian Market
29:50 Conclusion
31:06 The Correlation Between Logistics and the Wider Economy
36:21 The Impact of Geopolitical Events on Trading and Logistics Companies
45:07 The Importance of Gross Margin and Contribution Margin
55:05 The Seasonality of the AEC Sector
56:43 Avoiding Mistakes and the Role of Distribution in Becoming a Category Creator
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Bricks, Buck$ And Bytes
BONUS - How India’s FIRST Unicorn In Construction Tech Was Created – InfraMarket - with Shubhankar Bhattacharya
From delivering concrete in Mumbai to becoming India's second-largest concrete supplier - how did InfraMarket do it?
In this episode, we had Shubh from Foundamental, an early investor in InfraMarket, and we got to learn about the unique challenges of the Indian market, InfraMarket's innovative acquisition strategy, and their journey to becoming a construction tech unicorn.
Tune in to find out about:
✅ How InfraMarket built trust by simply delivering on time in a market where that's not guaranteed
✅ The company's "outcome as a service" approach and its path to profitability
✅ InfraMarket's strategic expansion into consumer-facing products and global markets
✅ The role of working capital in scaling a construction materials business
✅ Insights on InfraMarket's upcoming IPO and India's growing stock market
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Timestamps
0:00 - Intro
4:13 - Presence Of Foundamental in India
8:12 - Space That Foundamentals are Focussing In India
11:45 - Labor Shortage In India
14:00 - Impact on Interest Rates In Construction Industry In India
16:20 - Dollar Milkshake Theory
20:00 - Misinconceptions in terms of Investing in India
23:00 - How Shubh Ended Up Investing In InfraMarket
37:40 - Acquisition Strategy
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Bricks, Buck$ And Bytes
Why 70% Of Investors Have A Negative Impact On Your Startup And The Future Of Energy Assessments - Bricks, Bucks & Bytes
Is remote sales killing your construction tech startup? One founder learned it the hard way. By listening to an investor who had no idea.
In this episode of Bricks, Bucks and Bytes, we got to learn about Kelvin, a French startup using AI for home energy audits, which just raised 4.7 million euros.
We explored Turner & Townsend's latest construction cost survey, revealing cooling inflation across the sector.
Also, we delved into Vinod Khosla's controversial take that 90% of VCs add no value, with Patrick offering his candid perspective.
Tune in to find out about:
✅ Why Kelvin's remote energy assessment model may face challenges
✅ How construction labor shortages are reaching critical levels worldwide
✅ The dangers of taking advice from investors unfamiliar with construction
✅ Why construction cost inflation varies dramatically by region
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Company Mentioned:
Kelvin
Turner and Townsend
Enter
Enpal
Schneider Electric
Mac Markler
Kosla Ventures
Modulus
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Timestamps:
00:00 Introduction and Podcast Name
02:17 Kelvin: Using Technology for Energy Efficiency Audits
03:21 Construction Costs and Inflation
09:19 Challenges of Remote Data Assessment in Construction
35:15 The Dishonesty in the Investment World
49:00 The Lack of Exits in Construction Tech
53:27 Finding Value in Investors
55:43 Insights from Ex-Employees of Construction Tech Companies