Concrete Products

JAN 2019

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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Page 29 of 103

24 • January 2019 The venture capital unit of Cemex S.A.B. de C.V. has invested in StructionSite, a new technol- ogy 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 gen- erates models with images from 360-degree view cameras. Through the user's position, plus Com- puter 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 combin- ing support on a web-based platform and mobile application, plus ease of use and integration with other tools to streamline information flow. StructionSite participated in a '500 Startups' acceleration program, where it demonstrated a business model sufficient to close software sales with major contractors less than two years after launching. That track record positioned the firm to become what Cemex Ventures considers "a leading solution to transform the construction industry." In addition to funding, Cemex Ventures expects to increase StructionSite's North American pres- ence and help it explore international prospects through access to global research & development, marketing and communication infrastructure supporting cement, concrete and aggregate oper- ations across 50-plus countries. Launched in 2017, Cemex Ventures seeks to capitalize on opportunity areas in the construc- tion ecosystem through sustainable solutions. Management has developed an open collaborative platform to lead the revolution of the construc- tion industry, engaging startups, entrepreneurs, universities, and other stakeholders to tackle chal- lenges and shape the industry's future. NEWS SCOPE READY MIXED Cemex Ventures funds job progress-tracking app developer FULLY AUTOMATED & CAPABLE OF 24/7 OPERATION CALL FOR YOUR QUOTE TODAY 866 958 7267 PATENTED DIF-JET ™ AERATORS PATENTED SAFER & CHEAPER THAN ACID ONLY $6.00 OF CO2 PER 10,000 GALLONS TREATED ONLY $6.00 OF ONLY $6.00 OF ONLY $6.00 OF ONLY $6.00 OF

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