Dive Brief:
- Buildots, a construction tech solution geared toward project management, has acquired workforce and safety management platform Genda, according to an Oct. 16 news release. The financial terms of the deal were not disclosed.
- The acquisition will help Tel Aviv, Israel-based Buildots connect progress and workforce insights, according to the firm, in its pursuit of a single, scalable construction delivery platform.
- Austin, Texas-based Genda will continue to operate from its headquarters, led by CEO and Founder Erez Dror, according to the news release. The company counts DPR, Hensel Phelps, Clark Construction, JE Dunn and ANDRES Construction among its clients.
Dive Insight:
Buildots’ solution offers onsite progress tracking via artificial intelligence and computer vision, according to the news release. Genda uses a combination of documents and sensors to monitor tasks, prevent delays and keep track of metrics such as headcount and equipment costs, according to the company’s website.
Together, the two companies aim to provide:
- Full visibility into the relationship between labor, progress and productivity, including the root cause of inefficiencies.
- A clear and immediate view of whether delay mitigation efforts actually move the needle.
- Progress and workforce insights that can inform future planning and drive continuous improvement.
“Together, we'll shine a light on construction productivity to reveal hidden insights. The result will equip contractors to react faster to what's happening, and also plan more effectively," Dror said in the news release.
The move comes on the heels of Buildots’ $45 million funding round from this past May, which brought the company’s total funding to $166 million, making it a standout in the contech investment space.
“When contractors use Buildots to spot delay risks and create mitigation plans, they naturally want to know which levers worked. Our goal is to make this crystal clear,” said Roy Danon, co-founder and CEO of Buildots, in the release.
