HoloBuilder announces new investments from E.ON, Foundamental, and NRW.BANK to help fuel the construction technology company's international growth
Fast-growing construction technology provider HoloBuilder, Inc. announces new investments from E.ON, Foundamental, and NRW.BANK for their global expansion.
"Our partnership with E.ON, Foundamental, and NRW.BANK will allow us to significantly grow our team and provide more value to the fast-growing, international customer base. At HoloBuilder, we believe that construction software can unlock tremendous potential for the construction industry. It is our goal to enable any jobsite to understand and know about new powerful tools available to them. Besides growing our team, the investments will enable us to build out even more powerful AI-based construction technology solutions for enterprises around the globe, providing them with mission-critical insights to secure ROI," explains Mostafa Akbari-Hochberg, CEO & Founder of HoloBuilder, Inc.
With the super-fast and efficient workflow of HoloBuilder's mobile JobWalk App, every construction team can create a digital replica of their project, covering all phases of the building lifecycle and saving 80%+ documentation time. The captured digital construction project can be analyzed with SiteAI, HoloBuilder's computer vision, and artificial intelligence technology. This combination makes HoloBuilder the fastest and most insightful solution to document construction projects in a secure SaaS cloud environment.
"As a future-oriented, innovative company, we have to reinvent ourselves continuously, constantly optimize our processes and digitize our business. The digitization of construction projects offers a high, yet unexploited potential. By investing in HoloBuilder, we are ideally positioned to digitize our projects, making them even more efficient, faster and more customer-oriented. I am convinced that we will benefit greatly from HoloBuilder's expertise and unique portfolio of solutions. We are looking forward to deploying the HoloBuilder solutions internationally,"
In many regions outside its core market in the United States, HoloBuilder is facing growing demand from construction, oil and gas enterprises and companies such as E.ON for whom infrastructure development is a part of their main business. The global expansion round allows HoloBuilder to expand into new regions by growing their team in the United States and Germany, in order to satisfy the needs of an international customer base. Especially in the company's research & development location in the high-tech cluster of Aachen in Germany, the team of specialized engineers who build the technology behind HoloBuilder's SiteAI artificial intelligence solution for construction will grow significantly.
HoloBuilder, Inc. is a San Francisco-based construction technology company that designs, develops, and sells enterprise SaaS software. HoloBuilder offers reality capturing solutions for progress documentation and construction project management. Making use of 360° imagery data, computer vision, and artificial intelligence, HoloBuilder is the fastest and most insightful solution to document construction projects. HoloBuilder is being used by 59 of the largest 100 General Contractors in the United States. Its investors include Brick and Mortar Ventures, Tandem Capital, E.ON, Foundamental, and NRW.BANK.
For more information, please visit www.holobuilder.com
E.ON is an international private energy company headquartered in Essen, Germany, that focuses on energy networks, customer solutions and renewable energies. As one of the largest energy companies in Europe, E.ON plays a leading role in shaping a clean, digital and decentralized energy world. The company develops and markets products and solutions for private, commercial and industrial customers. More than 30 million residential, commercial and industrial customers purchase electricity, gas, digital products or solutions for electric mobility and climate protection from E.ON. In fiscal 2018, 43,000 employees generated sales of 30 billion euros.
For more information, please visit www.eon.com
Foundamental is a new breed of venture capital firm – a global insider-investor in construction. Backed by limited partners that are among the largest construction materials conglomerates in the world, Foundamental brings deep insights and access across the globe. They have offices in San Francisco, Berlin and Singapore. The firm operates on the core belief that the construction industry will become an orchestrated economy powered by autonomous supply chains across one of three digital assets: fulfillment, protocols, and intelligence. As such, Foundamental's job is to make their portfolio companies become those orchestrators of the construction industry. With their triple-digit-
For more information, please visit www.crunchbase.com/
NRW.BANK is the promotional bank of North Rhine-Westphalia (NRW). Its mission is to support its owner – the state of North Rhine-Westphalia – in the completion of its structural and economic policy tasks. In its three promotional fields "Economy", "Housing" and "Infrastructure/
For more information, please visit www.nrwbank.com