Category: Business/Financial

Former ‘Facebook for Construction’, FieldLens closing

FieldLens

FieldLens, the New York City-based mobile construction management technology provider, acquired by WeWork in June 2017, is set to shut down. FieldLens, the New York City-based mobile construction management technology provider once dubbed the “Facebook of Construction” is said to be closing down. The business largely disappeared after being acquired by WeWork in June 2017 (FieldLens acquired …

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Permanent link to this article: https://extranetevolution.com/2020/09/former-facebook-construction-fieldlens-closing/

Bentley Systems’ IPO aims for $5.5 billion valuation

One Liberty Plaza, NYC

Bentley Systems has revised the targeted price range for its upcoming initial public offering (IPO), which could value the company at about US$5.49 billion (c. £4.28 billion or €4.68 billion). US-based architecture, engineering and construction software and services provider Bentley announced in August 2020 (Bentley raises IPO prospect again) that it had filed a registration …

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Permanent link to this article: https://extranetevolution.com/2020/09/bentley-ipo-aims-5-5-billion-valuation/

UK publishes National Data Strategy

National Data Strategy

The UK Government’s National Data Strategy underlines the needs to improve data interoperability and to develop agreed standards if we want more effective use of data across the built environment The UK Government has launched a National Data Strategy and has set out actions it will take to support the use of data in the …

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Permanent link to this article: https://extranetevolution.com/2020/09/uk-publishes-national-data-strategy/

AEC Tech TV goes live

Aarni Heiskanen

The first episode of AEC Tech TV went live on 3 September 2020. The construction technology video magazine show is co-presented by Extranet Evolution editor Paul Wilkinson and Aarni Heiskanen of Finland-based AEC Business (see Covering the contech space: AECTech.TV). AEC Tech TV episode 1 Topics covered in the first show included contributions from Europe, …

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Permanent link to this article: https://extranetevolution.com/2020/09/aec-tech-tv-goes-live/

Norway’s Fonn attracts $3m, targets UK and US

Fonn devices

Fonn, a Norwegian sofware startup raises $3m to help fund its continued expansion in US, UK and European housebuilding markets. Norwegian construction SaaS software startup Fonn has announced a US$3m (c. €2.5m or £2.25m) funding round led by Oslo-based venture capital firm Idekapital. Aidiom, Investinor, Skagerak Maturo and Oxer Kapital were co-investors in the business, …

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Permanent link to this article: https://extranetevolution.com/2020/09/norways-fonn-attracts-3m-targets-uk-us/

NBS Chorus, Uniclass and CDEs

NBS Chorus devices

Formerly part of RIBA, NBS is positioning itself to be a ‘common data environment’ technology provider, with NBS Chorus building on its Uniclass and BIM toolkit data heritage.  Until June 2018 a wholly-owned subsidiary of RIBA Enterprises, Newcastle, UK-based NBS has been actively involved in electronic publishing and then software projects since the 1990s. Initially, …

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Permanent link to this article: https://extranetevolution.com/2020/09/nbs-chorus-uniclass-cdes/

Skrap: automating construction hire

Skrap graphic

Self-proclaimed skip hire disruptor, London’s Skrap has raised £1.2m and plans expansion to cover other construction hire needs. Skrap, a London-based startup, has raised £1.2m in seed funding as it sets out to transform how everything is hired in the construction industry by making it available on-demand. It claims a reputation as a ‘skip hire …

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Permanent link to this article: https://extranetevolution.com/2020/08/skrap-automating-construction-hire/

Permanent link to this article: https://extranetevolution.com/2020/08/standardising-discoverable-construction-knowledge/

Covering the contech space: AECTech.TV

AEC

Extranet Evolution is collaborating with Finland-based AEC Business to launch a new video magazine focused on the construction technology sector: AECTech.TV. Paul Wilkinson and Aarni Haiskanen have collaborated in the past on podcast projects. The duo are now compiling an initial series of weekly magazine programmes. They aim to cover the game-changing technologies and trailblazing …

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Permanent link to this article: https://extranetevolution.com/2020/08/covering-the-contech-space-aectech-tv/

RIB launches Connex platform

RIB Connex mobile workflows

RIB Software’s Scandinavian development team in Copenhagen has been extending the capabilities of the former Docia toolset, applying an ‘open BIM’ approach to delivering new Connex BIM functionality. Stuttgart, Germany-based RIB Software, now part of the French Schneider Electric group, has expanded through a series of acquisitions in recent years, while also growing its Software-as-a-Service …

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Permanent link to this article: https://extranetevolution.com/2020/08/rib-launches-connex-platform/

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