Half a dozen British businesses feature on Cemex Ventures’ Top 50 ConTech Start-ups list for 2021.
The six are:
Atlas Group Atlas’s AI-powered platform brings unlimited datasets together into a single cloud-based environment with a search engine that all stakeholders can access.
HiiRoc HiiRoc has developed a thermal plasma electrolysis process for low-cost, zero-CO2 hydrogen production.
HyperTunnel HyperTunnel is developing new methods of tunnelling that enable tunnels to be built faster, with less risk, and in a more economical and environmentally friendly way through the application of digital twins, robotics, 3D printing and digital underground surveying, supported by AI and VR.
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Nodes & Links An AI-based platform that automates project management.
Plinx A proximity alert and access control system that is backed by “easy to deploy network infrastructure that connects people, plant and places without reliance on third parties”.
YardLink A procurement platform that searches local plant and tool hire providers and serves up that information to contractors.
According to Cemex Ventures, investment in the construction technology reached record levels in 2021, with more than $4.5bn (£3.4bn) so far this year, tripling 2020’s total. The previous record was set in 2018 with $1.8bn invested.
Gonzalo Galindo, head of CEMEX Ventures, said: “As we predicted last year, sustainable solutions saw a spike in investment from leading companies and investors. We will continue seeing this trend in 2022, as well as more companies betting on solutions that help deal with the supply chain hurdles that the industry is experiencing. Supply chain management had been struggling pre-pandemic and with Covid-19, the challenges increased.”
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