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Construction Tech Funding and Startup Competition
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Construction technology sector exceeds $30 billion in venture funding, with at least 17 startups achieving unicorn status. Construction tech funding reached a new peak of $8.7 billion in 2021, but challenges like tech adoption issues and concerns about a potential plateau in tech adoption exist. Cemex Ventures, the contech investment arm of Cemex, has announced the finalists of its Construction Startup Competition, with eight startups competing for gold, silver, and bronze medals.
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How can the construction technology sector overcome the challenges of tech adoption and the potential plateau in tech adoption?
How might the success of the finalists in the Construction Startup Competition impact the construction industry as a whole?
What are the potential implications of the Construction Startup Competition on the future of construction technology?
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