Construction Tech Funding and Startup Competition

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.