Construction tech startups eye big break in post-Covid-19 'new normal'
Pandemic pushing contractors to consider remote collaboration, explore labour-saving gear
Singapore
CONSTRUCTION technology has rarely caught the spotlight in South-east Asia's startup boom, but entrepreneurs in this oft-neglected segment may finally get their chance to shine, as the Covid-19 pandemic forces the age-old industry to digitalise.
Startups told The Business Times that they have stepped up outreach efforts to acquire new customers, as Covid-19 pushes contractors to consider remote-collaboration technologies, as well as to explore new tools that could reduce the need for manual labour.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Indonesia agritech startup Elevarm bags US$2.6 million in seed round led by Insignia
Grab-led GXBank teams up with Zurich to offer affordable insurance
GoTo eyes private placement of 120.1 billion shares
SoftBank leads US$1 billion funding for UK self-driving startup Wayve
Singapore battles to revive struggling stock market
NSG BioLabs bags US$14.5 million funding; inks tie-ups with Merck, EnterpriseSG