CEMEX Ventures has invested in Concrete Sensors, a US-based startup that provides 'smart concrete' technology. Concrete Sensors is an Internet of Things technology company focused on construction. It uses embedded wireless sensors, combined with a mobile app, that are designed to supply the data needed to make critical decisions with a high degree of accuracy. The firm says its combination of data and in-house concrete lab calibration enables customers to save money and reduce schedules by weeks, in addi
CEMEX Ventures has invested in Concrete Sensors, a US-based startup that provides ‘smart concrete’ technology.
Concrete Sensors is an Internet of Things technology company focused on construction. It uses embedded wireless sensors, combined with a mobile app, that are designed to supply the data needed to make critical decisions with a high degree of accuracy. The firm says its combination of data and in-house concrete lab calibration enables customers to save money and reduce schedules by weeks, in addition to improving quality.
“We decided to invest in Concrete Sensors because it is a startup that offers solutions to a broad range of challenges in construction,” said Gonzalo Galindo, CEO of CEMEX Ventures. “It brings added value to CEMEX customers by exploiting our product benefits and saving costs.”
Its solution is designed to allow teams in the construction industry to avoid schedule delays and also optimise their workflow. Concrete Sensors says that every concrete pour is unique, which makes management difficult and increases a project’s risk. After concrete pouring, the solution automatically activates installed on-site sensors to immediately analyse the concrete, ensure quality, and create efficiency. Sensors continually collect data, reporting on performance and alerting contractors of issues before they happen.
The Concrete Sensors solution has already been used by contractors such as Turner Construction Company and Skanska.
In addition to CEMEX Ventures, venture capital funds Requus Ventures and Arab Angels Fund have also partnered on the investment.
Launched in 2017, CEMEX Ventures focuses on helping to overcome the main challenges and capitalising on the opportunity areas in the construction ecosystem through sustainable solutions. It has developed an open collaborative platform for the construction industry that is intended to engage startups, entrepreneurs, universities, and other stakeholders to tackle the challenges in the construction environment and shape the industry’s future.
