Construction tech, while still nascent, is a growing industry with funding growing 5x in 2015 alone. The category may continue to be hot as investor Conor Sen believes the construction and housing industries in the US are poised for a long boom. He writes:
The bigger business story over the next five years is, however, going to be something different: a capacity-constrained U.S. economy where the housing sector is taking “inputs,” like labor and capital, from all other sectors. Housing is set to eat the U.S. economy.
Using CB Insights and analytics, we identified 30 startups working in construction tech, and categorized them into a market map spanning 7 key emerging categories such as analytics and frontier tech applications.