The Nemetschek Group, a leading global provider of software technologies for the construction and media industries, has participated in a round of financing for the German robotics startup KEWAZO.
The investment matches the Nemetschek Group’s strong commitment to investing in promising technology companies focused on digitizing the construction site.
The global construction industry, particularly in many advanced economies like the European Union, United States, Japan, et al., is facing acute labor shortages, decreased skilled labor, rising material prices, and supply-chain constraints.
KEWAZO is focused on bringing about dramatic efficiencies in the construction scaffolding industry segment via the use of intelligent robotics and data analytics. Their products collect key operational data which is then processed for actionable insights via the data analytics platform that comes with their robotics product.
“We see a great fit between our software and the robotics solutions from KEWAZO. By driving both, we unleash a lot of potential for the construction industry and enable all the stakeholders to face the current challenges of the industry”, says Yves Padrines, CEO of the Nemetschek Group.
“The investment by the global player Nemetschek is a big step forward for us. It closes the gap between onsite hardware and software, which is often only used in offices. It allows us to make the construction site more digital, smarter, and safer for everyone”, comments Artem Kuchukov, CEO and Co-Founder of KEWAZO.
Critical Time Savings
Erecting building scaffolding is a time-consuming and dangerous manual work task, as well as working on scaffolding. KEWAZO’s robotic solution dramatically improves scaffolding erect speed and safety for workers.
By implementing the company’s solution, 70 percent of man-hours can be saved. This helps address critical labor shortages in the market but, most importantly, perhaps, decreases the risk of accidents and improves overall working conditions on-site.
Tanja Kufner, Head of Startups & Venture Investments at the Nemetschek Group, adds that “investing KEWAZO is a strong continuation of our strategy of driving innovation and digitalization throughout the entire value chain of construction.” The cash infusion from an excellent investor group will enable KEWAZO’s team to grow their team, accelerate the go-to-market in other regions, and the development of new features.
To learn more about KEWAZO, visit them line here.
Nemetschek Group Construction Industry Investments
The investment in KEWAZO is the first for the Nemetschek Group in a robotics startup and continues its strategy of supporting young and innovative entrepreneurs to shape the future AEC/O market and drive innovation. See also our recent announcements regarding investments in the startups SymTerra, Imerso, Reconstruct, and Sablono.