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Reconstruct Helps Customers Harness the Power of AI-Powered Digital Twins for Proactive 4D Project Controls at the Oracle Industry Lab
DEERFIELD, Chicago and Menlo Park – April 26, 2022 – Oracle and Reconstruct are joining forces to help construction owners and general contractors create new opportunities and solve tough challenges at the Oracle Industry Lab. Opened today, the facility provides hands-on, simulated industry settings for customers to experiment, learn, and bring transformative technologies to life. Reconstruct is a member of Oracle PartnerNetwork (OPN).
Reconstruct was featured in an AECCafe article last September 8, 2021. Sanjay Gangal interviewed Matt Wheelis, VP Build & Construct Division at the Nemetschek Group, and Zak MacRunnels, CEO Reconstruct Inc. They discussed artificial intelligence, construction technology and the future of the construction industry.
Artificial intelligence in the global construction market is booming as major contractors look to offset labor and industry talent shortages. In July of this year, the Nemetschek Group participated in a Series B financing round for US-based Reconstruct Inc, marking an alternative path to Group growth.
Reconstruct Expands Presence in Asia with Investments from NTT DOCOMO Ventures and Asia Pacific Land
MENLO PARK, Calif.–(BUSINESS WIRE)–Reconstruct, the leader in AI-powered remote quality control and progress monitoring software, announces that NTT DOCOMO Ventures, the investment arm of NTT DOCOMO, and Asia Pacific Land joined its $17.3 million Series B funding round. These investments underline Reconstruct’s commitment to deliver its leading platform for remote quality control and progress monitoring to construction teams in Japan and throughout Asia.
Reconstruct® Secures $17.3 Million to Empower Remote Quality Control & Progress Monitoring for Construction and Real Estate
MENLO PARK, Calif.–(BUSINESS WIRE)–Reconstruct, the leader in AI-powered remote quality control and progress monitoring software, announces its $17.3 million Series B funding round. Led by the Nemetschek Group, a global leader in construction software, along with other leading AEC companies and tech titans – EquipmentShare/Romulus Capital, STO Building Group, ThorntonTomasetti, SHoP Architects, Syska Hennessy, and Asia Pacific Land – this infusion of capital will enable Reconstruct’s integration with industry-leading software like Bluebeam and accelerate global expansion.
Reconstruct® Triples Growth to Extend Leadership Position in Remote Construction Quality Control and Progress Monitoring
MENLO PARK, Calif.–(BUSINESS WIRE)–Reconstruct, the leader in remote quality control and progress monitoring for construction, today announces major expansion across its customer base and product capabilities. After tripling growth in 2020 despite the challenges of the global pandemic, Reconstruct maintained this growth rate in Q1 2021 with major milestones across sales, partnerships, and product.
Reconstruct is currently being utilized for the St. Louis Kaplan Feldman Holocaust Museum project in St. Louis, MO. Greg Yawitz, owner of Keat Properties, LLC calls Reconstruct a “real game-changer.” Reconstruct brings together reality capture, drawings, models, and schedules to provide more efficient workflows for documentation, progress tracking and quality control.
Reconstruct is proud to be an Oracle partner, and one of the emerging technologies that Oracle uses for its projects. Read more to learn how Oracle uses Reconstruct to manage projects remotely, mitigate risk and improve quality.
Read about how construction teams and decision makers use the Reconstruct and Oracle integration for BIM-based scheduling and visual verification, reducing project risk and managing and visualizing detailed schedules.
Skanska is using Insta360 cameras and the Reconstruct Capture App to monitor construction of the the Nordic region’s tallest office building.
Watch this webinar to learn more about how Reconstruct customers experience a 50% improvement in on time completion, 30% reduction in time necessary to report field level progress, and a 50% reduction in site visits necessary by project executives. This webinar features Zak MacRunnels, CEO of Reconstruct and Cindy Baldwin, President of VDCO Tech. Zak and Cindy discuss best practices on the Greater Fort Lauderdale Broward County Convention Center and Hotel Project.