AEC Angels, a venture capital fund focused on developing technologies in the architecture, engineering and construction sectors, has announced investments in Rhumbix and OpenSpace, two later-stage technology platforms for increasing efficiency and improving workflows.
AEC Angels is a venture fund covering seed through Series B + investments. Members include Thornton Tomasetti, STO Building Group, Syska Hennessy, and SHoP Architects, all recognized industry leaders in their sectors who bring real-world deep background and experience in assessing, testing and accelerating technologies.
“As members of the AEC community, we are witnessing a transformative period in our industry with new software, integrated platforms, equipment, and products coming to market almost daily. We joined together to form AEC Angels to bring a strategic investing approach to these new opportunities,” said Tom Scarangello, executive chairman of Thornton Tomasetti.
Founded in 2014, Rhumbix’s cloud-based platform for automating construction field reporting and workflows eliminates paper and static PDFs in the field. It provides real-time information into how schedule, labor, productivity, and material usage are driving the overall cost of a project and ensures that critical data is submitted in the same format every time.
OpenSpace image documentation software uses artificial intelligence to create navigable 360-degree representations of construction sites. Videos or photos can be captured during a site walk-through and uploaded to the cloud. The images are then sorted, analyzed and annotated using computer vision.
