CEMEX Ventures Invests in Smart Concrete Space Through Concrete Sensors
July 24 2018 - 6:30AM
Business Wire
- Concrete Sensors, an Internet of Things
company focused on construction, uses real-time data from wireless
sensors, enabling the most accurate solution to accelerate
schedules.
- This is CEMEX Ventures’ first
investment in smart concrete technology, which enables customers to
save money and reduce schedules by weeks, all while improving
quality.
CEMEX Ventures announced today an investment in Concrete
Sensors, a U.S.-based startup that enables contractors to
accelerate their schedules through accurate real-time monitoring of
temperature, relative humidity, and strength with any mix design of
concrete.
Concrete Sensors, an Internet of Things company focused on
construction, uses embedded wireless sensors, combined with a
mobile app, to supply the data needed to make critical decisions
with a high degree of accuracy. The combination of data and
in-house concrete lab calibration enables their customers to save
money and reduce schedules by weeks, all while improving
quality.
This solution represents a major breakthrough in the
construction industry, allowing teams to not only avoid schedule
delays, but also optimize their workflow. Every concrete pour is
unique, making management difficult and increasing a project’s
risk. After concrete pouring, installed on-site sensors are
automatically activated to immediately analyze the concrete, ensure
quality, and create efficiency. Sensors continually collect data,
reporting on performance and alerting contractors of issues before
they happen.
Concrete Sensors’ solution has already been used by some of the
largest and most sophisticated contractors such as Turner
Construction Company and Skanska. This user-friendly solution has
caught the interest of CEMEX Ventures, Requus Ventures, and Arab
Angels Fund, which have partnered in this investment. All share a
common vision with Concrete Sensors of focusing on the market
potential of actionable insights, high accuracy, superior customer
service, and a deep understanding of the construction industry.
CEMEX Ventures has become a strong lever for growth by
facilitating relationships between Concrete Sensors and strategic
players in the construction market. “We decided to invest in
Concrete Sensors because it is a startup that offers solutions to a
broad range of challenges in construction. It brings added value to
CEMEX customers by exploiting our product benefits and saving
costs,” said Gonzalo Galindo, CEO of CEMEX Ventures.
“Requus Ventures is a strategic investor with global reach and
targets investments in the construction and real estate space, such
as Concrete Sensors. These can offer their customers cost and time
savings, quality improvement and can easily be scaled globally.
Concrete Sensors has a great team and offers a simple and scalable
IoT solution for the large and antiquated construction industry. We
are excited to have Concrete Sensors as a portfolio company and
look forward to supporting their future success,” said Dino
Antzoulis, Managing Director, Requus Ventures.
Omar Darwazah, General Partner at Arab Angel Fund said: “We are
excited to add Concrete Sensors to the fund’s portfolio and invest
alongside CEMEX Ventures and Requus Ventures. Concrete Sensors’ IoT
solution for the construction sector offers an effective response
to the industry’s pervasive challenges and delivers customer cost
and time savings and overall quality improvement. We look forward
to helping the company explore business development and commercial
opportunities in the MENA region and capitalize on the
infrastructure and construction spending boom in the GCC.”
Launched in 2017, CEMEX Ventures focuses on helping to overcome
the main challenges and capitalizing on the opportunity areas in
the construction ecosystem through sustainable solutions. CEMEX
Ventures has developed an open collaborative platform to lead the
revolution of the construction industry, engaging startups,
entrepreneurs, universities, and other stakeholders to tackle the
challenges in the construction environment and shape the industry’s
future. For more information on CEMEX Ventures, please visit:
www.cemexventures.com.
Requus Ventures was formed in 2017 with a mandate to invest in
disruptive real estate and construction technology start-ups that
are focused on generating cost savings and optimizing operating
efficiencies for developers, owners and asset managers of real
estate globally. For more information on Requus Ventures, please
visit:
http://requus.com/investment-strategies/venture-capital/.
Arab Angel Fund (AAF) is an early stage venture capital firm
focused on Seed and Series A investment opportunities with
companies that have international expansion potential. It provides
unprecedented access to brilliant entrepreneurs seeking to enter
the Gulf Cooperation Council (GCC), the larger Middle East &
North Africa (MENA) regions and Western Asia markets. The fund
currently has 70 portfolio companies across a number of different
sectors in North America. To know more about Arab Angel Fund,
please visit: http://arabangel.vc/.
CEMEX Ventures assumes no obligation to update or correct the
information contained in this press release. CEMEX Ventures is not
responsible for the content of any third-party website or webpage
referenced to or accessible through this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20180724005203/en/
CEMEX VenturesCristina Aparicio, +34 91 377
9248aparicio.cristina@cemexventures.comorCEMEXJorge Pérez, +52(81)
8888-4334mr@cemex.com
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