Optocycle develops AI sorting for construction waste, EquipmentShare raises $747M IPO

Snapshot

Optocycle develops AI sorting for construction waste, EquipmentShare raises $747M IPO, Nexxa.ai secures $9M for multi-agent AI platform, Saudi 3D mapping market grows.

New Innovations and Partnerships

Optocycle brings real-time AI sorting to construction waste recycling: Optocycle is developing an AI-powered optical system that classifies demolition rubble in real time, aiming to boost high-quality recycled aggregate output by 20% and cut landfill waste by 15%. (interestingengineering.com)

Saudi Arabia's 3D mapping market shows significant growth potential: The Saudi Arabia 3D mapping and modeling market is projected to grow from USD 0.08 billion in 2024 to USD 0.32 billion by 2033, driven by advanced geospatial technologies and the Vision 2030 initiative. (vocal.media)

Funding Rounds and M&A Activity

EquipmentShare: EquipmentShare.com raised approximately $747 million in its US IPO, pricing shares at $24.50 to fund expansion from 373 to 700 rental locations and scale its T3 jobsite technology platform. (reuters.com)

Nexxa.ai: Nexxa.ai raised $9M to scale its Nitro platform, deploying multi-agent AI into rail, construction, and manufacturing workflows on top of existing engineering software. (theaiinsider.tech)

Opinions

C4SB outlines future focus on smarter buildings: The Coalition for Smarter Buildings emphasizes interoperability and open standards to address owner demand for smarter buildings by 2026. (automatedbuildings.com)