With industrial robotics forecast to be worth $71.72 billion by 2023, it’s no wonder entrepreneurs are turning their attention to increasingly lucrative sectors, like warehouse automation, order fulfillment, and manufacturing.
Tel Aviv-based Intsite is one of the latest examples. The startup today announced a $1.35 million pre-seed round led by Terra Venture Partners and the Israel Innovation Authority to fund what it claims is the world’s first autonomous crane technology.
— Venture Beat
AI-powered autonomous construction technology is poised to see enormous growth in the coming years, promising to significantly increase efficiency, cut costs & realization time, and reduce human errors as well as workplace-related injuries.
"According to McKinsey, about 98 percent of construction mega-projects go significantly over budget, in part as a result of heavy equipment inefficiencies," reports Venture Beat.
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