Digitizing Construction Sites: Nemetschek Group invests in Robotic Start-Up KEWAZO
The Nemetschek Group, one of the global leading software providers for the construction and media industries, participated in a financing round for the robotics startup KEWAZO. The investment is a strong continuation of the Nemetschek Group’s venture strategy of driving efficiency and innovation in the construction industry.
- KEWAZO’s robotic solutions enable automation and digitalization of on-site material flows
- Solutions reduce risks of accidents and address labor shortage in construction
- Perfect fit for Nemetschek´s investment strategy to drive innovation in the construction industry
Munich, January 25, 2023 – The Nemetschek Group, one of the global leading software providers for the construction and media industries, participated in a financing round for the robotics startup KEWAZO. The investment is a strong continuation of the Nemetschek Group’s venture strategy of driving efficiency and innovation in the construction industry.
Stakeholders in the construction industry are facing acute challenges: rising prices for raw materials, labor shortage, and a high pressure on productivity often result in cost overruns and low efficiency in construction projects. KEWAZO’s robotic products enable the automation and digitalization of the on-site material flow by combining robotics and data analytics.
By being involved in critical on-site activities, the robotic products of KEWAZO collect key operational data. This data is then processed and provided to customers as actionable insights via the data analytics platform, enhancing the transparency of what happens on-site at construction sites and industrial plants. The results are a data-driven and proactive project management. Since 2021, KEWAZO’s products have been used on Europe’s iconic construction sites and leading industrial plants in the oil, gas, energy, and chemical industries.
“We see a great fit between our software and the robotics solutions from KEWAZO. By driving both, we unleash a lot of potential for the construction industry and enable all the stakeholders to face the current challenges of the industry”, says Yves Padrines, CEO of the Nemetschek Group.
"The investment by the global player Nemetschek is a big step forward for us. It closes the gap between onsite hardware and software, which is often only used in offices. It allows us to make the construction site more digital, smarter, and safer for everyone", comments Artem Kuchukov, CEO and Co-Founder of KEWAZO.
The results speak for themselves: By implementing KEWAZO’s solution, 70% of man-hours can be saved. This is not only addressing the critical labor-shortage, but simultaneously reducing the risk of accidents and improving overall working conditions on-site.
Tanja Kufner, Head of Startups & Venture Investments at the Nemetschek Group adds that “investing KEWAZO is a strong continuation of our strategy of driving innovation and digitalization throughout the entire value chain of construction.” The cash infusion from excellent investor group will enable KEWAZO’s team to grow their team, accelerate the go to market in other regions and the development of new features.
The investment in KEWAZO is the first for the Nemetschek Group in a robotics startup and continues its strategy of supporting young and innovative entrepreneurs to shape the future AEC/O market and drive innovation. See also our recent announcements regarding investments in the startups SymTerra, Imerso, Reconstruct, and Sablono.
About the Nemetschek Group
The Nemetschek Group is a pioneer for digital transformation in the AEC/O and the media & entertainment industries. With its intelligent software solutions, it covers the entire lifecycle of building and infrastructure projects, guides its customers into the future of digitalization and enables them to shape the world. As one of the leading corporate groups worldwide in this sector, the Nemetschek Group increases quality in the building process and improves the digital workflow for all those involved. Customers can design, build, and manage buildings more efficiently, sustainably and resource-saving. The focus is on the use of open standards (OPEN BIM). The portfolio also includes digital solutions for visualization, 3D modeling, and animation. The innovative solutions of the brands ALLPLAN, Bluebeam, Crem Solutions, dRofus, FRILO, Graphisoft, Maxon, Nevaris, RISA, SCIA, Solibri, Spacewell and Vectorworks in the four customer-oriented segments are used by approximately 6.5 million users worldwide. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs around 3,400 experts all over the world.
Publicly listed since 1999 and quoted on the MDAX and TecDAX, the company achieved revenue amounting to EUR 681.5 million and an EBITDA of EUR 222.0 million in 2021.
Munich-based robotics company KEWAZO is digitizing construction with robotics and data analytics. The company integrates robotics platform LIFTBOT on-site to enable further digital services. Alongside the robotic system, KEWAZO provides its customers with a data analytics solution ONSITE, enhancing higher levels of transparency and better project management. For more information, visit www.kewazo.com.