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January 25, 2019

Canadian technology firm Construction AI negotiating licensing deal

 

 

Construction AI, one of the winners in the recent Sprint Competition in Nova Scotia, is negotiating with two major software companies to adopt its technology.

Based in Mosquodoboit Harbour and in Alberta, Construction AI has developed artificial intelligence software that helps the construction industry plan the excavation of a work site.

The pain it addresses is something known only to people who prepare construction sites — the need to do away with spot elevations. These are points on the site that are at a different height or depth than the rest of the terrain.

The company’s software automates the tedious task of identifying and accounting for spot elevations. CEO Jeff Graham said in an interview that construction is a $40 trillion industry worldwide so the market is huge, though he admits explaining the solution to non-construction folk is also a tedious chore.

“If you’re not in construction, you’re going, ‘God, is that actually a thing and is there pain?’,” he said. “But if you’re in the industry, you know the pain and you think, ‘Wow, I don’t actually have to do this.’ One of my contacts calls this (finding spot elevations) the worst part of his job.”

Construction AI made the news this week when it was chosen as one of four winners in Innovacorp’s Sprint Competition, which awarded $25,000 each to early-stage software companies. The other winners, all from Halifax, were: Maritime BioLoggers, which improves blood specimen transport; ReelData, which makes software for aquaculture feed cameras; and SalesRight Technologies, which helps sales professionals close deals through interactive and intelligent pricing.

As well as Graham, Construction AI’s team comprises two PhDs based in Alberta, Jason Heard and Max Klein, who have developed the AI capabilities of the software. The company has also raised $245,000 in angel investment to fund the early stage of development.

Keep reading in The ChronicleHerald

 


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