Market Overview

CEMEX Ventures Celebrates Closing of Its 2018 Construction Startup Competition

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  • The competition concludes with four times the number of participants'
    projects compared to the 2017 competition, including the best
    solutions to today's global construction challenges.
  • The seven finalists from six different nations will negotiate with
    CEMEX Ventures for access to its investment portfolio.

CEMEX Ventures commemorates #CXVPitchday, the closing of its 2018
Construction Startup Competition, in which seven finalists presented
their projects. The startups that made it to the end offered several
diverse solutions based on the four operational focal points of CEMEX's
corporate venture capital unit.

Launched in April, the competition challenged the most promising
startups to become leaders of the construction revolution. Focused on
the ConstruTech space, all of these startups competed to lead the
construction revolution and gain access to CEMEX Ventures' investment
portfolio. This challenge called for an exhaustive analysis, with
evaluation criteria based on the level of innovation, the escalating
potential, and the solution offered to the construction industry.

The finalists from Colombia, Egypt, Mexico, the Netherlands, Singapore,
and the United States were invited to a three-day stay in Madrid. At the
center of this event, a jury comprised of multidisciplinary industry
experts evaluated these entrepreneurs' projects. The event included
construction, technology, innovation, and entrepreneurial leaders.

The "Best Pitch" prize was awarded to Geopipe, a U.S.-based startup that
uses Machine Learning to create copies of urban reality and generate
digital models. However, all of the finalists' projects continued
negotiations with CEMEX Ventures for access to its investment portfolio.

The jury evaluated projects including Knowify, which focuses on
maximizing contractor productivity; Licify, which platform facilitates
biddings; and disruptive technologies such as Artificial Intelligence
and Big Data from Smart Build Asia. Airsquire showcased its plan
verification tool; while Handaz presented its tool to convert CAD plans
into BIM models. From Mexico, Os City featured its crowd-sourced
Artificial Intelligence platform, developed for smart cities.

Both the jury and the event's visitors came from large construction,
technology, innovation, and market analysis companies. They all agreed
that, in addition to the finalists, all of the participants' projects
provided CEMEX Ventures with a constant flow of new business models,
prioritizing the best solutions to the challenges of the construction
industry.

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.

Follow CEMEX Ventures on:

  • Facebook: CEMEX Ventures
  • Twitter: @CEMEXVentures
  • Linkedin: CEMEX Ventures

CEMEX Ventures assumes no obligation to update or correct the
information contained in this press release.

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