CEMEX Ventures has invested in Internet of Things start up company Concrete Sensors, a company focused on smart concrete technology.
Concrete Sensors uses embedded wireless sensors, combined with a mobile app, to supply the data needed to make critical decisions with a high degree of accuracy. The combination of data and in-house concrete lab calibration enables their customers to save money and reduce schedules by weeks, all while improving quality. This solution represents a major breakthrough in the construction industry, allowing teams to not only avoid schedule delays, but also optimise their workflow.
Concrete Sensors’ solution has already been used by some of the largest and most sophisticated contractors, such as Turner Construction Company. This user-friendly solution has caught the interest of CEMEX Ventures, Requus Ventures, and Arab Angels Fund, which have partnered in this investment. All share a common vision with Concrete Sensors of focusing on the market potential of actionable insights, high accuracy, superior customer service, and a deep understanding of the construction industry.
“We decided to invest in Concrete Sensors because it is a startup that offers solutions to a broad range of challenges in construction. It brings added value to CEMEX customers by exploiting our product benefits and saving costs,” said Gonzalo Galindo, CEO of CEMEX Ventures.