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Reality Capture, AI & Analytics In Construction Technology

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Mar 14, 2023

In the fifth episode of Season 11 of the Propcast,
host Louisa Dickins is joined by Jeevan Kalanithi, CEO at
OpenSpace and Parker Mundt, Vice
President of Platform at Suffolk Technologies.

 

Episode Highlights:

  • OpenSpace’s founding
    story 

  • How Jeevan and Parker initially
    met and started working together

  • The concept behind Suffolk
    Technologies and the companies they invest into

  • Open Space’s two products and the
    difference between them

  • How OpenSpace overcame the
    challenges when scaling their products

  • The broad challenges Parker sees
    startups facing with new products

  • How product trends change based on
    geographical locations

  • Parker’s investment predictions
    for 2023-24

  • Current macro trends and what this
    will mean for those ready to innovate and be tech forward

  • The firms involved in the Suffolk
    Boost Accelerator Program 

  • Companies that are creating
    innovative solutions for sustainability

  • What steps Open Space are taking
    to reduce the ‘eight waste’ on construction sites

 

Resources:

 

Shout outs:

 

Key Takeaways:

  • They started a company and sold
    it, and sure enough, they were working on a capture technology with
    these new 360 cameras. When I heard about it, I was like, you know,
    who could really use this? Building. – Jeevan

    Suffolk has trialled over 180 different tech solutions. We pride
    ourselves in being a very forward thinking general contractor who
    has a deep desire to innovate within the construction space. –
    Parker

  • We’re building more and more stuff
    upon that. It all works because we have a simple capture product
    and I think we’ve captured something like 12 billion square feet,
    some big number. So it’s a lot of data that allows us to make the
    system smarter and more useful for our customers. – Jeevan

  • I think today we see a lot of
    companies that come in and maybe are naive or maybe just a bit out
    of touch with what some of the tech solutions in construction in
    particular would charge. And that can be a showstopper immediately,
    because the folks that you’re selling to are still very focused on
    price and schedule, right? Those are the two main drivers in the
    construction industry. – Parker

  • For us we’re really focused on
    making sure that the founders feel comfortable at the valuation
    that they’re at and not necessarily pumping it up just for the sake
    of having a larger valuation. – Parker

  • We’re at an innovate or die kind
    of portion of the life cycle right now where folks who are tech
    forward and are looking to see how they can do things better,
    faster, cheaper, safer, you know, those folks will emerge as the
    industry leaders, as a general contractor. – Parker

  • We really prioritise reliability
    and speed and efficiency with our technology and we hope that
    allows our builder customers to do the same. – Jeevan

 

About Our Host

Louisa Dickins

Louisa
is the co-founder of LMRE, which has rapidly become the market
leading global PropTech recruitment platform and search consultancy
with operations across North America, United Kingdom, Europe and
Asia-Pacific.

To promote the industry she is so passionate about,
Louisa set up the Global podcast ‘The
Propcast’
where she hosts and invites guests from the built
environment space to join her in conversation about innovation.

About LMRE

LMRE is globally
recognised for leading the way in Real Estate Tech & Innovation
talent management.

From the outset our vision was to become a global
provider of the very best strategic talent to the most innovative
organisations in PropTech, ConTech, Smart Buildings, ESG,
Sustainability and Strategic Consulting.

At LMRE we are fully committed at all times to exceed
the expectations of our candidates and clients by providing the
very best advice and by unlocking exclusive opportunities across
our global network in the UK, Europe, North America and
Asia-Pacific.

 

Sponsors

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your perfect clients. Get in touch [email protected]

 



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