Core Insights - The construction technology sector is experiencing significant investment, with a recent $110 million round of venture capital funding highlighting the demand for solutions that consolidate data and improve jobsite layout efficiency [1] Funding Highlights - **GreenLite**: Raised $49.5 million in Series B funding, led by Insight Partners, to enhance its AI-powered permitting review software, LiteTable, which aids in compliance and code requirements [3][4][5] - **Mechasys**: Secured $23 million in Series A funding, led by Idealist Capital, to advance its projected reality technology, the XR projector, which offers precise layout solutions for construction projects [6][7] - **DroneDeploy**: Achieved $15 million in strategic funding and reached break-even, supported by existing investors including Emergence Capital and Scale Venture Partners [8] Market Trends - The construction technology landscape is increasingly focused on AI and projected reality solutions, indicating a shift towards more efficient and accurate construction processes [1][6] - The influx of capital into these firms suggests strong investor confidence in the potential for technological advancements to transform the construction industry [2][5]