Technology passport ft. Bhragan Paramanantham (Last Week in ConTech)

Yeah.

I mean, I can give you kind of like a broad outlines of the a- of what I've been seeing.

Like, I think if you're looking at major hubs, or not major hubs, but like major trends, you, you can't really go past saying AI right now.

Um, I think there's a lot of conversation about how do we build a tech-enabled contractor? How do we build an AI-first operating system? And I think no one has the answer, but I think a lot of people are tackling that problem in a really interesting way.

And I think the most interesting thing that, you know, you might find interesting as well is that every startup that you talk to today has the exact same vision for the future of we are building an AI operating system, the AI backbone for construction.

But the pathway as to how they achieve that still remains and seems to be very unclear.

So I think it's really interesting because prior to that, it always felt like, hey, every startup is doing something different, um, and has a pathway that's clear.

Now it, it feels like it's flipped.

We all wanna get to the same end state, but we're not really sure who's gonna pay for it and who, you know, how many construction companies have the budget to, you know, afford building these systems or paying for these systems.

So we're in an interesting spot.

I think in terms of major hubs of innovation, um, if I just look at like funding numbers and number of startups, you can't go past the US.

The US is the biggest.

Europe as a region is second-biggest and, and catching up quite quickly.

So their average funding round is less than the US, but that's just 'cause the maturity is further back.

So in the next few years we'll see them catch up.

And then I think more broadly, to me, something really interesting is India.

So they'll be the third-largest construction market in, um, the next few years, as well as we hosted a Construction Tech India Summit, um, at the start of this year.

So what we started to see is that a lot of startups are building software teams in India, product teams in India, and then sales teams in the US.

So they're getting a labor arbitrage because of the way the Indian market approaches it, um, and the way that they buy solutions in the In- Indian market.

It's more lucrative.

But we're also seeing Nemetschek, Trimble, Autodesk all spoke, and Hilti spoke about how they're entering the US, Indian market.

So they're setting up teams and offices there.

So there's a really growing opportunity in that Indian, um, market that's, yeah, like super exciting, and I think more and more we're gonna hear success stories coming out of there.

Yeah.

So the, the major areas, you know, obviously the US, it's a powerhouse, you know, Silicon Valley.