INTSITE News
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Israeli contech company INTSITE is bringing a data-driven approach to construction CTech
Israeli contech company INTSITE has announced partnerships with Japan-based Komatsu and MachineMax. The partnerships aim to improve safety and efficiency in the construction industry by deploying Advanced Driver Assistance Systems (ADAS) that use AI to analyze real-time photographic data for heavy equipment. INTSITE has been partnered with Komatsu since its founding in 2018, and the recent partnership with MachineMax aims to use video telematics and contextual machine data to enhance machine safety and performance. INTSITE has 10 employees and has raised a total of $2 million in seed funding, with investments from Andrey Yashunsky and others. The companys systems are currently operating in multiple countries.
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Intsite raises $1.35 million for autonomous cranes
Tel Aviv-based startup Intsite has raised $1.35 million in a pre-seed round led by Terra Venture Partners and the Israel Innovation Authority. The funding will be used to develop the worlds first autonomous crane technology. Intsites platform uses computer vision to analyze camera feeds in real time, improving the precision of tower cranes by up to 30%. The company plans to pilot its system in the UK and France next year. Intsite is one of several companies applying AI to the construction industry, including San Francisco-based OpenSpace and startup Doxel.
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Startup Developing Machine Vision for Cranes Raises $1.35 Million
Israel-based crane operation startup IntSite has raised $1.35 million in a pre-seed round. The company develops a machine vision system to make crane operations safer and reduce costs. The funding was provided by Terra Venture Partners and the Israeli Innovation Authority. IntSites product is being tested by real estate group Shikun & Binui and the company is in negotiations with construction companies in London and Paris. They plan to hire additional computer vision and machine learning engineers.
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growth-positive
Israeli construction giant teams up with startup to build smart cranes
Shikun & Binuis subsidiary, Solel Boneh Building & Infrastructure, has announced a cooperation agreement with IntSite, an Israeli startup that develops autonomous cranes for construction sites using AI technology. The goal is to increase productivity, safety, and cost-efficiency. Shikun & Binui aims to maintain and enhance its competitive edge in the market. This partnership aligns with Israels efforts to revolutionize the building industry and become a global leader in the field. The Construction Innovation Zone, a collaboration between the Israel Builders Association, Construction Ministry, Ministry of Economy and Industry, and SOSA, will bring new technologies to cranes and building procedures. IntSite utilizes AI and machine learning to support human decisions and reduce inefficiencies in crane operations. The CEO of IntSite, Tzach Ram-On, expressed confidence in their vision of introducing autonomous cranes to the construction industry.
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