160+ Acquitions - Hexagon’s Strategy Behind $32B Valuation Success

Note : This is a re-release of an episode that was originally uploaded to BitBuilders."I've made every single mistake that exists in running startups." - Massimo Banzi, co-founder of ArduinoOur host, Gabriele Tinelli - investor at Foundamental, Aerospace Engineer and hardware nerd - sits down with Massimo Banzi, the co-creator of Arduino. They discuss the evolution of open-source hardware, the challenges of building a global brand, and the future of edge computing in robotics. Banzi shares insights on making technology accessible to beginners while still serving professionals. He emphasizes the importance of hands-on learning in tech education and reflects on the changing landscape of open-source projects. ----Chapters00:00 Intro04:30 Introduction to Interaction Design and Massimo Banzi09:44 The Birth of Arduino: A Prototyping Revolution19:35 Arduino's Evolution: From Hobbyist to Professional Tool29:20 The Arduino Community and Open Source Philosophy36:27 Future Trends: Arduino and AI Integration39:50 Integrating Arduino into Systems41:24 The Power of Edge Computing42:40 Advancements in Computer Vision for :04 The Role of AI in Robotics47:32 Lessons from Startup Experiences52:53 The Evolution of Open Source54:43 Encouraging Young Innovators1:01:16 Current Projects and Future Aspirations1:05:41 Advice for Educators and Future Generations

"We've done over 160 acquisitions since 2002. Some small, some billion-dollar companies." - Alex Brihac, VP of Strategy at HexagonIn today's episode of Bricks & Bytes, we had Alex Brihac from Hexagon, a $6 billion company that most in construction tech haven't heard of! We learned about their acquisition strategy, how they evaluate companies, and their vision for construction tech's future.Tune in to find out about:✅ How Hexagon decides between building vs buying technology (they spend $800-900M annually on R&D!)✅ Their four-pillar framework for evaluating acquisition targets✅ Why they sometimes acquire service businesses, not just technology companies✅ How founders should approach acquisition conversations with strategic buyersListen now on Spotify to hear insights from a company that's been quietly reshaping the construction tech landscape through strategic acquisitions for decades.--------Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe-------LinkedIn: https://www.linkedin.com/company/bricks-bytes/X/Twitter: https://twitter.com/bricksbytespodYoutube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_ZgInstagram: https://www.instagram.com/bricksbytes/Chapters00:00 Intro04:17 Introduction to Hexagon and Its Significance07:11 Understanding Hexagon's Technology and Services10:20 Research and Development Strategy13:21 Future Trends and Strategic Focus16:20 Mergers and Acquisitions Strategy22:10 Evaluating Potential Acquisitions28:25 Acquisition of Traditional Businesses and Services39:17 Shifting Payment Models in Technology40:03 Strategic Acquisitions and Market Dynamics43:08 Evaluating Potential Acquisitions44:05 Mergers and Acquisitions Strategy47:17 Current Trends in M&A Market50:23 Competitive Landscape in Acquisitions55:17 Advice for Founders on Negotiating Acquisitions59:15 Day-to-Day Responsibilities and Strategic Focus01:03:16 Creating Successful Strategies and Execution

"AI agents aren't replacing humans—they're just handling 80% of the work, freeing skilled professionals to do what they do best."In today's episode of Bricks & Bytes, we had James Garner, Global Head of Data, Insights & Analytics at Gleeds, discussing how AI is transforming construction consultancy.Tune in to find out about: ✅ Why construction is finally catching up with technology after decades of slow adoption ✅ How the barriers to implementing AI have fallen dramatically, making it accessible to businesses of all sizes ✅ Why AI agents are perfect for construction's workflow-based processes ✅ The potential risks of handing our industry's intellectual knowledge to big tech companiesJames believes 2025 will be the year of AI agents, with concrete case studies emerging by year-end. Don't miss this insightful conversation about the future of construction tech!---------Chapters00:00 Intro03:38 Introduction and Company Overview09:43 The Role of AI in Project Management15:32 James Garner's Career Journey22:42 Innovation Processes in Consulting28:30 Data Analytics in Projects36:28 The Future of Internal LLMs43:34 Human Oversight in AI Processes49:58 The Impact of AI on Consultancy Competition56:10 Project Data Analytics Task Force

Note : This episode is a re-release of an episode that was initially released at Groundbreakers."It turns out in construction and real estate, there's a lot of big problems. There's an abundance of them." - This candid observation from Built Technologies' CEO perfectly captures why construction tech is ripe for disruption.In our latest conversation with Chase Gilbert, he reveals Built's journey from working with three community banks to becoming a construction tech unicorn that processes over $200 billion in annual construction spend. He breaks down the strategic decision to start with lenders and how it became their path to industry-wide transformation.Tune in to discover:✅ Why "following the money" upstream was the key to market penetration✅ How they turned an 11-person process into a 2-person operation✅ The strategy behind reducing loan processing from 5 days to same-day✅ Why being "long-term greedy" is crucial for sustainable growthListen to the full episode on Spotify to hear Chase's complete breakdown of building a construction tech unicorn.-------------Chapters00:00 Intro02:28 Building a Unicorn in Construction Tech05:04 Identifying and Solving Industry Problems06:40 The Genesis of Built Technologies18:16 Revenue Generation and Business Model26:56 The Importance of Following the Money30:52 Efficiency Metrics and Impact on Lenders38:05 The Landscape of Construction Loans40:42 Navigating the Banking Ecosystem44:19 Go-to-Market Strategy for Financial Institutions49:23 Value-Based Pricing Models50:06 Key Lessons in Scaling a Startup53:28 Building and Maintaining Company Culture59:37 Understanding Unicorn Valuation01:11:01 The IPO Journey and Long-Term Vision

"AI agents could eliminate 20% of time spent searching for information on construction projects"In today's episode of Bricks & Bytes, we had Rajitha Chaparala, VP of Product Data and AI at Procore, share fascinating insights about the future of construction technology and AI implementation.Tune in to discover:✅ How AI agents are transforming daily construction workflows - from submittal reviews to schedule updates✅ Why the construction industry is finally embracing AI after years of hesitation✅ The three-pillar approach Procore is taking with AI: Co-pilot, Automation, and Insights✅ How reality capture technology combined with AI is revolutionizing progress trackingWant to learn more about how AI is reshaping construction? Listen to the full episode here:-------Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe------LinkedIn: https://www.linkedin.com/company/bricks-bytes/X/Twitter: https://twitter.com/bricksbytespodYoutube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_ZgInstagram: https://www.instagram.com/bricksbytes/—---------------------------Chapters00:00 Intro05:07 Introduction to AI in Construction10:15 The Impact of LLMs on Construction15:23 Understanding AI Agents21:22 The Future of AI Agents in Construction27:13 Data Infrastructure Challenges in Construction37:29 Leveraging AI for Data Capture39:07 Enhancing Accuracy through Human-AI Collaboration41:13 The Role of RealityCapture in Construction43:12 Navigating the Rapidly Changing AI Landscape47:15 Defining AI's Role in Construction Tech50:12 Flexibility in AI Model Utilization53:04 Procore's AI Strategy and Team Dynamics57:18 Leveraging Data for Construction Insights59:19 The Optimistic Future of AI in Construction1:03:07 Understanding Customer Needs in Construction Tech------ #podcast #construction #constructionindustry #bricksandbytes #startups  #architecture #design #civilengineering #engineering #constructiontechnology #engineer #architect #civilengineer #concrete #podcaster #podcasting #entrepreneur #podcasts #podcastlife #startups #entrepreneurship 

Note: This is a re-release of an episode that was originally published at Groundbreakers. "I sued the bar association because they tried to restrict blogging. Content was just the way I saw the world." - This mindset led to a $500M exit.In today's episode of Groundbreakers from Bricks and Bytes, we had Scott Wolfe, founder of Levelset, share the remarkable journey of building and selling his construction payment software company to Procore. From a law practice dealing with post-Katrina restoration work to pioneering construction tech - Scott's story is filled with invaluable insights.Tune in to discover:✅ How helping contractors with payment problems evolved into a $500M exit ✅ Why Scott took the lowest valuation term sheet and spent 16-36 months building relationships with investors before taking their money ✅ The power of "Help First" in content marketing - how Levelset generated thousands of leads by focusing on solving problems ✅ Why Scott believes companies aren't sold, they're bought - and what that means for founders planning exitsListen to the full episode on Spotify to learn how Scott turned construction payment headaches into a category-defining company that changed an industry.

"Training an AI model's final run for $6M does not mean the entire model costs $6M"In today's episode of Bricks and Bytes, we had Alan Mosca, CTO and co-founder of nPlan, who shared fascinating insights about AI developments, construction tech, and the future of project planning.Tune in to find out about:✅ The truth behind DeepSeek's training costs and why media reporting missed the mark✅ How nPlan's Barry agent helps construction teams make better decisions through meeting notes, WhatsApp integration, and email connectivity✅ Why the future of software isn't SaaS - it's buying outcomes through agents that perform specific tasks✅ nPlan's game-changing "Schedule Studio" that can generate detailed project schedules in 45 minutesListen to the full episode to learn how AI is reshaping construction planning and why transparency, not blame, is key to better project outcomes.----Chapters00:00 Intro05:26 Introduction and Overview of Enplan07:12 DeepSeek and the Reality of AI Training Costs15:36 Open vs Closed Source Models in AI26:23 The Rise of Agents in AI and Construction31:23 Future of Startups: Agents vs Traditional Software36:01 The Evolution of AI and the Path to AGI44:01 Defining AGI and Its Implications45:26 Introduction to Nplan and Its Mission47:24 The Functionality of Barry: AI in Project Management49:27 Continuous Learning and Model Optimization53:23 Demonstrating the Value of Planning in Construction57:28 Customer Perspectives on AI in Project Management1:00:31 Product Development and Future Directions for Nplan1:11:39 Cultural Change in Construction Through AI

Note : This is a re-release of an episode that was initially released at Groundbreakers."Nobody replied to our cold emails. So we started showing up at construction sites with pizza boxes - that worked."In today's episode, we had Maria Davidson, CEO of Kojo, share how she built a construction tech company now valued at $275M. A former VC with no construction background, Maria's story of building a procurement platform used by 500+ trade contractors offers valuable lessons for anyone trying to break into a traditional industry.Tune in to find out about:✅ Why being an industry outsider became her strength✅ How delivering pizzas led to their first customers✅ The metrics VCs actually care about at each funding stage✅ Managing hypergrowth from 0 to 125 employeesWant to learn how Maria turned rejection into a $275M company? Listen to the full episode

Imagine generating structural engineering drawings 10 times faster. That's what Genia is doing, and it's changing the game for structural engineers. Recently we were invited to the BOOST cohort from Suffolk Technologies where we had a chance to interview Zhihao, co-founder and CEO of Genia, and we got to learn about how their generative design co-pilot is transforming the industry. Tune in to find out about: How Genia uses AI to generate structural drawings while ensuring accuracy and code compliance. Why Genia is reducing human errors and material use by 5-20% in designs. How they are building trust with engineers through transparent calculations and detailed analysis reports. How their technology is automating end-to-end processes that were once manual and time-consuming.

 "The secret to raising $4.5M for a construction tech startup? 149 'nos' and 1 'yes' from YC." In today's episode of Bricks & Bytes, we had Anna Berger, founder of Trayd - a construction payroll and compliance platform built specifically for specialty contractors. From failing at video dating apps to revolutionizing construction back offices, Anna's journey is a masterclass in persistence and problem-solving. Tune in to learn about:  ✅ How working in her dad's construction office led to discovering a massive market opportunity  ✅ Why Trayd focuses on specialty contractors instead of general contractors  ✅ The power of Trayd shows in B2B sales (and why cold calling doesn't work)  ✅ Building an effective founding team: why having a technical co-founder matters ---- Chapters 03:43 Introduction and Background 06:34 The Journey of Curtin: A Video Dating App 09:41 Transition to Construction: Insights from Family Business 12:48 Building Trade: The All-in-One Solution for Construction 15:43 Understanding Payroll Complexity in Construction 18:43 The Importance of Scheduling and Labor Tracking 21:49 Customer Focus: Targeting Specialty Contractors 24:44 Product Discovery: Listening to Customer Needs 27:42 Market Landscape and Competition 30:49 Fundraising Journey and Challenges 33:45 Lessons Learned and Future Outlook 37:17 The Evolution of Trade's Focus 38:59 Experiences with Y Combinator 39:51 The Importance of Strategic Investors 43:31 Navigating the Construction Industry's Challenges 44:52 Hiring for a Growing Team 46:04 The Value of In-Person Collaboration 47:14 Product Development Insights 48:53 Effective Customer Engagement Strategies 51:45 Building Emotional Connections in Sales 53:07 Understanding the Buyer Persona 53:59 Evaluating Cost Savings for CFOs 56:00 Exploring Growth Tactics Beyond Trade Shows 57:38 The Role of Content in Marketing 58:02 Addressing Skepticism in Sales 01:00:17 The Importance of User Experience 01:03:20 The Value of Community Among Founders