ObraLink funding news – London-based ObraLink Secures €1.8 Million in Pre-Series A Round Funding

Originally from Chile and now based in London, ObraLink plans further to integrate itself within the Mexican ready-mix concrete market.

One of the biggest obstacles to the effective planning and management of building projects is the absence of real-time visibility. Construction progress, planning, and concrete strength tracking on the project site are all entirely automated by ObraLink's simple-to-install and use solution, which expedites the process. Normally, these tasks require human interaction and are prone to errors and take a lot of time.

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Their three-pronged system consists of unique AI hardware technology that creates information in real-time, coupled with 100% autonomous BIM software. Then, crucial information is immediately exchanged with concrete suppliers in a dedicated data module, allowing them to maximise product quality based on the client's specified requirements.

Emiliano Pinto, CEO of ObraLink said, “The only way to improve results in the construction industry is by automating daily and repetitive tasks during project execution. Digitalization alone is not sufficient to transform the industry. Given the complexity and the number of interconnected tasks and data in project execution, automatic systems are required to reduce the dependence on manual labor in construction,” “We are thrilled to have found a major industry player like Cemex, which shares our vision for the future of construction.”

Cemex's dedication to client centricity and its ambitions for digital innovation are tied to this follow-up investment in Obralink. By integrating Obralink's competitive solution with Cemex's service offering, developers and contractors can avoid logistical complexities like booking changes and cut fixed costs by around 10%. Cemex plans to keep implementing ObraLink projects in order to enhance the services and products it provides to clients.

Gonzalo Galindo, Head of Cemex Ventures said, “Two of the most troublesome pain points in the construction industry are data collection and standardization and the logistics of product deliveries. ObraLink has developed a solution that addresses both of these challenges, contributing to a more visible and digital construction industry, We are recommitting to ObraLink because of the impressive success they have already amassed in the LATAM region and are looking forward to working closely with them on future projects.”

About ObraLink

ObraLink is the open innovation and Corporate Venture Capital (CVC) division of Cemex, a top provider of sustainable building materials and solutions with a nearly 100-country worldwide trading network. In order to achieve our goal of spearheading the change in the building sector, we invest in and collaborate with the most promising startups, keeping our eye on the future frontier of sustainable living.