Articles from Suffolk Technologies

Suffolk Technologies, the institutional venture capital platform affiliated with innovative builder Suffolk, today announced an investment in Sublime Systems, an advanced technology company revolutionizing the production of cement through a breakthrough electrochemical process that reduces emissions and waste. The investment underscores Suffolk Technologies’ commitment to investing in the foundational companies of the future and accelerating their progress to build tomorrow, today. In addition to Suffolk Technologies’ investment, Suffolk has pre-purchased capacity from Sublime’s forthcoming first commercial manufacturing plant in Holyoke, Massachusetts.

Suffolk Technologies hosted its 5th annual BOOST Demo Day, marking a significant milestone in its built world accelerator program. The event took place at Suffolk’s National Headquarters in Roxbury, Massachusetts, and was part of an expanded Boston Built Week, which featured collaborations with the Foundation for Innovation in Real Estate, Built Worlds, the C-Tech Club, and others.

Suffolk, one of the largest and most innovative construction enterprises in the country, has secured its place on the Fast Company Best Workplaces for Innovators list for 2024. This prestigious list acknowledges 100 companies that serve as dynamic hubs for cultivating innovative talent. Suffolk is ranked among the top 16 largest companies with more than 1,000 employees.

Suffolk Technologies, the venture investment affiliate of Suffolk, is excited to announce the five startups selected to participate in its fifth annual BOOST program. Inefficiencies surround the entire built world lifecycle, and the BOOST 5 companies are utilizing artificial intelligence to streamline design, prefabrication, sustainability efforts, project management and data. BOOST is an intensive eight-week accelerator designed to drive growth and equip innovative built environment startups with the resources, mentorship, and industry connections they need to transform the sector. Throughout the program, startups will be guided by a team of mentors, including Suffolk leaders and strategic partners, offering unparalleled access to potential customers, pilot opportunities, and investors.

Suffolk Technologies, the venture capital affiliate of Suffolk that funds the next generation of companies solving built environment challenges, has launched the application process for its fifth annual BOOST program. This intensive eight-week program is designed to ignite growth and equip pioneering built world startups with the right tools to transform the industry. As inflation, supply chain challenges, a national labor shortage, sustainability regulations, and economic uncertainty continue to present significant challenges to the AECO (architecture, engineering, construction, and operations) industry, emerging startups are poised to make a large impact by developing solutions that address these problems.

Artificial Intelligence (AI) continues to have an impact on daily lives, business, and the Architecture, Engineering, and Construction (AEC) industry. To explore ways AI is transforming the AEC industry, Suffolk Technologies recently hosted AI + Design in the Built Environment at Suffolk Headquarters in Boston. The event, sponsored by Autodesk, brought together industry experts, investors, architects, construction professionals, and startup founders worldwide for a series of panel discussions and networking opportunities.

Suffolk Technologies hosted its fourth annual BOOST Demo Day at Suffolk’s National Headquarters in Boston on Thursday, Nov. 9, 2023. Suffolk Technologies selected this year’s seven finalists from a pool of more than 200 startup companies, the largest applicant pool yet for the six-week accelerator program that also included 22 Operating Partners and more than 100 working sessions with Suffolk project teams and external partners.

Suffolk Technologies, the venture investment affiliate of Suffolk Construction, is excited to announce the seven startups selected to participate in its fourth annual BOOST program. BOOST is an intense six-week business accelerator that ignites growth and equips pioneering built environment startups with the right tools and connections to transform the industry. A team of mentors comprised of Suffolk leaders and strategic partners who work along the industry value chain will guide each startup during the program, offering exposure to potential customers, pilot opportunities, and investors.

Suffolk Technologies, an institutional venture capital firm affiliated with Suffolk, the $5 billion national construction firm, announced today the close of its inaugural fund with $110 million in commitments. Suffolk Technologies Fund I (“The Fund”) will invest in early-to-growth stage companies across construction technology (ConTech) and property technology (PropTech) that are creating solutions for safer, more sustainable and efficient construction. In turn, these businesses will address issues such as the national lack of affordable housing, high rates of emissions from construction and real estate projects and the increased need for efficient infrastructure investment as a result of the Infrastructure Investment and Jobs Act (IIJA).

Robotics and AI are proving to be powerful, innovative resources revolutionizing how buildings are built. To explore how this booming trend can benefit the industry, Suffolk Technologies, the venture capital platform funding the next generation of companies solving built environment challenges, recently hosted Robotics in Construction 2023 at Suffolk Construction’s Roxbury headquarters in partnership with MassRobotics. The event, sponsored by Autodesk and Hilti Venture, brought together industry experts, investors, construction professionals and robotics startup founders from around the world for a series of panels, pitches, product demonstrations and networking opportunities.

Suffolk Technologies, the venture capital platform funding the next generation of companies solving built environment challenges, has launched the application process for its fourth annual BOOST program, an intensive six-week program designed to ignite growth and equip pioneering built world startups with the right tools to transform the industry. As inflation, supply chain challenges, a national labor shortage and economic uncertainty intersect to create a challenging time in which to build, the construction industry can benefit greatly from these cutting-edge solutions in sustainability, design, planning, robotics, data analytics, automation and other areas, which will streamline processes and increase productivity.

To mark Construction Safety Week and the start of Mental Health Awareness Month, Suffolk, one of the largest and most innovative real estate and construction enterprises in the country, is partnering with Home Base, the first and largest U.S. private sector clinic dedicated to providing lifesaving clinical care and mental health support for veterans, to spotlight the need for increased mental health resources and suicide awareness in the construction industry. In a letter sent to the Occupational Safety and Health Administration (OSHA), the organizations call for additional suicide awareness and prevention initiatives, and inclusion of suicide awareness and prevention training as a core requirement in the OSHA 10 and OSHA 30 training curricula.

Suffolk Technologies, Suffolk’s built environment venture capital firm, was selected as a top organization in GlobeSt. Real Estate Forum’s Influencers in CRE Technology 2023 awards, which honor innovative CRE tech professionals, organizations and teams whose industry advancements are furthering practices and promoting efficiencies. The awards also highlight experts that have impacted the CRE marketplace through new and/or improved technology applications.

Suffolk Technologies, Suffolk’s built environment venture capital firm, has been named the number one most active construction tech VC investor, outpacing 15 of its competitors in the latest market research from global tech-focused investment bank AGC Partners. The insights provide a glimpse into how the construction industry is welcoming new solutions and continues to evolve through the implementation of technologies post pandemic. Topping the AGC list of active investors between 2018 and 2022, Suffolk is credited with 21 investments, notably its $14M 2019 investment in OpenSpace.

Suffolk, one of the largest and most innovative real estate and construction enterprises in the country, today announced that Michael Piscitello, Senior Project Manager at Suffolk Los Angeles, has earned a National Design-Build Certification, the nation’s only measurable standard of an individual’s knowledge of the Design-Build Done Right® principles that are vital to successful project delivery.

Suffolk Technologies, Suffolk’s built environment venture capital firm, was selected as a top organization in GlobeSt. Real Estate Forum’s Influencers in CRE Technology 2023 awards, which honor innovative CRE tech professionals, organizations and teams whose industry advancements are furthering practices and promoting efficiencies. The awards also highlight experts that have impacted the CRE marketplace through new and/or improved technology applications.

Amid labor shortages, materials cost escalation, economic uncertainty and increased sustainability requirements, now is a critical moment for the construction industry to adopt and implement cutting-edge technology. Recognizing the current need for innovation, Suffolk Technologies, the venture investment affiliate of Suffolk, created its BOOST program, an intense business accelerator that connects built world technology startups with Suffolk leaders, industry experts and academics. This week, BOOST celebrated the culmination of its six-week program at its third annual Demo Day event.

The construction industry today is faced with a unique set of challenges in response to current economic conditions. Among increasing project complexities and a growing urgency for sustainable development, owners and contractors are confronting labor shortages, materials cost escalation and supply chain disruptions. These significant challenges are directly impacting project outcomes, as a recent survey commissioned by Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, found 75 percent of construction projects are over budget and 77 percent are behind schedule.

Suffolk Technologies, the venture capital and technology investment arm of real estate and construction enterprise Suffolk, hosted its 2nd annual Boost Demo Day at its headquarters in Roxbury, Massachusetts. Suffolk Technologies selected six startup finalists from more than 100 applicants—20 percent more applicants than last year. The startups collaborated with Suffolk operational experts, consultants, industry leaders and academics to fine tune their cutting-edge solutions and showcase them to potential investors on Demo Day.