Cemex’s innovation unit and VC arm Cemex Ventures has crowned artificial intelligence-enabled software that identifies critical issues in construction contracts as the grand winner of its Construction Start-up Competition 2021.
Called “Document Crunch”, the software identifies critical provisions in construction contracts, insurance policies, plans and specifications. Its AI has ‘learned’ what industry experts, brought in by Document Crunch, believe are the most important provisions for review.
Document Crunch said: “You do not have to train the platform for your needs: we’ve already done that.”
The Atlanta-based business was one of ten innovators invited to last week’s pitch day in Miami.
According to Cemex Ventures, the ten winners offer “the most promising solutions within these five categories: carbon footprint mitigation, supply chain optimisation, efficiency in the jobsite, advanced building materials and new construction methods”.
Visit BIM+ to see the other nine innovators that pitched to Cemex Ventures and its competition partners (Dysruptek, Ferrovial, GS Futures, Hilti, VINCI Group’s Leonard and Nova by Saint-Gobain).