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Architecture Construction Home Renovation Interior Design North America

Block Renovation Raises $40M in Funding

– Block is a NYC-based renovation platform that uses technology to simplify and improve home renovations.
– The round was led by Giant Ventures with participation from NEA, Morningside, Lerer Hippeau, and Obvious Ventures.
– The company intends to use the funds to expand its business reach.

Architecture B2B Construction North America

Acelab Raises $3.5M in Seed Funding

– Acelab, a NYC-based digital marketplace connecting architects and manufacturers of building products, raised $3.5M in seed funding.
– The round was led by Pillar VC with participation from Alpaca (formerly Corigin), Draper Associates, Transcend Partners, MIT MET Fund, and Erik Jarnryd.
– Led by Dries Carmeliet and Vardhan Mehta, Acelab provides a building products marketplace that connects architects and manufacturers.

Architecture Hardware North America Semiconductor

Ascenium Tops $25 Million in Funding for Next Stage Development

– Ascenium, Inc. has secured a new Series A investment of $16m from Ascenium Holding AS.
– This cash infusion brings the total investment in the semiconductor innovator to $25m.
– The company aims to substantially grow the team size to support its ongoing development efforts.
– Ascenium’s Aptos, first in a new class of Instruction Set Architecture (ISA) free general-purpose processors, will disrupt data center computing while addressing energy efficiency requirements in today’s data centers.
– For the first time in more than 50 years, Ascenium will radically redefine the interface between the compiler and the hardware in general-purpose processors.

Architecture Commercial Real Estate Interior Design North America SaaS Software

Saltmine Raises $20 Million in Series A Funding to Transform Enterprise Workplace Management

– Saltmine raises $20m in Series A funding.
– The round was led by JLL Spark and includes participation from the company’s executive leadership, Jungle Ventures and Xplorer Capital.
– JLL has entered into an agreement to sell Saltmine’s software directly to its customers, creating a powerful distribution channel for Saltmine’s innovative platform.
– Saltmine is the leading end-to-end digital workplace platform helping the world’s largest corporations seamlessly optimize their office space.
– The COVID-19 pandemic has caused office closures worldwide, and permanently changed the employee-workplace relationship. This has resulted in entirely new and unprecedented levels of complexity and created an urgency for companies to optimize their tailored portfolios for this new normal.
– Saltmine’s corporate clients include PG&E, Snowflake and Workday, among other leading firms.

Architecture Civil Engineering Compliance Construction North America

Building-code compliance startup UpCodes gets $3.36M in pre-Series A funding

– UpCodes, a startup that develops building-code compliance tools, announced today it has raised $3.36 million in pre-Series A funding.
– This brings its total raised so far to $4.15 million.
– The new funding was led by Berlin-based Point Nine Capital, which focuses on SaaS and online marketplaces.
– The company also recently won a legal victory when United States District Court Judge Victor Marrero granted UpCodes its motion to dismiss a false advertising and unfair competition lawsuit filed against it by the International Code Council (ICC).
– An earlier copyright lawsuit filed by the ICC against UpCodes is still ongoing, but UpCodes won a major decision in the case last year when Judge Marrero ruled that its posting of building codes is covered by public domain and fair use.

Architecture Commercial Real Estate Interior Design North America SaaS Software

Saltmine raises $20 million to automate office space design

– Commercial office space planning startup Saltmine today announced that it raised $20 million and formed a strategic partnership with real estate firm JLL.
– Saltmine, whose customers include Snowflake, Fidelity, and Workday, says it plans to put the funding toward advancing its platform and expanding its global workforce.
– The shift to working from home and financial headwinds have companies reevaluating the need for physical office space.
– Even before the pandemic, U.S. Commercial Real Estate Services estimated unused commercial property in the U.S. is worth about $1 trillion.
– In August, Capital Markets reported that direct commercial sales of real estate fell 29% globally to $321 billion in the first six months of 2020 year-over-year.

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