Construct Capital

Following this Silicon Valley Defense Group report, The Wall Street Journal asked Dayna Grayson how investors are evaluating defense tech startups. Her response: “It’s true the DoD is in dire need of innovation. It’s also true that it takes a long time to turn that need into meaningful new defense contracts and projects and thus revenue for new startups. It is incumbent that VCs in this space have a deep understanding of that process to fully support founders and to drive returns in this space.” https://lnkd.in/ezS8hHTn

AI is poised to completely transform foundational industries, especially across supply chain and procurement where the myriad of unstructured and disparate data makes everything far more complicated than in most spaces. We’re excited to announce our latest investment in the space, Didero, an end-to-end solution perfectly designed to help companies streamline complexity and reduce manual processes, saving both time and money. Didero is creating the first autonomous supply chain, leveraging AI to centralize supplier information, streamline communication, and automate repetitive workflows. Their platform is designed to integrate seamlessly with existing systems, transforming unstructured data into actionable insights and freeing up supply chain teams to focus on strategic initiatives. The founding team of Tom Petit, Tim Spencer, and Lorenz Pallhuber brings a wealth of experience in supply chain and company building and is hands-down the best team to build this business, ushering in not only a technological advancement, but an AI-powered paradigm shift that will redefine how businesses operate. More from our point-of-view on why we invested in Didero: https://lnkd.in/efKJn_Ui

Today is a big day at Chef Robotics: they are coming out of stealth to scale their AI-enabled robotic systems. Chef is uniquely positioned to lead the food robotics space having prepared more than 20M servings. The food preparation industry has the #1 labor shortage in the country, and Chef is tackling this problem directly with robotics that work alongside humans on existing production lines. Congrats to Rajat Bhageria and the team at Chef on their continued rapid progress! https://lnkd.in/esYeyqju

Congrats to Kinetic for raising their $21M Series B! Modern cars are digitally complex, and Kinetic is at the forefront of bridging the gap in digital vehicle maintenance. We share more about our journey with Kinetic here: https://lnkd.in/e364eujj

Congrats to Nikhil Naikal and the team at Kinetic on announcing their $21m Series B financing! Construct led the Series A and we're excited to continue on the journey. Kinetic is scaling their software and robotics automation solution in the automotive aftermarket, addressing an underserved but critical aspect of auto repair and maintenance: the digital components of vehicles such as sensors and software.

Join the team at DBOS, Inc., including co-founder Dr. Mike Stonebraker, for a webinar on the future of cloud-native architecture. Dr. Stonebraker will dive into: - The key do's and don'ts of cloud architecture - Building robust distributed microservices with significantly less code - Ensuring transactional accuracy in complex distributed systems - How to leveraging the open-source DBOS Transact framework to enhance resilience, enable time-travel debugging, and improve observability

Thanks to Connie Loizos for writing about Construct’s focus on Foundational Industries and some of our newest investments: TimberEye, Earth, and Monaire. These companies are transforming massive markets such as timber, funeral services, and HVAC. “Construct Capital has been focused on comparatively boring software that can transform industrial sectors” — we don't think they are boring! Foundational Industries such as logistics, manufacturing, and critical infrastructure represent over $10T of US GDP. We are in the midst of a seismic shift of bringing software and technology to transform these markets. Here at Construct, we see that technology companies bringing novel solutions to Foundational Industries drive high quality revenue, strong gross margins, and high multiples due to incredible market sizes and receptive customers. We continue to lead Seed and Series A financings, where founders are executing on this! https://lnkd.in/en6eQA65

With over 5.6 million small commercial buildings in the US, Monaire is transforming how business owners manage their HVAC and refrigeration systems. Construct is excited to lead their $3.5m Seed financing, and to partner with Nishant Kanapilly (Nish) and Rahul Subramany. We look forward to working with the Monaire team, alongside Chad Laurans and Eleanor Laurans at Workshop Venture Partners who participated in the round. https://lnkd.in/eJ3HFM9S

Alongside the announcement of DBOS, Inc.'s $8.5m Seed financing and the availability of DBOS Cloud, we wrote about why we co-led the investment: the reliability, speed to market, and security of applications in foundational industries is paramount. https://lnkd.in/ettaKUAT DBOS is designed for organizations that rely heavily on transactional systems such as logistics, financial services and payment companies, healthcare, government agencies, and other real world verticals. Developers and companies interested in building on DBOS can sign up or learn more here: https://lnkd.in/edAGbJRu

Announcing DBOS’s Seed financing of $8.5m, co-led by Construct and The Engine. Founded by Michael Stonebraker (MIT Prof, postgres creator) and Matei Zaharia (CTO at Databricks), DBOS is radically transforming cloud computing by building the cloud-native operating system. https://lnkd.in/d4rEY6_A