(SCMP by Martin Choi) – MTR Lab and venture capital firm Gobi Partners GBA have invested HK$46.8 million (US$5.9 million) in Hong Kong-based construction tech company isBIM to drive digital transformation and sustainability in the building industry.
The investment will enhance the construction technology company’s capability to move the industry towards a more data-driven, digital future, as well as fuel its future advancements and business growth, according to a joint statement on Friday evening.
The proceeds will be utilised for research and development of isBIM’s Jarvis software as a service (SaaS) project management platform for construction, improve the company’s artificial intelligence and data analysis capabilities, expand its sales channels and partner networks, the statement said.
“Construction waste has been a significant contributor to landfills in Hong Kong,” said Danny Chong, executive director of Gobi Partners GBA.
