By Bartie Scott of Reporter Inc.
Many startups are popping up to provide hardware and software that creates efficiencies on construction sites, as well as to sell and rent equipment to the construction industry.
Why it’s hot: Spending on U.S. construction projects has steadily increased over the past five years. In 2016, the U.S. industry was valued at nearly $1.2 trillion–up 47 percent from 2011, according to the U.S. Census Bureau. And President Trump’s proposed $1 trillion investment in U.S. infrastructure projects could contribute to even more growth over the next few years. Startups in this space increasingly are closing massive funding rounds. For example, Procore Technologies landed $100 million in funding for its…