Reality-capture and Projection Startups Lead $110M Construction Tech Funding

New York City, September 18, 2025

News Summary

Venture funding concentrated on construction technology firms specializing in reality capture, projection and unified visual data platforms totaled $110 million, led by six startups. Major rounds included GreenLite’s $49.5M Series B for AI permitting review, Mechasys’s $23M Series A for XR projectors, DroneDeploy’s $15M strategic raise for AI products, LightYX’s $11M Series A for laser projection, Heave’s $7M Series A for equipment repair marketplace, and Track3D’s $4.3M seed for a reality intelligence hub. Separately, FieldAI closed a $405M financing. The report also covers New York workplace heat legislation developments and an East Village construction finishing update.

Reality-capture and projection startups dominate recent construction tech funding

Reality capture and projection startups made up the bulk of funding rounds in recent months. Construction tech solutions that compile data into a singular platform or project it onto a jobsite were winners in the latest $110 million round of venture capital funding. The $110 million total does not include FieldAI’s $405 million raise in August. FieldAI pulled in $405 million in August and is described as Bill Gates- and Nvidia-backed and as a robot brain software maker.

Six firms accounted for much of the activity

GreenLite (New York City)

GreenLite raised $49.5 million in a Series B funding round. The information was reported in a Sept. 15 news release. The Series B was led by Insight Partners. Energize Capital participated in the round. Existing investors Craft Ventures, LiveOak Ventures and Chicago Ventures also participated. GreenLite provides AI-powered permitting review software. GreenLite’s AI-powered digital plan review tool is called LiteTable. LiteTable can ingest plan sets, identify compliance flags and code requirements, and find relevant guidance from GreenLite’s comment library based on compliance patterns within specific jurisdictions. With the capital, GreenLite plans to expand go-to-market efforts and enter new verticals: lodging, industrial and logistics, clean energy infrastructure, and residential development. GreenLite also plans to advance its technology platform.

Mechasys (Montreal)

Mechasys raised $23 million in a Series A funding round. The Series A was announced on Aug. 26. The round was led by Idealist Capital. Fondaction provided follow-on participation as an existing investor. Mechasys specializes in projected reality technology. The technology is known as the XR projector. The XR projector creates true 1:1 scale layouts with millimetric accuracy. The XR projector aims to eliminate guesswork and significantly reduce rework. Mechasys’s tech is used on more than 200 construction projects across over a dozen countries. With the funding, Mechasys will accelerate deployment of its third-generation XR Projector.

DroneDeploy (San Francisco)

DroneDeploy raised $15 million in strategic funding. The company announced reaching break-even at the time of the Sept. 9 news release. Existing investors include co-lead investors Emergence Capital and Scale Venture Partners. Other existing investors include Airtree Ventures, Bessemer Venture Partners and Uncork Capital. The fundraise targeted development behind two new AI products: Progress AI and Safety AI. Progress AI is described as a vision-language solution to deliver automated progress tracking from drone and 360 walkthrough data. Safety AI is described as tracking jobsites to ensure OSHA and safety compliance. The capital will be used for DroneDeploy’s robotics capabilities and to advance autonomous capture for quadruped, aerial and future humanoid systems.

LightYX (Tel Aviv; operations in New York City)

LightYX raised $11 million in a Series A funding round. The funding round was announced in a Sept. 2 news release. The round was led by Nova by Saint-Gobain. Other participants included Yachad Capital Partners, Shibumi International, Somersault Ventures and private investors in real estate and construction from Israel. LightYX specializes in precise, on-site laser projection of building plans. The company has developed an electro-optical system that uses laser projection to display construction plans directly onto floors, ceilings, and walls. LightYX’s system projects with 1/16-inch accuracy. The system also scans and adapts plans in real time to reflect field conditions. LightYX is headquartered in Tel Aviv with operations in New York City. LightYX has received six grants from the Israel Innovation Authority totaling $3.3 million since its inception. With the funding, LightYX plans to target U.S. expansion, accelerate product development, build new partnerships in the U.S. and Europe, and deepen customer relationships.

Heave (St. Petersburg, Florida)

Heave raised $7 million in a Series A funding round. The news release announcing this was dated Aug. 27. Outsiders Fund led the round. Continued support came from FJ Labs, Long Journey Ventures and Slow Ventures. The Aug. 27 round brings Heave’s total funding to $13 million. Heave describes its service as Uber for heavy equipment repair. Heave’s platform connects mobile mechanics with professionals whose machines need a fix. The company services more than 600 machines per month. Heave has over 300 active mechanics in its network out of a total pool of 850 nationwide. Heave has a regional presence in Florida and Texas. Heave is expanding into the Charlotte, North Carolina; Nashville, Tennessee; and Atlanta regions. With the new capital, Heave plans to fuel market expansion, customer acquisition and team growth.

Track3D (Milpitas, California)

Track3D raised $4.3 million in a Seed funding round. The company announced the fundraise in a Sept. 10 news release. The Seed round was led by Endiya Partners. Participants included Shadow Ventures, Monta Vista Capital and others. Track3D is building a reality intelligence platform for the construction industry. The Track3D platform acts as a central hub for visual data from drones, 360 cameras, laser scanners, and mobile devices. With that data, contractors can automatically track documentation and progress on the jobsite and streamline communication with project stakeholders. With the funding, Track3D plans to expand product offerings and bolster go-to-market efforts.

Context and trends

Most of the recent funding favored tools that either project information directly into the field or collect visual data and stitch it into a single project view. The fundraising dates are clustered: Mechasys announced on Aug. 26, Heave on Aug. 27, DroneDeploy on Sept. 9, LightYX on Sept. 2, Track3D on Sept. 10, and GreenLite on Sept. 15. The fundraising push comes amid broader industry coverage and repeated newsletter invitations to subscribe for regular updates.

State-level labor law and temperature protections update

The Temperature Extreme Mitigation Program (the T.E.M.P. Act) was previously reported as having passed the State Legislature. If signed by the Governor, the Act would have established climatic standards in the workplace. The legislation was not signed into law as passed in 2023. The legislation was not passed again by the New York Assembly and New York Senate during the 2024 legislative session, which ended in June 2024.

Key provisions described in the previously passed bill

• Employers required to provide one quart of water per hour per employee.
• Outdoor employees required to have ten minutes in the shade for each two hours of work.
• Indoor employees required to have ten minutes in a cooler breakroom.
• The cooler breakroom would be required to maintain a temperature between 75 and 80.5 degrees when outdoor temperature exceeds 85 degrees.
• Employers required to maintain a Workplace Heat Stress Plan.
• Employers required to ensure that shade is available when the temperature does not exceed 80 degrees.
• Similar protections were provided during periods of cold weather, including access to areas with adequate warmth.
• Employers would be required to provide Personal Protective Equipment for cold weather, including gloves, hats and winter coats.
• The Bill also required that vehicles be equipped with heating and air conditioning if employees are to be in the vehicle for periods in excess of one hour.

Existing strict liability protection

New York Labor Law §240(1), known as the Scaffold Law, remains on the books. Labor Law §240(1) offers special protections to construction workers required to work at elevated height and protections from objects which fall from an elevated height. The legislative intent of §240(1) is to place the onus of worker protection on contractors and owners of commercial property. Under §240(1), contractors and commercial property owners are strictly liable for accidents that fall under the law; proof of negligence is not required. A worker’s own negligence is not a defense to a Labor Law §240(1) case. The statute specifically exempts owners of one- and two-family dwellings who do not direct or control the work. A homeowner who contracts for construction is not liable under §240(1) unless he or she specifically directs or controls the work. The author of the legal analysis suggested the T.E.M.P. Statute is a good attempt to protect construction workers and that legislative compromise might be required for passage.

3 St. Mark’s Place construction update

Construction is wrapping up on 3 St. Mark’s Place, an eight-story commercial building in Manhattan’s East Village. The building was designed by Morris Adjmi Architects and developed by Real Estate Equities Corporation. The building will yield 53,000 square feet of office space and will include 7,800 square feet of ground-floor retail space. The building includes a cellar level and will have three wraparound terraces on the fifth, eighth, and roof levels. The property is alternately addressed as 23-25 Third Avenue and is located at the corner of Third Avenue and St. Mark’s Place. The sidewalk scaffolding has been disassembled since the last update a little over one year ago. Protective blue film that covered the inside of all the large window panels has since been removed, revealing the finished appearance of the building. Some plastic sidewalk barriers and metal fencing remain in place by the front doors, with an expectation they should be removed within the coming weeks. The developer purchased the site for $29 million from Edward Gabay in 2018. The original intention was to construct a much taller 53,000-square-foot office tower. The project scope was downsized when Parkview Financial revived the project with a $70 million refinance. Madison Capital Realty attempted to foreclose on the property a couple of years prior. Sephora is planning to occupy the ground level of the new building. The closest subway to the development is the local 6 train at the Astor Place station to the west. One block further west are the R and W trains at the corner of East 8th Street and Broadway. The building is expected to fully finish sometime before the end of the year. The update was filed by Michael Young on 8:00 am on September 16, 2025. Reader comments on the update referenced gentrification, Sephora, punk rock, brickwork, and personal recollections of New York in earlier decades.

FAQ

Key features table

This report compiles announced funding rounds, an update on a State-level labor statute, and a local construction completion update. All dates and amounts reflect the original announcements.

Deeper Dive: News & Info About This Topic

Additional Resources

• Legal Reader: Update on New York’s T.E.M.P. statute and insurance industry
• Wikipedia: Heat stress
• New York YIMBY: 3 St. Mark’s Place wraps up construction (East Village)
• Google Search: 3 St. Mark’s Place East Village
• The New York Times: U.S.-Britain nuclear deal (Sept 15, 2025)
• Google Scholar: US-Britain nuclear deal 2025
• Crain’s New York Business: NYC construction jobs below pre-pandemic levels
• Encyclopedia Britannica: construction industry New York City
• ConstructConnect: NY legislation covers suicide risk prevention training for construction
• Google News: New York suicide risk prevention training construction 2025

Author: Construction CA News

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