Building tech startup Obralink secures $2 million in funding

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Chilean startup Obralink has closed a $2 million funding round led by Grúas M10 and CEMEX Ventures. The other participants were Carao Ventures and the Chilean construction company Echeverría Izquierdo.

Obralink is a startup that develops specialized technologies for the construction sector, an industry where technological innovation is still nascent. ObraLink has stood out as one of the most innovative startups in the field by creating a system that combines Artificial Intelligence, a specialized device and an automation system for construction sites.

The startup has built a technological device called “CiBot” which can automatically acquire relevant information while performing construction projects. The device uses sensors, advanced thermal imaging and BIM. Obralink’s technology frees workers from day-to-day, repetitive tasks, increasing productivity and reducing project costs and time.

According to Emiliano Pinto, CEO of ObraLink:

“ObraLink has disruptively established itself in the construction market due to its vision of automating critical work tasks through technology. In this sense, we are very happy to have found investors who share this vision and are ready to push an industry which still has many frictions, but at the same time, there is a huge room for improvement.

The startup will use this new funding to consolidate its current technological developments and enter other markets and business segments, such as large-scale mining.

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