Frontline Founders: CEO Luis Martinez (R) and CTO Ricky Ding
Singapore-based construction planning simulation and optimisation startup Frontline Industrial Software has raised US$700,000 in a seed funding round led by Cocoon Capital.
Frontline, founded by Luis Martinez and Ruiqi Ding, enables construction companies, operators and contractors to quickly identify best-in-class construction plans with optimal activity sequencing and resource allocation. The software uses Artificial Intelligence to identify the most efficient and cost-effective construction plans for complex infrastructure, civil, energy, industrial and residential projects.
With Frontline, construction teams can simulate thousands of options and find the most cost and time-effective solutions. According to the founders, this is a significant improvement compared to existing construction planning tools that offer limited options for optimisation.
“Frontline’s ‘plug-and-play’ solution seamlessly integrates into the existing work processes of construction companies and uses existing data to deliver insights that were simply not available before,” said Martinez.
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Frontline’s software is already used by international construction companies in the infrastructure, energy and residential sectors. Customers have seen project timeline savings of up to three months and a six per cent cost reduction, which is significant in a slim-margin business.
“With the estimated US$26 billion global construction technology market by 2027 and the widespread adoption of digital productivity solutions by over 80 per cent of construction companies, a substantial market gap awaits smart software that optimises project execution”, said Will Klippgen, Managing Partner of Cocoon Capital.
A survey by KPMG found that 91 per cent of construction industry executives believe digital transformation is important for their business, while only 19 per cent have a digital strategy in place. Frontline’s technology addresses the productivity challenges faced by the industry, making it a timely and extremely cost-efficient solution.
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