More Funding for Flux
Today, Flux Factory, www.flux.io, San Francisco, Calif., announced the introduction of its collaboration tools for architecture and construction, as well as $29 million raised in Series B financing, which could impact how construction designs and builds projects in the future.
The financing is co-led by Temasek, www.temasek.com.sg, Singapore, and Surbana Jurong Private Limited, www.surbanajurong.com, Singapore, with other investors including Far East Ventures, www.fareast.ventures, Singapore, Obvious Ventures, www.obvious.com, San Francisco, Calif., South Park Ventures, DFJ, www.dfj.com, Menlo Park, Calif., and Borealis Ventures, www.borealisventures.com, Hanover, N.H.
With the product, AEC (architecture, engineering, and construction) professionals are able to: choose the best design or analysis tool without compatibility issues; sync data across different tools; and receive automatic alerts in changes in project requirements, triggering the workflow to rerun.
The company says dozens of early adopters are using the technology to improve design collaboration, and Flux currently works with software including Grasshopper, Excel, and Dynamo. Subsequent plugins such as Revit, AutoCAD, 3ds Max, and SketchUp are targeted for release in early 2016.
This news follows the company’s May 2014 announcement about Series A financing, which was led by by DFJ and with participation from Borealis Ventures.
With this product launch, and subsequent plugins expected in 2016, it will be interesting to see how this product’s emergence into the market will ultimately impact the construction industry in the years ahead.