Sodex: Austrian Construction Startup Raises €4 Million
Sodex Innovations, a construction tech startup from Vorarlberg, Austria, has closed a €4 million funding round. The round is led by Munich-based investor Capmont Technology, the company announced on Monday.
Sodex develops AI-powered technology for the automated surveying and digital mapping of construction sites, mines, and infrastructure projects during ongoing operations. Construction machines are equipped with sensors and act as mobile data collectors: they capture terrain, material movements, and construction progress, with the data flowing into a web platform in real time. There, documentation, quantity calculations, and progress analyses are made available.
The startup is targeting an industry where surveying and documentation are still largely done manually – while pressure from tight margins, schedules, and documentation requirements continues to grow. According to the company, more than 100 customers in the US, Australia, and Europe currently use the technology on a daily basis.
Fresh Capital for International Expansion
With the investment, Sodex plans to grow its team, expand its product portfolio, and accelerate international expansion. “Real-time updates directly from the construction site have become the central starting point and are now indispensable for many of our customers,” says Ralf Pfefferkorn, CEO and co-founder of Sodex Innovations.
Lead investor Capmont Technology specializes in scaling industrial technology companies. “For the first time, Sodex makes physical construction activity measurable and controllable in real time, creating the data foundation on which the industry will be managed in the future,” says Michael Wittner, partner at Capmont Technology. A combination of hardware, software, data, and AI that enables a real productivity leap for the sector is, in his view, “not just highly exciting, but overdue.”
In addition to Capmont, new investors include Bloomhaus Ventures, Look AI Ventures, and the German business angel group Superangels. Existing investors SOSV, OMA (the founders of ProGlove), and 12 Rounds Capital, led by Katharina Klausberger and Armin Strbac, are participating again.
