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New York, United States, Sat, 31 Oct 2020 12:33:06 / Comserve Inc. / — The market for IoT in construction is anticipated to record a CAGR of around 16% over the forecast period 2020-2028. The rise in the security and safety and improvement in productivity is driving the growth of the market.
Research Nester published a report titled “Internet of Things in construction market- Global Demand Analysis and Opportunity Outlook 2020-2028” which delivers detailed overview of the IoT in construction market in terms of market segmentation by product type, by application type, by project type, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for IoT in construction is anticipated to record
Nektar co-founders Abhijeet Vijayvergiya and Aravind Ravi Sulekha
Singapore-based Nektar.ai, a productivity platform for sales teams, has raised $2.15 million in seed funding. Founded earlier this year, Nektar has been working in stealth mode with five companies, and has plans for an early adopter release before a public launch by the end of 2021. Its seed round was led by Nexus Venture Partners, with participation from Insignia Venture Partners, Arka Venture Labs, Better Capital and Vietnam Investments Group.
Individual investors also contributed to the funding, including Five9 executive vice president Anand Chandrasekaran; Airtel chief executive of enterprise business Ganesh Lakshminarayanan; Vinod Muthukrishnan, the chief growth officer of Cisco’s Contact Center Business Unit; Venkat Tadanki, who sold his former startup Daksh to IBM in 2004; and Capillary Technologies co-founder and CEO Aneesh Reddy.