LightYX Secures $11M in Series A to Transform Construction Tech

LightYX Secures $11M Series A to Transform Construction Layout

LightYX, a groundbreaking construction technology startup, has successfully announced the acquisition of $11 million in Series A funding. This funding is poised to revolutionize construction layouts by utilizing cutting-edge laser projection technology. The investment round was led by NOVA by Saint-Gobain, a prominent venture arm and leader in sustainable construction technologies, alongside notable contributions from Yachad Capital Partners, Shibumi International, Somersault Ventures, and various investors from the real estate and construction sectors.

Innovative Technology at Play

The innovative technology developed by LightYX employs an electro-optical system that enables precise laser projections of construction plans directly onto surfaces such as floors, ceilings, and walls. This is achieved with an impressive accuracy of 1/16-inch, revolutionizing how construction tasks are executed. Contractors can now follow precise layout instructions for elements such as walls and plumbing systems, effectively eliminating guesswork, minimizing errors, and streamlining project completion phases.

Significant Funding for Rapid Expansion

This funding round not only reflects investor confidence but will also facilitate LightYX’s expansion into various markets. With plans to establish a stronger presence in both the United States and Europe, the company aims to transform on-site construction methodologies. CEO Guy Ben-Romano highlighted the need for innovation in construction practices, as many projects still rely on outdated tools like chalk lines and paper diagrams. The infusion of capital will accelerate scaling, product development, and enhance partnerships with major contractors.

Field Operations and Collaborations

LightYX is already collaborating with numerous contractors in the United States, with particular focus on drywall and MEP installation services. With several hundred projects under its belt, covering over 25 million square feet of construction layouts, their laser projection system is proving to be a game-changer. The newly secured funds are set aside for driving expansion efforts, product innovation, and fostering deeper relationships with both customers and business partners.

Leadership Insights and Future Goals

Key figures within LightYX, including Tomer Elran, the General Manager of U.S. Operations, have expressed excitement about the traction the company has gained among top-tier contractors. Their ambition is to set a new standard for construction layout technology, focusing on enhancing precision and productivity on sites.

Future Developments in Construction Technology

Co-Founder and CTO Uri Yehuday elaborated on the technology’s unique integration of optical engineering, real-time vision, and AI, describing it as a significant leap in the field. This system is custom-built to meet the precise needs of field teams, ensuring operational efficiency in construction processes.

The Role of Saint-Gobain

Pierre-Emmanuel Thiard, CEO of Saint-Gobain Ecophon and a member of LightYX’s board, emphasized the importance of investing in transformative technologies that address fundamental productivity challenges in construction. Saint-Gobain's support enhances LightYX's capacity to fulfill its mission and scale its offerings.

About LightYX

LightYX is dedicated to developing intelligent laser projection systems that enhance construction layouts with accuracy and speed. Their vision is to equip construction workers with innovative tools that deliver real-time guidance on-site, improving workflow and project outcomes.

Frequently Asked Questions

1. What is LightYX’s main product?

LightYX develops smart laser projection systems that display construction plans directly on-site with high precision.

2. How much funding did LightYX raise?

LightYX raised $11 million in a recent Series A funding round.

3. Who led the funding round for LightYX?

The funding round was led by NOVA by Saint-Gobain.

4. What markets is LightYX expanding into?

LightYX aims to expand into the U.S. and European markets.

5. What technology does LightYX use to ensure accuracy?

The company utilizes an electro-optical laser projection system providing an accuracy of 1/16-inch.

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