The Presidential Daily Brief


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    Silicon Valley Turns Gaze Toward Construction

    They’re building the future. With experts calling it the last major industry to be disrupted by cutting-edge technology, construction is in for a makeover — courtesy of Silicon Valley. This year venture capitalists are expected to invest $375 million, a 420 percent increase since 2014, in firms focusing on streamlining the sector, which has long been hampered by labor-intensive projects involving multiple contractors. What’s more, observers say “constructech” innovators needn’t come from within the field, evidenced by venture capital pouring into both hammer-swinging and code-cracking startups.

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