Einsite, a construction technology startup, and Schwing Stetter, the world’s premier concrete equipment company, have entered into a partnership to bring internet-of-things technology to the construction industry. The goal of the partnership is to digitize construction project management and execution.
This partnership have been entered into the Indian registered subsidiaries of the two companies, Invento Labs Pvt. Ltd. (Einsite), and Schwing Stetter India Pvt. Ltd. (Schwing Stetter). Einsite has built a project management platform that collects data from the field using smart-devices and allows construction companies to manage their projects from a software web application.
Schwing Stetter makes the world’s most advanced concrete equipment, including batching plants, concrete pumps and concrete truck mixers, among others. During the course of the partnership, the two companies will first work to create a seamless integration between Einsite smart-devices and Schwing Stetter equipment, and then collaborate on how to best provide valuable and actionable insights to the end-users construction companies.
The idea for this collaboration came out from a discussion between Einsite CEO, Mr. Anirudh Reddy, and Schwing Stetter Sales and Services Private Limited, MD, Mr. V.G.Sakthikumar, at the CONEXPO, Las Vegas in March 2017. They were talking about the shortcomings of the construction industry and the technology initiatives that both Einsite and Schwing Stetter India were working on separately, when they realized how impactful it would be if they worked together towards their common goal.
“We are excited to be working with the concrete industry pioneer, Schwing Stetter India, on such an exciting endeavour. While most other industries have been digitized and automated, construction lags far behind - we are now going to change that!” said Mr. Anirudh Reddy, talking about the immense potential of the partnership to transform the construction industry.
“We always believe in bringing the state of the art technology to the concreting industry. We recognize the need of different customer segment in controlling their concrete production process and offer the best suited solutions. We are impressed with Einsite approach to the construction sites for solutions, that brings better management of the project as a whole. We believe our partnership with Einsite will benefit the end users phenomenally” quoted Mr. V.G.Sakthikumar, Managing Director, Schwing Stetter Sales and Services Private Limited and Chairman of Mechanization Committee, Builders Association of India.
Einsite is a team of dreamers and engineers digitizing the construction industry. With bases in the US (Palo Alto) and India (Hyderabad), Einsite is building a world-class construction management platform that leverages technologies like the internet-of-things and computer vision to provide actionable insights to construction companies. It was founded by brothers Rajiv and Anirudh Reddy in 2015 and got backed by leading venture capital firm, Kleiner Perkins Caufield Byers (KPCB) in 2016.