Newmetrix offers a cloud-based video management platform that utilizes human and artificial intelligence to analyze jobsite footage for safety risks. The platform enables construction teams to identify potential hazards and inefficiencies, thereby enhancing site safety and reducing operational risks.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ICFounders
Product
Problem
Construction projects often face safety risks and operational inefficiencies due to a lack of real-time visibility and proactive risk management. Traditional methods of monitoring job sites are reactive, making it difficult to identify and mitigate potential hazards before incidents occur. This can lead to increased costs, project delays, and safety incidents.
Solution
Oracle Construction Intelligence Cloud is a platform that leverages construction data to enable informed, proactive decisions and drive continuous improvement across project planning, construction, and asset operation. The platform analyzes comprehensive project data from various sources, including KPIs for schedule, cost, and safety, to provide insights into project performance. By using predictive intelligence and historical project data, the platform identifies hidden risks, such as potential schedule delays, process inefficiencies, and safety hazards, allowing project teams to take proactive action and mitigate these risks before they escalate.
Target Audience
The primary users are construction project owners, delivery teams, and contractors who need to make data-driven decisions to reduce risk and improve project outcomes.
Features
- Comprehensive project data analysis from Oracle Smart Construction Platform applications and other sources.
- Prebuilt data connections for easy access to project data.
- Industry best practice dashboards tailored to the unique needs of each customer.
- Predictive insights and analytics to identify high-risk projects and potential delays.
- AI-powered safety risk assessments using jobsite photos to identify hazards like slip, trip, and fall risks.
- Cross-project benchmarking for leading risk indicators.