The NeoCity Brief
Curated PropTech & ConTech deals, technology, and market signals — delivered every week. Read by operators, investors, and builders across the region.
Subscribe — It's Free →Bain Capital puts about $250M into owner-side construction platform Kahua at a valuation above $1B, Miter raises a $40M Series B for contractor payroll and HR, EliseAI nearly doubles to a $4B valuation on a $350M round, Homeward pairs a flat $120M Series D with $330M of asset-backed debt, MEVP leads erad's $22M Series A, and Aldar and Arada team up on $4B of Abu Dhabi projects.
Read the issue →O.G. Venture Partners leads a $130M round in Buildots as its site-tracking computer vision reaches Intel, Mortenson and HOCHTIEF, Noetive exits stealth with a $41M seed from Eclipse, Planted raises $31.8M for robots that build solar farms, Accenture launches a 5,000-person construction business, Paymob takes $35M with Mubadala on the cap table, and ROSHN and TMG Saudi plan a 55,000-home Riyadh community.
Read →General Catalyst puts $1.3bn into Motive and the company pulls its S-1, Wyre AI raises $5M for preconstruction with DPR's venture arm on the cap table, Strong by Form closes €5.8M on a wood slab 80% lighter than concrete, syte raises a €9M Series A to automate pre-project site analysis, the UAE leads a $3bn round in The Boring Company with 150km of tunnel planned, and Expo 2030 Riyadh signs a SAR3.2bn JV for Expo Village.
Read →Episode 1 leads Veridue's €3.44M pre-seed for AI due diligence on renewables and data centres, Odyssey closes $74M to finance the solar contractor rather than the finished project, SmartCraft buys LiveCosts at roughly 4.8x ARR, Berkshire takes full ownership of $32bn lender MF1, and Humain and DataVolt break ground on a 360MW data centre at NEOM's Oxagon.
Read →Energy Impact Partners leads Reframe Systems' $40M for robotic micro factories that build homes near where they stand, CivilGrid raises $26M for a Google Maps of what is buried underground, Digs takes $25.3M from Builders FirstSource rather than a fund, Riyadh launches a Digital Innovation District aimed at the global top 10, and a US national emergency now covers transformers, inverters and battery storage.
Read →Battery Ventures leads Rundoo's $30M Series B for an AI-native operating system for independent supply stores, Birdsview raises €3.7M for an MRI scanner for concrete, CoStar closes its $800M Zonda deal, Humain lifts its MIS data-centre order to 250MW, and Emerald AI hits a $1.05bn valuation for teaching data centres to turn themselves down.
Read →SoftBank writes Gravis Robotics a $200M cheque to turn standard excavators into autonomous units, Bedrock Robotics takes the operator out of the cab on live US jobsites, Providence Equity buys mortgage-valuation engine Hometrack, Saudi Arabia names Naver's digital twin its national municipal standard, and Pennsylvania makes local approval a hard gate for data-centre permits.
Read →Nexus backs HomeRun's $12M bet on 60-minute building materials delivery, conmeet raises €6M for a mid-sized contractor operating system, Buzz Solutions lands $20M for grid intelligence, Riyadh reopens its Real Estate Balance programme, and Texas freezes data-centre approvals pending grid audits.
Read →TerraFirma raises $115M to sell earthmoving as a vertically integrated service, Monumental lands $32M to sell finished walls instead of robots, Aurum PropTech buys Housing.com for $47.5M, Saudi property prices turn positive in Q2, and New York freezes hyperscale data-centre permits.
Read →Physical AI Hive raises $15M to retrofit jobsite machines with a 'silicon brain', Sodex lands €4M to turn machines into live site surveyors, Dubizzle backs Takeem for UAE rental protection, and Saudi Downtown moves Al Khobar Downtown into delivery.
Read →Agave raises $15M to put AI into construction's back office, Dubai's DFDF anchors MetaProp Fund IV, Saudi June project awards top $7.9bn, and Parsons wins $245M to run the Navy's satellite ground systems.
Read →Structured AI raises $4.2M to run QA/QC across full drawing sets, Dalton Mills lands $9.2M for plain-English software for the trades, SolarSquare closes ~$53M for India's residential solar, and Saudi May construction awards hit a 2026 high near $8bn.
Read →NavigateAI raises $25M for a field-team AI copilot, Autodesk acquires MaintainX for the operate era, Unec wins $517M for Ora's Bayn waterfront, and Kingdom Holding signs a $1bn Riyadh land deal with Sumou.
Read →August Robotics raises $30M for autonomous site robots, CasaPerks lands $15.8M for rent-and-work loyalty, Abu Dhabi earmarks $57B across 500 projects, and Neom cancels its $1.6B Oxagon-to-The Line rail link.
Read →GovWell raises $25M for an AI government OS, Martha Stewart's Hint lands $10M for home intelligence, and Saudi tenders its 672km section of the $15B GCC railway.
Read →ONESTRUCTION raises ~$58M for Japan's BIM data layer, MRI Software cuts 200 roles as a $10B sale looms, and Diriyah awards $490M for the Saudi Museum of Contemporary Art.
Read →Avoca crosses unicorn status with $125M Series B, Saudi's Foreign Ownership Law enters operational phase, and Parsons wins the Dubai Loop contract from The Boring Company.
Read →All3 raises $25M to robotize multi-family construction, Saudi real estate prices fall 1.6% in Q1 2026, and Aldar's Yas Park Place hits AED 800M in launch week.
Read →Nemetschek scoops up HCSS, Glydways closes $170M for UAE autonomous transit, and The Agency lands its first office in Riyadh.
Read →Xoople raises $130M for AI Earth mapping, Q1 proptech funding hits $3.3B, and Saudi tokenization startup Jozo closes seed.
Read →Rivian spin-out Mind Robotics raises $500M, Procore hits $1B ARR, and Built Robotics exits to Caterpillar.
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