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In line with the fourth industrial revolution, investing in technological automation has evolved from speculative to mission critical. The digital twin is at the forefront of this movement. First movers in healthcare, energy and transportation are driving inception and creating awareness. From a global market size of $3.1B in 2020, the digital twin is projected to reach $48.2B by 2026.1

Workrise, which has built a workforce management platform for the skilled trades, announced today that it has raised $300 million in a Series E round led by U.K.-based Baillie Gifford that values the company at $2.9 billion.

One of North America’s largest pension-backed real estate companies has been privately developing artificial intelligence that quantifies the value of a property down to every tree, blade of grass and speck of dirt, in an effort to drive smarter investment decisions.

Founded in 2018 by CEO Kyle Waldrep, the company’s software contains visual tools for tracking office, retail and industrial real estate transactions from vacancy to tours and deal signing to move-in. It has doubled square footage tracked in its platform to more than 20 million since the beginning of this year.

GS Growth, a unit of the bank that buys stakes in maturing startups around the world with the firm’s money, spent recent months courting outside investors, according to people familiar with the matter. Its first client fund, West Street Global Growth Partners, raised more than $3 billion by early May, capital that will be invested in fast-growing closely held companies in the financial-technolog...

(This story was updated May 20 to identify Colony Capital's portfolio as including $49.9 billion in assets under management, including $20.6 billion in digital assets, in March 2020.) Colony Capital’s almost $1 billion agreement this week to acquire assets of Landmark Dividend is just the start of a planned $3 billion to $4 billion in digital acquisitions by the company across four newly created...

Tooey’s path into entrepreneurship was unorthodox. He was a veteran of the first dot-com bubble, living in Santa Barbara, and had spent a decade struggling to get widespread adoption of Procore. A few times in those early years, the company even struggled to make payroll.

The demise of the office was predicted in the early days of pandemic lockdowns. But the prospect of downtown business districts turning into modern ghost towns is now looking much less likely.

In this report, we explore how leaders in commercial real estate can go beyond room bookings to create a thriving flexible workspace offering that keeps customers coming back.

As more Americans get vaccinated, the return-to-office movement is gathering steam. Companies that a month ago were merely speculating about recalling workers are now setting firm deadlines.