Weekly Radar

Weekly Radar #313: Autodesk Goes For Gold, Profit Is King, Turning The Late Spigot

Geek Estate Team

Aug 19, 2024 • 6 min read

Image generator: DALL-E Prompt: create a 1950s-style newspaper illustration in dollar bill colors, showing a community leader being honored for loyalty and contributions, with cartoon characters and vintage design.

In this Weekly Radar, we cover:

Autodesk will collaborate with Los Angeles using its CAD and BIM software for sustainable retrofitting during the 2028 Olympics, reflecting a growing trend of public-private partnerships in proptech, driven by climate change and opportunities like the new space race.
Placemakr, under Jason Fudin's leadership, has achieved monthly profitability, growing from 27 employees and less than $5M in annual revenue in 2021 to over 300 employees and $150M.
Despite the slowdown in late-stage funding, Setpoint's $31 million Series B, backed by major financial institutions like Citi and Wells Fargo, and Elise AI's $75 million Series D, which values the company at $1 billion, signal renewed optimism in the proptech sector, offering hope that the market may be recovering.

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Geek Estate Blog Recap:

Transmission Recap:

This week, we published GEM's latest Biz Intel: Proptech Earnings Radar for Q2 2024.

Most recently, Logan Nagel explored the proptech space race--covering expandable habitats, lunar power grids, property ownership on the moon, and space tourism developments. Before that, Drew Meyers shared tips on branding/rebranding companies in the modern day.

CLIMATE

AUTODESK GOES FOR GOLD
By: Logan Nagel

While much of the world has been busy watching the Olympics the last few weeks, CAD software provider Autodesk has been planning a future proptech olympiad endeavor. At the 2028 Los Angeles Olympics, Autodesk will use its CAD and BIM software to collaborate with the city’s planning efforts on retrofitting and modifying existing facilities—sustainability work that is critical to handling the influx of participants and observers in a city that will not build new permanent structures to support the games.