Balfour Beatty Invests £10 million in Pi Labs to Accelerate Practical Innovation in Infrastructure Delivery

Balfour Beatty plc has announces a £10 million strategic investment in Pi Labs’ Fund IV, an early-stage venture capital fund and platform focused on technologies for the built environment.

The investment will strengthen Balfour Beatty’s access to technologies that could improve productivity, delivery certainty, safety and performance across major infrastructure projects. By working with entrepreneurs across the UK, US and Europe at an early stage, the Group will be able to identify relevant innovations sooner, build targeted partnerships and explore how practical technologies can be tested and applied across its construction projects around the world.

Philip Hoare, Balfour Beatty Group Chief Executive, said, “Our investment in Pi Labs will give us earlier access to entrepreneurs and technologies that could improve delivery, build capability and capacity and create long-term value. This is a strategic investment in practical innovation, focused on the partnerships and insight our key markets need for the years ahead.”

Faisal Butt, Founder and Managing Partner of Pi Labs, said, “Balfour Beatty’s commitment reflects a shared belief that technology and AI can improve how the built environment is designed, delivered, maintained and operated. Our ambition is to accelerate innovation across the sector and back the entrepreneurs working on some of its biggest challenges, from productivity and performance to sustainability and resilience.”

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