French construction firm Vinci has made a financial investment in UK-based tunneling company hyperTunnel.
With Aquaa Partners serving as the exclusive financial adviser to hyperTunnel for the deal, the undisclosed amount will be used to further advance and test the company’s novel tunneling technology, which relies on 3D printing, AI, and swarm robotics.
The move also strengthens hyperTunnel’s existing connection to Vinci’s technical departments. hyperTunnel recently became a part of Vinci’s ‘Leonard’ innovation platform after joining Catalyst, the latter’s startup accelerator program. The company also won the annual Construction Start-up Competition held in Miami last year, which Leonard co-organizes along with construction industry players Ferrovial and Cemex Ventures.
