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Israeli Real Estate Company Partners With AI Startup IntSite to Develop Autonomous Cranes

Real estate group Shikun & Binui will provide resources for the development of an artificial intelligence-based system capable of autonomously operating a crane within a construction site

Tofi Stoler 16:5427.03.18

Israeli real estate group Shikun & Binui Ltd. is partnering with Israel-based startup IntSite Ltd. to develop autonomous cranes, the companies announced Monday. The technology being developed is an artificial intelligence-based system capable of operating a crane within a construction site, with minimal risks.

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Signed as part of Shikun & Binui’s innovation program, BuildUp, the agreement establishes a strategic partnership between IntSite and Solel Boneh Infrastructures Ltd., an engineering and construction subsidiary of Shikun & Binui, which will provide resources for the development of the technology. In exchange, Shikun & Binui will retain a commercial advantage in the local market, and an opportunity to distribute the technology to the global market.

Crane (illustration). Photo: Amit Magal

The companies did not reveal the size of the investment nor did they provide a timeframe for the completion of the project.

Founded in 1924 as an arm of the Histadrut, Israel’s biggest trade union, Tel Aviv-listed Shikun & Binui is one of the country’s largest construction and infrastructure companies. The company is active in more than 20 countries through global subsidiaries.