Nodes & Links
Greg Lawton and Dr. Christos Ellinas founded Nodes & Links in 2018 to allow infrastructure-building organizations to manage project complexity. The startup, based in London, England, addresses the issue that only 8% of large-scale infrastructure projects are delivered on budget and on time. Through the Aegis platform, Nodes & Links want to automate the scheduling of repetitive and complex tasks within these projects, to improve the decision-making of project managers. Using AI, the platform constantly analyses the thousands of interconnected and interdependent tasks in an infrastructure project to predict risks and delays. Using this information, project managers can simulate scenarios, mitigate risks, track their progress, prioritise activities, and collaborate with teammates. This means projects are delivered faster and at less cost. And, to add a cherry on top, Nodes & Links will develop a product feature for clients to report on total climate impact and GHG emission savings at a project level. 2150 led the $11mln Series A round for Nodes & Links, and built a syndicate including Zigg Capital.
Complex infrastructure projects account for over 4% of the world’s GDP, yet only 8% of them are delivered on budget and on time. Nodes & Links want to automate the scheduling of repetitive and complex tasks within large-scale infrastructure projects, to improve the decision-making of project managers.
Nodes & Links allows organizations to manage project complexity. The company has developed the Aegis platform, which uses complexity science and structured project data to help project managers to deliver projects faster and at less cost. Nodes & Links helps organizations in the energy, construction, aerospace, and defence sectors.
The AI algorithm in the Aegies platform constantly analyses the thousands of interconnected and interdependent tasks in an infrastructure project to predict risks and delays. Project managers can simulate scenarios, mitigate risks, track their progress, prioritise activities, and collaborate with teammates.
According to McKinsey estimates, the world needs to invest $3.5 trillion annually within infrastructure until 2035 just to keep up with expected GDP growth, and an additional $1 trillion per year to reach the UN Sustainable Development Goals. However, large-scale infrastructure projects are rarely delivered on time or on budget.
2150 sees this as a waste of the finite time left to tackle climate change through sustainable infrastructure. As the 2150 team puts it, every day a sustainable infrastructure project is delayed is one less day without its potential positive impact. Nodes & Links has now served customers ranging from BAM Nuttall to Vestas, Mott MacDonald, and the UK HS2 project.
Nodes & Links’ impact is twofold. Firstly, their software makes projects more efficient, which directly reduces their greenhouse gas (GHG) footprint. As explored in our article on the urban environment, large-scale construction projects are usually delayed 20 months beyond their original schedule, and spend an average of 80% more than the planned budget. Part of these delays and budget overruns arise because things are done that then have to be undone, or altered. Reducing these inefficiencies means saving materials and fuel, which in turn reduces the GHG footprint of the entire project. Nodes & Links is currently working with clients to quantify the GHG emissions saved due to using their software, based on the project’s carbon footprint. The company is planning to turn this into a feature of the product that will allow reporting at a project level on total climate impact as well as GHG savings due to delivering a project on time.
The second impact Nodes & Links has is more indirect, but nonetheless material. As stated above, large-scale construction projects are usually delayed and on average, exceed their original budget by 80%. Reducing these overruns frees up more capacity, in terms of time and capital, for additional infrastructure projects. As a good share of Nodes & Links customers, and their customers’ customers, focus on sustainable infrastructure, this likely means that Nodes & Links ensures more capacity and resources remain available for additional sustainable infrastructure projects. As such, Nodes & Links allow the world to develop sustainably faster.