Diamond Age, a Phoenix, AZ-based full-stack robotics startup that is automating new home construction, raised a $50m in Series A funding.
The round was led by Prime Movers Lab with participation from existing investors Alpaca VC, Dolby Family Ventures, Timber Grove Ventures, and Gaingels, which were joined by Signia Venture Partners. Additionally, 20% of the round was made up of production home builders and land developers.
The company intends to use the funds to continue scaling its robotics platform and execute on its first commercial contract to build homes.
Led by Jack Oslan, Co-founder and CEO, Diamond Age is automating new home construction for the production housing industry. Using 3D printing, mechatronics, and robotics technology, the company has advanced its automation platform by scaling up the building envelope to enable a 2,000 square foot single story home to be printed and finished with its robotic tool set. Diamond Age delivered its first scaled version of its system as well as a full scale 3-bed, 2-bath house in 11 months – 4 months ahead of schedule. This led to the company’s first contract with a national homebuilder, which will be announced in the coming days.
FinSMEs
10/03/2022