Automated Architecture, a London, UK-based tech company building a distributed micro-factory network, raised £2.6M in Seed funding.
The round was led by Miles Ahead, with participation from Robotics & Discrete Automation and Robotics & Automation Ventures (ABB RA Ventures), Rival Holdings, Morgan Stanley, and others.
The company intends to use the funds to support the growth of its partner license network with ten more partners and expanding operations in the US.
Founded in 2019 by Mollie Claypool, CEO, and Gilles Retsin, CTO, Automated Architecture is a tech company building a distributed micro-factory network for sustainable timber housing. The company, which empowers local ecosystems of communities, contractors, architects and developers to build better homes, licenses its low CapEx robotic micro-factories and tech stack to a network of existing home builders, creating a massive revenue opportunity for these companies to deliver low-energy homes at the price of normal homes and at scale.
Commenting on the news, Mollie Clypool said: “There is a huge and urgent need for affordable low-energy homes, but currently, these are expensive to build and difficult to deliver at scale. Building high-quality, sustainable timber homes is hard to scale, but AUAR is here to change that. Robots and AI allow us to deliver high-quality housing at significantly lower costs, increasing margins and productivity while lowering the cost for the end users. By using our solution, construction companies are incentivised to meet much-needed sustainability targets.”
FinSMEs
20/03/2024