March 10, 2022

DiamondGantry400x275Diamond Age, a Phoenix-based robotics startup that is automating new home construction, has announced it raised $50 million in a Series A funding round. The company said it will use the funding to continue scaling its robotics platform and execute on its first commercial contract to build homes.

The company is building a suite of 26 end-of-arm robotic tools to offset 55% of the manual labor required to build a new home, reducing the construction cycle time from about 9 months to 30 days. Diamond Age also develops additive manufacturing tools that move along a gantry system to add layers of concrete to “print” the interior and exterior walls of a house. The company said it 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. It delivered a first scaled version of its system, as well as a full-scale, three bedroom, two-bathroom house in 11 months, 4 months ahead of schedule. 

“Affordable housing is impacting people on a global scale,” said Jack Oslan, co-founder and CEO of Diamond Age. “As the average age for first-time homebuyers has moved from mid-twenties to mid-thirties, there’s an increased demand for more rental property – forcing the entire hierarchy of renters into a more competitive market for ‘quality’ housing. Helping the next generation of homebuyers get into their first house faster helps the entire ecosystem of housing.”

The funding round was led by Prime Movers Lab, with participation from seed investors Alpaca VC, Dolby Family Ventures, Timber Grove Ventures and Gaingels, as well as SIgnia Venture Partners. The company said 20% of the funding round was made up of production home builders and land developers.

The company said it has already doubled in size and plans to add more engineering and fabrication talent, in order to help partner with home builders and developers to turn home building into an on-demand product and provide buyers with more options when designing their home.

“Diamond Age’s Factory in the Field system brings automation to the construction site to backfill the massive labor shortage in the home construction industry,” said Suzanne  Fletcher, general partner at Prime Movers Lab. “Jack and his team have hit key milestones ahead of schedule and are transforming the way production homes are constructed so it was an easy decision for Prime Movers Lab to lead the company’s Series A.”

For more details on Diamond Age and its technologies, visit its website here.