Raise Robotics Raises $2.2M in Seed Round Funding
Raise Robotics, which develops robotic equipment for construction sites, has announced it raised $2.2 million in a pre-seed funding round (reported by Construction Dive). The company is currently providing fenestration and mass timber contractors with semi-autonomous equipment that completes bracket layout, installment and verification four times faster than standard methods.
“Our mission at Raise is to equip today’s workforce with robots that improve the safety and efficiency of on-site construction,” said Conley Oster, COO at Raise Robotics. “We’re working closely with our customers to develop robots that collaborate with existing crews and fit into existing construction processes. By deploying robots to help with high-risk scopes of work, we can save contractors time and money, while improving working conditions for crews on site.
The company said it plans to expand its leasing operations, hire additional engineers and establish a certification program for existing customers with the new funding. “We’re excited to leverage the support from our new investors and partners in the construction industry to scale our solution to multiple construction sites across the country,” said Gary Chen, CEO of Raise Robotics. “Our goal is to help the industry move towards a safer and more efficient future.”
Established in October 2021, Raise includes an early adopter committee that includes DPR Construction, Lendlease, JR Butler, Harmon Inc., and TIS Corporations. The funding round included investments from Cybernetix Ventures, Union Labs VC, and Zacua Ventures.
“Construction is at the cusp of a seismic shift from an automation perspective,” said Vivin Hegde, general partner at Zacua Ventures. “The dramatic acceleration of the labor shortage in the industry, coupled with the advanced abilities of robots today, makes the space ripe for disruption. We believe Raise Robotics is the right team at the right place to take advantage of this massive opportunity.”
“Raise Robotics is building a platform that will keep workers away from slab edges,” added Henning Roedel, robotics lead at DPR Construction. “Working at the edge of slabs is highly risky and usually puts workers in awkward ergonomic positions. We are excited for Raise’s potential to positively impact our job sites and look forward to continuing our relationship with them.”
The company said it will begin nationwide deployments with members of its early adopter committee later this quarter. For updates, visit the company’s LinkedIn page here.