Monumental, the Amsterdam-based tech company automating construction with robotics and software, has announced a $32 million Series B led by Khosla Ventures, with participation from existing investors Plural and Hummingbird.
The funding will grow Monumental’s world-class team of hardware and software engineers, scale the number of robots it can deploy across Europe and the UK, deepen its UK presence, expand the range of construction tasks the robots can handle, and fund its expansion into the US.
Britain does not have the people it needs to build. To hit the government’s target of 1.5 million new homes, the Home Builders Federation estimates the country needs at least 20,000 more bricklayers, yet only around 1,990 completed apprenticeships in 2024. [Read more…] about Monumental raises $32 million to expand autonomous construction robots