With pressure mounting for cities to address affordable housing needs, decarbonize buildings, and meet sustainability goals, housing technology company Intelligent City raised CAD 22 million ($17 million), bringing the total capital invested in the company to CAD 30 million ($23 million).
As one of the first companies in North America to apply automation and robotics to the design and manufacturing of prefabricated mass timber buildings, Intelligent City will use the funding to scale operations, commercialize its Platforms for Life (P4L) building solution, grow factory automation, and expand its footprint across and beyond Canada.
Earlier this year, the company completed testing of its building systems and is now verified to work within the new mass timber high-rise building codes in Canada and the US. [Read more…] about Intelligent City raises $30 million to bring robotics and automation to prefabricated construction sector