PaintJet, the robotics company bringing automation to industrial painting, has raised $10 million in Series A funding to bring critical automation technology to the construction industry and address widespread labor shortages.
The latest round of funding was led by Outsiders Fund with participation from 53 Stations, Dynamo, Pathbreaker Ventures, MetaProp and VSC Ventures. This brings PaintJet’s total funding to $14.75 million.
Every single commercial building needs to be painted for protection from the natural environment, but the American painting sector is in crisis, lacking 100,000 laborers that are needed to meet today’s project demands. [Read more…] about PaintJet raises $10 million in Series A funding