Promise Robotics, an AI company developing a cloud-based industrial production platform for robotic construction and assembly, has raised $15 million in Series A funding, bringing its total funding raised to date to $25 million.
This round was led by Horizons Ventures with participation from Radical Ventures, PSP Investments, and strategic investors, including United Brotherhood of Carpenters, Relay Ventures, and Alate Partners.
The new funding will help Promise Robotics commercialize its first robotic factory platform to support its growing demand from homebuilders and to continue expanding its product IP in AI, computer vision, and industrialized robotics systems for construction. [Read more…] about Construction automation: Promise Robotics raises $15 million Series A funding
