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Augmenta Emerges From Stealth Mode And Raises Us$4.1 Million In Seed Funding To Automate Building Design For The Construction Industry

PRIVATEJun 21, 2022

Amount Raised

$4.1 Million

Round Type

Seed

TorontoInformation TechnologySustainabilityFinancial ServicesSoftware

Description

Augmenta, the company automating building design for the construction industry, today announced it has emerged from stealth mode with US$4.1 million in seed funding to bring to market its design platform for the construction industry. The round was led by Hazelview Ventures with participation from Ferguson Ventures and Whiteshell Group Inc. The funds will be used to accelerate the development of the Augmenta Construction Platform (ACP); launch a pilot program for the Electrical System Design (ESD) module – the first of several solutions that have been built on Augmenta’s automated design platform; and grow the Augmenta team across sales, deployment, and customer support.

Quick answer

Augmenta raised $4.1 Million in a Seed round, dated June 21, 2022. Augmenta is based in Toronto, Ontario, Canada.

How much did Augmenta raise?
Augmenta raised $4.1 Million in a Seed round on June 21, 2022.
What does Augmenta do?
Founded by the ex-Autodesk team that pioneered Generative Design, Augmenta is a software company that is driving a new level of efficiency for the construction industry by automating building design.
Where is Augmenta based and how big is it?
Augmenta is based in Toronto, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Sustainability and Financial Services around the same time

Companies in the same sectors as Augmenta that raised within 45 days of this round, from Fundz verified event records.

  • Clockwork Labs raised $22M (Funding Round) on June 16, 2022.
  • Zenbase raised $4.1M (Seed) on May 31, 2022.
  • Victory Farms raised $5M (Funding Round) on May 19, 2022.
  • Carbon Clean raised $158M (Funding Round) on May 11, 2022.
  • Geopagos raised $35M (Funding Round) on August 4, 2022.
  • Parafin raised $60M (Funding Round) on August 3, 2022.

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Company Information

Company

Augmenta

Location

Toronto, Ontario, Canada

About

Founded by the ex-Autodesk team that pioneered Generative Design, Augmenta is a software company that is driving a new level of efficiency for the construction industry by automating building design. The company’s flagship Augmenta Construction Platform (ACP) is being developed with a view to ensuring buildings are always designed to be energy efficient, use sustainable materials, are safer to build, and contribute less waste to landfill during construction. Once available commercially, this innovative new cloud-based platform – which uses artificial intelligence, including machine learning and mathematical optimization – will enable contractors and engineers to create error-free, constructible, code-compliant designs of buildings and systems in hours instead of weeks. For additional information, visit augmenta.ai.

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Augmenta raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.