Intelligent City Raises $30 Million To Advance The Sustainable Urban Housing Industry Using Mass Timber, Automation, And Robotics
Intelligent City Raises $30 Million To Advance The Sustainable Urban Housing Industry Using Mass Timber, Automation, And Robotics
07/19/22, 10:09 AM
Location
vancouverMoney raised
$30 million
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 (USD 17 million), bringing the total capital invested in the company to CAD 30 million (USD 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.
Company Info
Location
vancouver, washington, united states
Additional Info
Founded over a decade ago, Intelligent City offers clients highly integrated one-stop solutions to design and pre-fabricate sustainable, net-zero, multi-family urban green buildings at better quality and lower costs for both owners, operators, and tenants. The company’s Platforms for Life (P4L) solution incorporates mass timber, design engineering, Passive House performance, automated manufacturing, and proprietary parametric software. Highly scalable and adaptable, this market-ready proprietary technology platform has been created to deliver highly desirable urban housing with a new level of affordability, longevity, and environmental and social sustainability. For more information, visit www.intelligent-city.com.