Promise Robotics Raises Usd$15 Million Series A To Enable The Homebuilding Industry To Close The Housing Gap At Scale
Amount Raised
$15 Million
Round Type
Series A
TorontoSoftwareArtificial IntelligenceMachine LearningRoboticsIndustrial AutomationInvestors
Description
Promise Robotics, an AI company developing a cloud-based industrial production platform for robotic construction and assembly, today announced it raised USD$15 million in Series A funding, bringing its total funding raised to date to USD$25 million. This round was led by Horizons Ventures with participation from Radical Ventures, Public Sector Pension Investment Board (PSP Investments), and strategic investors, including United Brotherhood of Carpenters, Relay Ventures, and Alate Partners. The new funding will help Promise Robotics commercialize its robotic factory platform to support its growing demand from homebuilders and to continue expanding
Quick answer
Promise Robotics raised $15 Million in a Series A round, dated October 31, 2023. Investors: Alate Partners, Relay Ventures, United Brotherhood Of Carpenters, Public Sector Pension Investment Board, Radical Ventures and Horizons Ventures. Promise Robotics is based in Toronto, Ontario, Canada.
- How much did Promise Robotics raise?
- Promise Robotics raised $15 Million in a Series A round on October 31, 2023.
- Who invested in Promise Robotics?
- Alate Partners, Relay Ventures, United Brotherhood Of Carpenters, Public Sector Pension Investment Board, Radical Ventures and Horizons Ventures are named as investors in this round.
- What does Promise Robotics do?
- Promise Robotics is an AI company with a mission to enable the building industry to harness automation towards the production of more affordable and sustainable homes.
- Where is Promise Robotics based and how big is it?
- Promise Robotics is based in Toronto, Ontario, Canada. Fundz records about 51 employees.
- Who are the decision-makers at Promise Robotics?
- Fundz holds 1 contact at Promise Robotics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Robotics and Industrial Automation around the same time
Companies in the same sectors as Promise Robotics that raised within 45 days of this round, from Fundz verified event records.
- Cursor raised $8M (Funding Round) on October 11, 2023.
- Mujin raised an undisclosed amount on September 20, 2023.
- Chalk raised $10M (Seed) on December 12, 2023.
- Laza Medical raised $36M (Series A) on December 12, 2023.
- ON raised $25M (Funding Round) on December 6, 2023.
- VAST Data raised an undisclosed amount (Series E) on December 6, 2023.
Who to call at Promise Robotics, and when
A new round usually means Promise Robotics is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Promise Robotics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Promise Robotics, from your own LinkedIn network
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Funding Insights
What this usually meansPromise Robotics 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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