BotBuilt Inc., a startup using robots to speed up residential construction projects, has raised $12.4 million in seed funding to finance growth initiatives.
TechCrunch reported the investment today. BotBuilt’s backers are said to include Y Combinator, Ambassador Supply, Shadow Ventures and Owens Corning, a publicly traded building supplies provider. The capital infusion gives the company a post-money valuation of $35 million.
A house’s framing, the wood and metal skeleton that supports its structure, is usually assembled by hand. The manual nature of the task means that there’s a significant risk of human error. According to BotBuilt, mistakes that occur during the framing assembly process can lead to material waste and project delays.