Augmenta, a Toronto, Canada-based company automating building design for the construction industry, raised $4.1M in Seed funding.
The round was led by Hazelview Ventures with participation from Ferguson Ventures and Whiteshell Group Inc.
The company intends to use the funds to accelerate the development of the Augmenta Construction Platform (ACP); launch a pilot program for the Electrical System Design (ESD) module; and grow the team across sales, deployment, and customer support.
Led by CEO Francesco Iorio, 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 cloud-based platform – which uses artificial intelligence, including machine learning and mathematical optimization – will enable contractors and engineers to create constructible, code-compliant designs of buildings and systems quickly.
In preparation for the imminent launch of a pilot program for its first product – an automated design module for electrical engineers and contractors that generates fully constructible, code-compliant designs of electrical raceway routing – Augmenta has partnered with Interstates, an innovative electrical contractor based in the U.S. Interstates has helped co-design and test the electrical module over a period of several months in collaboration with Augmenta.
FinSMEs
21/06/2022