Mighty Buildings, an Oakland, CA-based company which specializes in 3D printing construction technology, raised $52M in funding.
The round, which brought the total funding raised since inception to $150m, was led by Saudi Aramco’s Wa’ed Ventures and BOLD Capital, with participation by Khosla Ventures, KB-Badgers, and 15 other new and existing investors.
The company intends to use the funds to accelerate development and scale production of new homes for the U.S. market, as well as to establish manufacturing operations in Saudi Arabia and the United Arab Emirates.
Founded in 2017, Mighty Buildings develops prefab homes by leveraging 3D printing, material science and automation for offsite prefabrication. The company works with compliance and regulatory agencies to develop materials that are tested and certified to rigorous standards, and have been proven to provide high-velocity hurricane, earthquake and water damage resistance.
FinSMEs
12/09/2023