Monumental, an Amsterdam, The Netherlands-based robotics startup, raised $25M in funding.
The round was led by Plural and Hummingbird. Northzone, Foundamental and NP-Hard Ventures, as well as angel investors, also participated.
The company intends to use the funds to grow its team of hardware and software engineers, scale the number of robots it can deploy on sites across Europe, and increase the types of blocks and construction tasks the robots can manage.
Founded in 2021 by CEO Salar al Khafaji and CTO Sebastiaan Visser, Monumental builds construction robots. Its small, electric, agile, autonomous ground vehicles (AGVs) move freely around the rough terrain of building sites to help contractors address labour shortages and rising costs, with an initial focus on bricklaying. Contractors hire Monumental as a subcontractor to bring in its robots to work as bricklayers autonomously, across the site and alongside humans. This removes the financial risk to contractors involved in purchasing and operating the machines while also reducing the technical risk of having to learn and validate the tech. Following pilot test cases in the Netherlands, Monumental completed its first large-scale, 15-metre facade for an office and warehouse building in 2023. It has since deployed its robots on several other projects, including social housing and has partnerships with multiple top 25 general contractors.
FinSMEs
15/02/2024