202221 Jun

Augmenta Raises US$4.1M in Seed Funding

Summary

Augmenta, a Toronto, Canada-based company automating building design for the construction industry, raised $4.1M in Seed funding. 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.

Source: Finsmes

Funding

$4.1M
Amount
Jun 21 2022
Date
-
Investor
Augmenta AI
Company

Classifications

Companies