Automated Architecture Raises £2.6M in Seed Funding
Summary
The round was led by Miles Ahead, with participation from Robotics & Discrete Automation and Robotics & Automation Ventures (ABB RA Ventures), Rival Holdings, Morgan Stanley, and others. Founded in 2019 by Mollie Claypool, CEO, and Gilles Retsin, CTO, Automated Architecture is a tech company building a distributed micro-factory network for sustainable timber housing. Commenting on the news, Mollie Clypool said: “There is a huge and urgent need for affordable low-energy homes, but currently, these are expensive to build and difficult to deliver at scale. Building high-quality, sustainable timber homes is hard to scale, but AUAR is here to change that. By using our solution, construction companies are incentivised to meet much-needed sustainability targets.”