Augmenta Raises $10M in Seed Funding
Summary
Augmenta, a Toronto, Canada-based provider of a design platform for the built environment, raised $10M in Seed funding. The company intends to use the funds to expand the capabilities of its Electrical System Design (ESD) agent, accelerate the development of its Mechanical and Plumbing agents, and build out its sales and support organizations. Led by CEO Francesco Iorio, Augmenta provides AI software for the AEC industry that automates the sustainable design of buildings to deliver efficiencies and cost savings at scale. This investment built on Augmenta’s recent momentum, including a strategic partnership with ENG, a global leader in Building Information Modeling (BIM). The ongoing collaboration brings together innovative AI technology and ENG’s BIM expertise to automate electrical design modeling for subcontractors.