Promise Robotics, an AI company developing a cloud-based industrial production platform for robotic construction and assembly, recently announced it raised $15 million in Series A funding, bringing its total funding raised to date to $25 million. This funding round will help the company commercialize its robotic factory platform to support its growing homebuilder demand and continue expanding. The construction and housing development industries are facing persistent supply and labor shortages, and Promise Robotics’ AI-driven system enables the homebuilding industry to deploy automation at scale to address labor shortages, save costs, and significantly increase the speed of sustainable home production. The company’s AI platform turns off-the-shelf industrial robots into ready-to-deploy production systems powered by its proprietary cloud-based operating system that manages the entire production lifecycle.
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