Mighty Buildings nabs $40M Series B to 3D print your next house
Once upon a time, the idea of 3D-printed homes felt like a thing of the future.
But as housing gets less and less affordable especially in ultra-expensive markets such as the Bay Area companies are getting creative in their quest to build more affordable homes using technology.
One of those companies, Oakland-based Mighty Buildings, just raised $40 million in Series B funding for its quest to create homes that it says are “beautiful, sustainable and affordable” using 3D printing, robotics and automation. It claims to be able to 3D print structures “two times as quickly with 95% less labor hours and 10-times less waste” than conventional construction. For example, it says it can 3D print a 350-square-foot studio apartment in just 24 hours.