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UpdatedThu, Mar 11, 2021 at 11:18 am PT
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The homes will be constructed on a 5-acre parcel near Sunnylands, in the area of Ginger Rogers Road and Key Largo Avenue. (Mighty Buildings/EYRC Architects)
The project is expected to wrap up in about a year (concept image). (Mighty Buildings/EYRC Architects)
The project is expected to wrap up in about a year (concept image). (Mighty Buildings/EYRC Architects)
The project is expected to wrap up in about a year (concept image). (Mighty Buildings/EYRC Architects)
The project is expected to wrap up in about a year (concept image). (Mighty Buildings/EYRC Architects)
ArcTern Ventures Announces Investment in 3D Printed Home Startup
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TORONTO, Feb. 10, 2021 /PRNewswire/ - ArcTern Ventures, a leading climate tech fund with offices in Canada, the US and Norway, is pleased to announce an investment in Oakland-based Mighty Buildings as part of the company s $40 million Series B round. Other investors in the round include Khosla Ventures, Bold Capital Partners, and Zeno Ventures.
Mighty Buildings is reimagining the construction industry through 3D printing of homes. With their advanced robotics and proprietary composite materials, Mighty Buildings is able to print an entire home offsite in around twenty-four to thirty-six hours. By applying state-of-the-art automation and innovative new technologies, Mighty Buildings can produce 3D printed structures two times as quickly and with ten times less waste than conventional construction. On a structural basis, their composite materials are stronger an
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.