Aiming To Reduce Cost and Time, Construction startup Scaled Robotics raises a €2M seed round
Published by : Industrial Automation
Scaled Robotics, Barcelona-based construction startup, has announced a raise of €2 million in the seed round led by European investors named Norwegian Construct Venture and PropTech Fund Surplus.
This investment follows a €1 million pre-seed. With the latest funding, the startup is aiming to reduce the construction cost and time.
Founded in 2016, Scaled Robotics pursues a mission to eliminate inefficiency and waste the construction industry face. It modernizes construction with Artificial Intelligence and Robotics, which eventually helps construction projects eradicate rework, which is an estimated 20% of every project. They are striving to create a manufacturing process that is cost-effective, lean, and efficient.
As per a statement that came after the funding from the co-founder and CEO Stuart Maggs, the tools developed by Scaled Robotics not only offer a wide analysis of the situation of a construction project but also give a centralized repository for all data linked to the project quality and progress.
Construction has become one of the key focuses of robotics investments in recent years, with names like Built, Toggle and Dusty raising rounds in the last year or so. Even Boston Dynamics is looking to get into the act, mounting lidar sensors to the top of its Spot robots, with construction listed as one of the primary use case for the commercialized version of the product.
Scaled’s robot is low to the ground, with four-wheels. Mounted up top are lasers and cameras that use SLAM technology to essentially build a 3D point map of a space. The map is then compared to a construction model of the space, and differences can be noted down to the centimeter. The robot’s mobility saves construction workers from having to lug around a tripod, as is the case with standard stationary laser scanners.
“The tools being developed by Scaled Robotics not only provide a detailed analysis of the state of a construction project but also provide a centralized repository for all information relating to project quality and progress,” co-founder and CEO Stuart Maggs said in a release tied to the funding. “We envision that our products will allow this global $13 trillion industry to manage risk and uncertainty in ways that were previously impossible. We are very pleased to have Surplus Invest and Construct Venture on the team, both investors who share our vision of changing the industry through a combination of robotics and artificial intelligence.”