Toronto’s Augmenta has successfully raised $15.5 million in a seed extension round to further develop and commercialize its revolutionary design platform tailored for the construction industry.
The company, recognized as a Top 50 Preconstruction Future Disruptor by BuiltWorlds and listed in CB Insights’ prestigious 2023 AI 100, aims to automate building design processes, addressing the challenges posed by legacy tools and time-consuming procedures.
With the newly acquired funds, Augmenta plans to expand its team in engineering, sales, and support, while also engaging in commercial pilots with electrical engineering firms. Their technology aims to streamline construction design, reducing errors and increasing efficiency.
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