Promise Robotics

Promise Robotics is expanding its robotic homebuilding operations with a 60,000-square-foot facility in Calgary, set to open in summer 2025. The factory will produce up to 1,000,000 square feet of housing annually, helping address Canada’s housing crisis. Using its Factory-as-a-Service (FaaS) platform, the company integrates AI-powered robotics to boost efficiency and reduce resource use.

CEO Ramtin Attar emphasized that automation’s cost and complexity have kept homebuilders from adopting it—until now. The facility will support local supply chains and job creation, reinforcing Canada’s leadership in homebuilding automation while expanding operations into the U.S. market.

Want to know more? Check out the source code on Calgary.tech.

Toronto-based Promise Robotics, specializing in AI-driven cloud-based industrial production platforms for robotic construction, recently announced a significant milestone.

The company successfully raised $20.8 million in Series A funding, led by Horizons Ventures and featuring support from Radical Ventures, PSP Investments, United Brotherhood of Carpenters, Relay Ventures, and Alate Partners. This funding brings Promise Robotics’ total raised capital to $35 million, propelling its mission to address the persistent supply and labor shortages in the construction and housing development sectors.

The company’s AI platform enables automation at scale, saving costs and accelerating sustainable home production, with plans to make its solution available to North American homebuilders in 2025.

Want to know more? Check out the source code on Newswire.ca.