Augmenta Raises US$4.1 Million in Seed Funding to Automate Building Design
Augmenta, the company automating building design for the construction industry, announced it has emerged from stealth mode with US$4.1 million in seed funding to bring to market its design platform for the construction industry. The round was led by Hazelview Ventures with participation from Ferguson Ventures and Whiteshell Group Inc. The funds will be used to accelerate the development of the Augmenta Construction Platform (ACP); launch a pilot program for the Electrical System Design (ESD) module – the first of several solutions that have been built on Augmenta’s automated design platform; and grow the Augmenta team across sales, deployment, and customer support.
In the construction industry today, legacy tools and processes used for designing complex building systems like electrical, plumbing, and HVAC make it extremely difficult and time consuming to ensure designs are feasible for construction. Combined with time and resource pressures, this leads to errors that require significant rework, slowing down both design and construction and substantially increasing risk, uncertainty, and costs for contractors and engineers – and in turn real estate developers and owners. At a time when the industry faces talent and material shortages, and pressure mounts due to the inherent complexity of building design, Augmenta is providing innovative new technology to solve these challenges. Based on early customer trials, Augmenta is delivering enormous time and cost savings by bringing generative design to the construction industry. Through its technology platform, Augmenta is automating the entire design process for contractors and engineers, ensuring the designs they create are error-free, constructible, and optimized according to client needs, and created in hours instead of weeks.
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