Promise Robotics

Overview
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Construction Tech?
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Early
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Construction Robotics
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Promise Robotics is an AI company developing a cloud-based industrial production platform for robotic construction and assembly. The company's AI-driven system enables the homebuilding industry to deploy automation at scale, addressing labor shortages, reducing costs, and increasing the speed of sustainable home production from custom single-family to multi-story buildings. Promise Robotics' platform transforms off-the-shelf industrial robots into ready-to-deploy production systems powered by a proprietary cloud-based operating system that manages the entire production lifecycle. The company's technology aims to significantly reduce the embodied carbon and operational energy within a building cycle while reducing the production cycle time by 50% and nearly eliminating material waste associated with traditional construction.

Founded in 2021 by Ramtin Attar and Reza Nasseri, Promise Robotics emerged from the founders' extensive track record in large-scale automated home construction. The company's AI platform analyzes building designs, generates machine instructions, and communicates these instructions via cloud to robots that work collaboratively and autonomously to produce building components. Promise Robotics estimates that for every 1 million new homes, its technology can help the industry save USD 130 billion in costs and reduce greenhouse gas emissions by 560 megatons. As of October 2023, the company was setting up its robotic production line in a micro-factory in Alberta, Canada, to initiate partnerships with several homebuilders. Promise Robotics plans to make its turnkey factory production solution available to the broader North American homebuilders in 2025.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Toronto ON CAN
Founded year:
2020
Employees:
11-50
IPO status:
Private
Total funding:
USD 15.0 mn
Last Funding:
USD 15.0 mn (Series A; Oct 2023)
Last valuation:
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