Promise Robotics
Latest round
- Series A
Last raised
- Oct 2023
Total raised
- $15M
Investors
- 6
About Promise Robotics
Promise Robotics Inc.Founded in 2020, Promise Robotics Inc. is based in Toronto, Canada, and specializes in advanced automation technologies for the construction sector. The company was started by Ramtin Attar, who has a background in developing tech solutions for various industries.Promise Robotics specializes in providing advanced automation solutions for the construction industry, focusing on producing affordable and sustainable housing. Their core offerings include a proprietary cloud-based software platform that manages the entire production lifecycle, enabling rapid operationalization of home production within weeks. This platform integrates planning, scheduling, and logistics, catering to a wide range of construction needs from single-family homes to multi-story buildings.Promise Robotics operates on a business model that includes a subscription-based service for their automation solutions, allowing clients to access their advanced production technology as-a-service. Revenue is generated through partnerships with homebuilders and construction firms, which may involve tiered pricing plans based on the scale and complexity of projects.In October 2023, Promise Robotics Inc. The company plans to expand its offerings further and target new markets in North America, aiming for a broader reach in the next 12 to 18 months.
Who invested in Promise Robotics
6 investors across 1 round
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Funding rounds
Series A
Oct 31, 2023
Amount
$15M
Investors
Questions about Promise Robotics
Who invested in Promise Robotics?
Promise Robotics has 6 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Promise Robotics raised?
Promise Robotics has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Promise Robotics last raise money?
Promise Robotics's most recent round on record is a Series A, in Oct 2023.
What does Promise Robotics do?
Promise Robotics is a software company.
Where is Promise Robotics headquartered?
Promise Robotics is headquartered in Toronto, Canada.
Which VCs invest in companies like Promise Robotics?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Promise Robotics's stage. Their profiles are linked below.
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