Promise Robotics

Promise Robotics

Helping the building industry to harness automation towards a more affordable and sustainable built environment. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD83—125m (Dealroom.co estimates Oct 2023.)
Toronto Ontario (HQ)
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DateInvestorsAmountRound

N/A

Seed

N/A

Grant
*

CAD20.8m

Series A
Total FundingCAD20.8m

Recent News about Promise Robotics

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Promise Robotics is a cutting-edge startup revolutionizing the construction industry through advanced automation and artificial intelligence (AI). The company specializes in creating intelligent, flexible, and compact industrial robotic systems designed specifically for construction. These systems are powered by a proprietary cloud-based software platform that manages the entire production lifecycle—from planning and factory floor operations to scheduling and logistics.

Promise Robotics primarily serves developers, builders, and other professionals in the Architecture, Engineering, and Construction (AEC) sectors. By offering a comprehensive automation lifecycle service, the company allows its partners to focus on expanding their homebuilding businesses without worrying about the complexities of digital manufacturing.

Operating in the construction technology market, Promise Robotics leverages its deep expertise in automated home production to deliver scalable solutions. The company's business model revolves around providing these advanced robotic systems and the accompanying software as a service. This means clients pay for the use of these systems and services, which helps them reduce costs, increase productivity, and achieve sustainability in their building projects.

The company was co-founded by Ramtin Attar, who brings over 16 years of experience in the building industry, and Reza Nasseri, a notable Canadian home builder and philanthropist. Their leadership and vision have positioned Promise Robotics as a promising player in the construction tech space.

Promise Robotics has already made significant strides, completing over 10 million square feet of automated home production. The company has also garnered recognition, being selected as one of the Top 20 Early Startups by the Canadian Innovation Exchange (CIX).

Keywords: AI, robotics, construction, automation, digital manufacturing, cloud-based software, AEC, homebuilding, productivity, sustainability.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.