Tech Company Financing Transactions
Promise Robotics Funding Round
Horizons Ventures, Alate Partners and PSP Investments joined a $15 million Series A venture round for Promise Robotics. The financing was announced on 10/31/2023.
Transaction Overview
Company Name
Announced On
10/31/2023
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to commercialize its first robotic factory platform to support the demand from homebuilders and to continue expanding its product IP in AI, computer vision, and industrialized robotics systems for construction.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1 Dundas Street
Toronto, Ontario, Undisclosed
CA
Toronto, Ontario, Undisclosed
CA
Phone
Undisclosed
Website
Email Address
Overview
Promise Robotics is an AI company bringing the most intelligent, flexible and compact industrial robotic systems to construction. Our ready-to-deploy industrial production systems are powered by a proprietary cloud-based software platform that manages the entire production lifecycle, from production planning to factory floor operations, scheduling, and logistics. Promise Robotics manages the entire automation lifecycle as-a-service to free partners to focus on growing their homebuilding business.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ramtin Attar
Co-Founder
Reza Nasseri
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Where The Data Comes From
Our team works diligently to record tech company VC transactions. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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