Robotics start-up Diamond Age has raised $50 million in a Series A funding round to accelerate the development of its robotic 3D printing construction system.
The firm is seeking to leverage 3D printing and automated robotics to offset more than half of the manual labor required to build a new home, and reduce construction cycle times from nine months to just 30 days.
“Affordable housing is impacting people on a global scale,” said Jack Oslan, Founder and CEO of Diamond Age. “As the average age for first-time homebuyers has moved from mid-twenties to mid-thirties, there’s an increased demand for more rental property – forcing the entire hierarchy of renters into a more competitive market for ‘quality’ housing.
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Source: 3D Printing Industry
