Augmenta, a Toronto, Canada-based company automating building design for the construction industry, announced it has emerged from stealth mode with $4.1 million in seed funding to bring to market its design platform for the construction industry.
The round was led by Hazelview Ventures, with participation from Ferguson Ventures and Whiteshell Group Inc.
The funds will be used to accelerate the development of the Augmenta Construction Platform (ACP); launch a pilot program for the Electrical System Design (ESD) module – the first of several solutions that have been built on Augmenta’s automated design platform; and grow the Augmenta team across sales, deployment, and customer support.
Round: Seed Round
Funding Month: June 2022
Lead Investors: Hazelview Ventures
Additional Investors: Ferguson Ventures and Whiteshell Group Inc.
Company Website: https://www.augmenta.ai/
Software Category: Construction Platform
About the Company: Founded by the ex-Autodesk team that pioneered Generative Design, Augmenta is a software company that is driving a new level of efficiency for the construction industry by automating building design. The company’s flagship Augmenta Construction Platform (ACP) is being developed to ensure buildings are always designed to be energy efficient, use sustainable materials, are safer to build, and contribute less waste to landfills during construction. Once available commercially, this innovative new cloud-based platform – which uses artificial intelligence, including machine learning and mathematical optimization – will enable contractors and engineers to create error-free, constructible, code-compliant designs of buildings and systems in hours instead of weeks.