{"id":25263,"date":"2021-07-16T04:43:10","date_gmt":"2021-07-16T04:43:10","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/mighty-buildings-lands-22m-to-create-sustainable-and-affordable-3d-printed-homes.html"},"modified":"2021-07-16T04:43:10","modified_gmt":"2021-07-16T04:43:10","slug":"mighty-buildings-lands-22m-to-create-sustainable-and-affordable-3d-printed-homes","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/mighty-buildings-lands-22m-to-create-sustainable-and-affordable-3d-printed-homes.html","title":{"rendered":"Mighty Buildings lands $22M to create \u2018sustainable and affordable\u2019 3D-printed homes"},"content":{"rendered":"

Oakland-based <\/span>Mighty Buildings<\/span><\/a>, which is on a quest to build homes using 3D printing, robotics and automation, has raised a $22 million extension to its Series B round of funding.<\/span><\/p>\n

The additional capital builds upon a $40 million raise the company announced earlier this year, bringing its total funding since its 2017 inception to $100 million. <\/span><\/p>\n

Mighty Building\u2019s self-proclaimed mission is to create \u201cbeautiful, sustainable and affordable\u201d homes.<\/span><\/p>\n

The company claims to be able to 3D print structures \u201ctwo times as quickly with 95% less labor hours and 10-times less waste\u201d than conventional construction. For example, it says it can 3D print a 350-square-foot studio apartment in just 24 hours.<\/span><\/p>\n

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Mighty Buildings nabs $40M Series B to 3D print your next house<\/a><\/p>\n<\/blockquote>\n

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Execs say the new capital will go toward <\/span>making supply chain improvements and moving up research and development timelines. The money will also go toward <\/span>helping it achieve a new goal of achieving Net-Zero carbon neutrality by 2028 \u2014<\/span>\u00a0which it says is 22 years ahead of the construction industry overall.\u00a0<\/span><\/p>\n

\u201cAs a founding team, we have long been passionate about solving productivity for construction in a sustainable way,\u201d said co-founder and CEO Slava Solonitsyn. \u201cWe have spent four years figuring out what it takes to achieve that. We believe that we have a master plan now that can work.\u201d<\/p>\n

Since its launch, the company has produced and installed a number of accessory dwelling units (ADUs).<\/span><\/p>\n

Sam Ruben, co-founder and chief sustainability officer of Mighty Buildings, said the new funds will also go toward <\/span>kicking off development of the startup\u2019s multistory offering. The multistory efforts will likely initially focus on two to three-story single family homes and townhouses with an eye toward expanding into low-rise apartment buildings.\u00a0 The company hopes to have at least a prototype multistory offering in late 2022 or early 2023, according to Ruben.<\/span><\/p>\n

\u201cAlong with the sustainability improvements already captured by our new formula, this will allow us to develop our next-generation material to get us even closer to our goal of being carbon neutral by 2028,\u201d Ruben said. \u201cIt will also give us opportunities to implement improvements in our existing design by reducing the impact of our foundations and other, nonprinted elements.\u201d\u00a0<\/span><\/p>\n

Specifically, Mighty Buildings plans to speed up its carbon neutrality roadmap by building \u201chigh-throughput, sustainable\u201d micro factories, forming strategic supply chain partnerships, accelerating \u201cblue skies\u201d technology research and developing new composite materials produced from recycled or bio-based feedstock.\u00a0<\/span><\/p>\n

The micro factories, according to the company, will be able to produce 200 to 300 homes per year in locations where housing gaps exist. Mighty Buildings plans to create single-family residential developments with its panelized \u201cMighty Kit System.\u201d<\/span><\/p>\n

Mighty Buildings has seen quarter over quarter growth in sales, Ruben said, with the company seeing a record of over $7 million in total contracted revenue in the second quarter.\u00a0<\/span><\/p>\n

The company is also excited about its new fiber-reinforced printing material, which is currently undergoing testing with certification expected to be completed later this year. Mighty Buildings claims that its new formula shows \u201cover 50% improvement\u201d in embodied carbon from its original material and a strength profile similar to reinforced concrete, with more than four times less weight.<\/span><\/p>\n

The round extension was supported by a few new and existing investors including ArcTern Ventures, Core Innovation Capital, Decacorn Capital, Gaingels, Khosla Ventures, Klaff Realty, MicroVentures, Modern Venture Partners, Polyvalent Capital, Vibrato Capital and others.<\/span><\/p>\n

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Despite the hype, construction tech will be hard to disrupt<\/a><\/p>\n<\/blockquote>\n

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Article source: https:\/\/techcrunch.com\/2021\/07\/13\/mighty-buildings-lands-22m-to-create-sustainable-and-affordable-3d-printed-homes\/<\/p>","protected":false},"excerpt":{"rendered":"

Oakland-based Mighty Buildings, which is on a quest to build homes using 3D printing, robotics and automation, has raised a $22 million extension to its Series B round of funding. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[17],"tags":[23],"class_list":["post-25263","post","type-post","status-publish","format-standard","hentry","category-networking-and-communication","tag-network-and-communication"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t