Diamond Age Raises $50 Million in Series A Financing; Plans to Upgrade its Robotics Construction Platform

Out of all the things, the most important one we can have is a willingness to change. This is partly because, if we close off our mind to any possible modifications, we, more often than not, miss out on a ton. The same has been proven right time and time again throughout our history, and it almost got one more example in technology. You see, when technology first turned up, it didn’t hit a chord with everyone right away. The creation’s groundbreaking ideas actually looked quite unfeasible under the real-world setting. Fortunately, though, the world was able to come around, and once we did, there was no looking back. Suddenly, every single aspect of our lives was readying itself up for a complete makeover. Notably enough, even after delivering an unprecedented lifestyle, technology would continue to unlock new avenues. Such a dynamic has now enabled it to address every imaginable problem. In fact, one recent funding really goes the distance to back the said claim up.

Diamond Age, a “full-stack robotics startup,” has officially secured over $50 million in Series A financing. Led by Prime Movers Lab, the round saw further participation coming from the likes of Alpaca VC, Dolby Family Ventures, Timber Grove Ventures, Gaingels, and Signia Venture Partners. At present, Diamond Age is one of the very few companies that are actively preaching mainstream potential for robotics-driven construction. With US running short on houses by a whopping margin of 7 million, robotics construction has all the room to make a difference, considering the methodology’s cost-effective nature and clear tendency of being quicker than the traditional ways. Diamond Age’s $50 million-haul tells us that this fact isn’t lost on the investors.

Since its last cash injection, Diamond Age has upgraded beyond all expectations. The company’s current technological prowess allows you build a 2,000 sq ft single-story home, and if certain reports are to be believed, Diamond Age will use the newly-raised money to realize an even better setup. Apart from that, the company is also expected to make a run for some strategic partnerships with home developers. The latter plan is centered upon discovering a reality where home building is an on-demand, and consequentially, a more affordable product.

“Diamond Age’s Factory in the Field system brings automation to the construction site to back fill the massive labor shortage in the home construction industry,” said Prime Movers Lab General Partner Suzanne Fletcher. “Jack (Jack Oslan, co-founder and CEO of Diamond Age) and his team have hit key milestones ahead of schedule and are transforming the way production homes are constructed, so it was an easy decision for Prime Movers Lab to lead the company’s Series A.”

 

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