Construction Startup Scaled Robotics Lifts €2M Aiming To Reduce Cost and Time

Scaled Robotics, Barcelona-based construction startup, has announced a raise of €2 million in the seed round led by European investors named Norwegian Construct Venture and PropTech Fund Surplus. This investment follows a €1 million pre-seed. With the latest funding, the startup is aiming to reduce the construction cost and time. 

Founded in 2016, Scaled Robotics pursues a mission to eliminate inefficiency and waste the construction industry face. It modernizes construction with Artificial Intelligence and Robotics, which eventually helps construction projects eradicate rework, which is an estimated 20% of every project. They are striving to create a manufacturing process that is cost-effective, lean, and efficient.  

As per a statement that came after the funding from the co-founder and CEO Stuart Maggs, the tools developed by Scaled Robotics not only offer a wide analysis of the situation of a construction project but also give a centralized repository for all data linked to the project quality and progress.  

He further adds, I believe that our products will enable this global $13 trillion industry to tackle risk and inefficiency, which was impossible a few years ago, better. 

It’s our privilege to have Surplus Invest and Construct Venture on board,  as the two investors take our vision of changing the industry through a fine mix of robotics and artificial intelligence.

Besides, Scaled Robotics is cathing the spotlight from International players as it convinced a jury of international investors and startup experts at the Disrupt Berlin where it won the place in the Startup Battlefield. It competed against 14 startups in the contest. 

As per Scaled Robotics, the root of this problem lies in the fact that the construction industry is still banking on century-old tools and processes to take on the problems of the present. Scaled Robotics modernizes it with the help of a robot, which not only can track the half-completed structure, gantries, materials, etc., but also produce 3D progress maps instantly and alert the administration in case things go wrong.