Toggle, a New York-based construction startup, announced this morning that it had raised $8 million in Series A funding. Tribeca Venture Partners led the round and included Blackhorn Ventures and Point72 Ventures. Twenty Seven Ventures was also involved. This follows a seed round of $3 million raised in late-2019.During the pandemic, robotics was a popular investment target. The rise of construction startups is also evident. Dusty announced an $16.5 million increase for its Field Printer device in the beginning of this month.Toggle automates a completely different aspect of the construction process. Robotics technology from Toggle focuses on rebar. It uses robotics to assemble foundational material in a fraction of time.Toggle is an innovative way to increase construction's speed and save time, said cofounder and CEO Daniel Blank. Blank also stated that Toggle partners are helping him to develop new tools and approaches for the building block of our built environment, with a focus in renewable energy and sustainable urban design.Toggle claims that the new round will be used to expand production of the tech. This includes increasing headcount as well as upgrading production space to a new 50,000-square foot facility.
