Diamond Age, a Bay Area company, announced this week that it raised $8 million. Prime Movers Lab and Alpaca VC lead the seed round. It also includes a number of other firms such as Dolby Family Ventures and Calm Ventures.
The startup plans to use a variety of emerging technologies to build houses faster with fewer workers. Diamond Age claims its technology will reduce the amount of manual labor required to build a family home by 55%, and cut construction times from 9 months to just 30 days when fully implemented. As proof of concept, a portion of the funding will be used to build a 1,100-square foot demonstration house.
Jack Oslan, CEO and co-founder of the company, stated in a release that we need to build affordable, high-quality single-family homes for the next generation aspiring for the American Dream. Automation is the only solution.
The company uses 3D printing and robotic solutions. For the first, 26 attachments for robotic arms are used to aid in construction. This tech is combined with a gantry-based, 3D printing technology that can be used to build interior and exterior walls.
The company is specifically targeting the Bay Area housing crisis. Construction companies will have access to the systems through a RaaS (robotics-as-a-service) rental model. The system's pricing details have not yet been disclosed.