Mighty Building Gets an Investment to Work Towards New Construction
References: mightybuildings & techcrunch
Oakland-based company Mighty Buildings recently raised over $40 million in Series B funding with the mission to build sustainable homes that do not compromise the affordability or design. The company uses technology such as 3D printing, automation, as well as robotics.
Mighty Builds claims to be able to print the structures “two times as quickly with 95% less labor hours and 10-times less waste” in comparison to conventional construction methods. The financing is made possible by Khosla Ventures and Zeno Ventures. The companies are spotlighting a hybrid method of home construction that utilizes 3D printing and prefabrication building. They are introducing a proprietary thermoset composite material by the name of Light Stone Material. This helps with alleviating the dependence on materials such as concrete and steel.
Image Credit: Mighty Buildings
Mighty Builds claims to be able to print the structures “two times as quickly with 95% less labor hours and 10-times less waste” in comparison to conventional construction methods. The financing is made possible by Khosla Ventures and Zeno Ventures. The companies are spotlighting a hybrid method of home construction that utilizes 3D printing and prefabrication building. They are introducing a proprietary thermoset composite material by the name of Light Stone Material. This helps with alleviating the dependence on materials such as concrete and steel.
Image Credit: Mighty Buildings
Trend Themes
1. Sustainable Home Construction - Companies can utilize 3D printing, automation, and robotics to build environmentally friendly homes that are affordable and stylish with reduced waste and labor requirements.
2. Hybrid Construction Methods - Combining 3D printing and prefabrication building can lead to faster and more efficient construction processes that save on labor hours and materials costs.
3. New Building Materials - Developing new materials such as Mighty Buildings' Light Stone Material can reduce dependence on traditional materials like concrete and steel, leading to further innovations in construction practices.
Industry Implications
1. Construction - 3D printing and automation can revolutionize traditional construction methods, increasing efficiency and reducing waste.
2. Sustainability - Innovative construction methods and materials can help reduce the environmental impact of building and provide affordable housing options for more people.
3. 3D Printing and Robotics - Advancements in 3D printing and robotics can be applied to many industries, including construction, leading to more efficient and cost-effective production processes.
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