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Built buys fellow construction robotics firm, Roin

Built buys fellow construction robotics firm, Roin


Built buys fellow construction robotics firm, Roin

Construction robotics is a rapidly growing industry, and Built has just made a big move to consolidate its position as a market leader.

Built, a startup that makes robots for the construction industry, has acquired Roin, a fellow construction robotics firm. The terms of the deal were not disclosed.

Founded in 2016, Built has developed a number of construction robots, including a bricklaying machine and a machine that can drywall an entire room in under an hour. The company has raised $9 million in funding from investors including Y Combinator, Fifty Years, and Andreessen Horowitz.

Roin, which was founded in 2017, has developed a robotic system that can autonomously spray fire-resistant coating on buildings. The company had raised $2.5 million in seed funding from investors including Boost VC and Lemnos Labs.

The acquisition will give Built a significant leg-up in the construction robotics market, which is expected to grow from $4 billion in 2020 to $40 billion by 2030, according to McKinsey & Company.

In a blog post announcing the deal, Built co-founder and CEO Patrick O’Shaughnessy said that the two companies have “complementary technologies” and that the acquisition will help Built ” accelerate our mission of making construction sites safe and productive with robotics.”

O’Shaughnessy also said that the two companies have been “long-time admirers” of each other and that the acquisition is “a natural fit.”

For Roin co-founder and CEO Andrew D’Souza, the deal is an opportunity to “take our technology to the next level.”

“As part of Built, we will have access to resources that will enable us to continue developing our technology and expanding our reach,” D’Souza said in a blog post.

This is not the first time that Built has made an acquisitions. In 2019, the company acquired Grit Robotics, a startup that makes robots for concrete finishing.

Built buys fellow construction robotics firm, Roin

Built, a construction robotics startup, has acquired fellow construction robotics startup Roin, the companies announced today.

Terms of the deal were not disclosed.

Founded in early 2017, Built has developed a suite of robots designed to automate various construction tasks, such as bricklaying, drywall installation, and window installation.

Roin, meanwhile, has developed a robot that autonomously cleans construction sites. The company was founded in late 2016.

The acquisition is the latest in a string of consolidation in the construction robotics space. In May, Fastbrick Robotics, an Australian company developing a bricklaying robot, acquired Hadrian X, a bricklaying robot developed byKindred, a Canadian robotics research lab.

And in November, the world’s largest construction equipment manufacturer, Caterpillar, announced that it was developing a autonomous robot for construction sites.

The construction robotics industry is still in its infancy, but it’s expected to grow rapidly in the coming years. Research firm Tractica estimates that the market for construction robots will grow from $95 million in 2016 to $173 million by 2025.

  • Built buys fellow construction robotics firm, Roin
  • Terms of the deal were not disclosed
  • Founded in early 2017, Built has developed a suite of robots designed to automate various construction tasks
  • The acquisition is the latest in a string of consolidation in the construction robotics space

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