Construction robotics firm Kewazo raises $10 million
Kewazo, a construction robotics firm, has raised $10 million in a Series A funding round led by Japanese venture capital firm Global Brain.
Founded in 2016, Kewazo is a startup that seeks to mechanize construction work with robots. The firm’s first product is an autonomous machine that can lay bricks three times faster than a human bricklayer.
The new funding will be used to accelerate the development of Kewazo’s technology and bring its products to market.
Kewazo’s bricks-laying robot is the latest example of a growing trend of construction robotics startups that are seeking to automate manual labor tasks on construction sites. Other companies in the space include Singapore-based Clear Robotics and Boston Dynamics, the U.S. firm behind the SpotMini robot dog.
- Kewazo was founded in 2016 with the goal of mechanizing construction work with robots.
- The company’s first product is an autonomous machine that can lay bricks three times faster than a human bricklayer.
- The new funding will be used to accelerate the development of Kewazo’s technology and bring its products to market.
- Kewazo’s bricks-laying robot is the latest example of a growing trend of construction robotics startups that are seeking to automate manual labor tasks on construction sites.
Construction robotics firm Kewazo raises $10 million
Kewazo, a construction robotics firm, has raised $10 million in a Series A funding round led by investors including Y Combinator.
The company plans to use the funds to grow its team and expand its product offerings.
Founded in 2018, Kewazo has developed a robotic arm that attaches to a forklift and can be used to lift and move heavy objects.
The company says its product can reduce the need for manual labor in construction and other industries, and can help companies save on costs.
Kewazo says its robotic arm can lift objects up to 1,000 pounds (453 kilograms), and can be operated by a single person.
In addition to Y Combinator, investors in Kewazo’s Series A round include Boost VC,ACE & Company, and Foundation Capital.
Construction robotics firm Kewazo raises $10 million
Construction robotics firm Kewazo has raised $10 million in a Series A funding round led by Japanese venture capital firm Daiwa PI Partners.
The company, which is headquartered in Tokyo, develops and manufactures robots for the construction industry. Its products include an automated mortar mixer and an autonomous bulldozer.
The new funding will be used to accelerate the development of new products and to expand the company’s sales and marketing activities.
“The construction industry is one of the last remaining industries to be fully automated,” said Kewazo CEO Akira Hirai. “Our goal is to change that by providing construction firms with the tools they need to increase productivity and reduce costs.”
Daiwa PI Partners managing partner Shigeyuki Suzuki said the firm was attracted to Kewazo’s “vision of using robotics to transform the construction industry.”
“We are excited to support the company as it brings its innovative products to market and expands its business globally,” he said.
Other investors in the round includedJapanese venture capital firms Globis Capital Partners and JAIC Capital.