Company Research Report: Augmenta



Company Overview



Name


Augmenta

Mission


Empowering the construction industry to design buildings more efficiently and at a lower cost, enabling a future of sustainable buildings, cities, and infrastructure.

Founders


Founded by pioneers of Generative Design (specific individuals are not named).

Key People


  • Francesco Iorio: CEO

  • Aaron Szymanski: CPO

  • Anastasia Chodarcewicz: VP Finance & Operations

  • Matthew Hernandez: VP of Sales

  • Tasso Karkanis: VP of Engineering


Headquarters


No information is available.

Number of Employees


No information is available.

Revenue


No information is available.

Notability


Augmenta is known for automating the sustainable design of buildings using generative AI to reduce time, cost, waste, and uncertainty in construction projects.

Products



Augmenta Construction Platform


  • High Level Description: A fully automated building design platform in the cloud, built around Generative AI to create cost, labor, time, and energy-efficient designs that are code compliant, error-free, and constructible.

  • Key Features:

  • Automated, precise estimates

  • Fully detailed, coordinated, and optimized designs

  • Cloud-native and collaborative platform


Electrical System Design


  • Description: Automated design of electrical raceway systems for engineers and contractors, allowing precise estimates and fully detailed, constructible, and code-compliant designs in hours instead of weeks.

  • Key Features:

  • Accelerates estimation and design processes

  • Reduces risk, construction time, cost, and waste

  • Enables exploration of multiple design alternatives


Plumbing


  • Description: Coming soon (No detailed description available).


Mechanical


  • Description: Coming soon (No detailed description available).


Structural


  • Description: Coming soon (No detailed description available).


Automated Prefab


  • Description: Coming soon (No detailed description available).


Recent Developments



New Products Launched


  • No new specific products identified.


New Features Added to Existing Products


  • Introduction of an automated electrical module on the Augmenta Construction Platform.

  • Upcoming features in the pipeline include plumbing, mechanical, structural, and automated prefab modules.


New Partnerships


  • Partners and Lead Investors:

  • BDC Venture Capital

  • Eclipse Ventures (Lead investor)

  • Ferguson Ventures

  • Hazelview (Lead investor)

  • Suffolk Technologies

  • Whiteshell Group


Key Recognitions and Events


  • Jul 2023: Recognized by CB Insights as one of the top 335 startups in the world, and among the top 6 in the building design category.

  • Jun 2023: Raised $11.75 million in a seed extension round.

  • MVP Events:

  • nxtBld on June 25, 2024

  • AI Excellence in Construction Virtual Summit on July 17, 2024

  • ConTech24 on August 13-14, 2024

  • BuiltWorlds 2024 Toronto Summit on September 10-12, 2024

  • NECA Show from September 28 - October 20, 2024

  • IEC SPARK 2024 on October 14-16, 2024


Selected Media Coverage


  • Fortune: "AI is about to change the homebuilding process, from start to finish" (Mar 2024)

  • Forbes: "Sustainability From The Ground Up: Designing Eco-Friendly Buildings With AI" (Jan 2024)

  • San Francisco Chronicle: "AI can now design buildings. Could it solve the Bay Area housing crisis?" (Nov 2023)

  • BlueBeam Blog: "Is Construction Ready for Generative AI?" (Jul 2023)


Conclusion


Augmenta is pioneering the adoption of generative AI in the construction industry, focusing on eliminating inefficiencies and promoting sustainable building practices. Their foundational product, the Augmenta Construction Platform, is enhanced by various upcoming modules tailored to specific construction requirements.

Contact Augmenta for further inquiries or investment opportunities.




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