Toggle is a New York-based construction technology company specializing in automating the pre-assembly of rebar for construction projects. Founded in 2016, Toggle's mission is to enhance safety, productivity, and precision in the rebar assembly process through the integration of industrial robotics and automation. The company focuses on serving sectors such as renewable energy, urban high-rise buildings, and infrastructure projects, aiming to redefine the fundamental building blocks of urban infrastructure and sustainable development.
Toggle's strategic focus centers on leveraging robotics and automation to streamline the rebar assembly process. By integrating hardware, software, and services, the company offers a comprehensive solution that reduces onsite costs, complexity, and hazards while accelerating construction timelines. Toggle's core product is a robotic system for off-site pre-assembling of rebar, which is then delivered to construction sites ready for installation. This approach addresses challenges such as increasing construction complexity, rising skilled labor costs, and worker safety concerns.
In June 2021, Toggle raised an $8 million Series A funding round led by Tribeca Venture Partners, with participation from Blackhorn Ventures, Point72 Ventures, New York State, and Twenty Seven Ventures. This followed a $3 million seed round in late 2019, bringing the total funds raised to $11 million. The capital is intended to expand production capabilities, increase headcount, and upgrade to a new 50,000 square foot facility to meet growing demand.
Toggle's technological platform comprises three main components:
- Toggle OS: Transforms construction drawings into automated manufacturing programs and manages orders efficiently.
- Weaver Workcell: Integrates industrial robots, proprietary hardware, and an operator interface within a safety perimeter.
- Factory On-Demand: Allows for the deployment of Weaver Workcells and trained personnel in Toggle-owned or customer-managed facilities.
This full-stack approach enables Toggle to deliver steel reinforcing products at lower costs and faster speeds, significantly reducing rebar assembly time by up to 90% for renewable energy and infrastructure projects.
Toggle's leadership team includes:
- Daniel Blank, Co-founder and CEO
- Ian Cohen, Co-founder and CTO
Both bring extensive experience in construction technology and automation, driving the company's mission to transform the construction industry through innovative solutions.
In January 2023, Toggle announced a strategic partnership with Tokyu Construction, a publicly traded Japanese civil engineering and construction firm. Facilitated through an investment via Japanese VC Global Brain, this partnership aims to explore potential applications for Toggle's robotics technology in Japan and other international markets.
Toggle operates in the construction robotics sector, which is experiencing significant growth due to increasing demand for automation and efficiency in construction processes. The market is characterized by rapid technological advancements and a focus on sustainable building practices.
Key competitors include:
- Advanced Construction Robotics: Develops robotic solutions for construction automation.
- Canvas: Specializes in drywall finishing robotic platforms.
- United Robotics Group: Provides service robots for various industries.
These companies focus on different aspects of construction automation, contributing to a dynamic and competitive landscape.
Toggle's strategic collaborations, such as the partnership with Tokyu Construction, strengthen its market position and innovation capacity. By aligning with established industry players, Toggle enhances its capabilities and expands its reach into new markets.
Toggle's operational strategy focuses on delivering pre-assembled rebar solutions that reduce onsite labor requirements and construction timelines. By leveraging automation, the company offers a distinct competitive advantage in terms of cost savings, efficiency, and safety improvements.
Looking ahead, Toggle aims to expand its technological offerings and market presence. The company's strengths in automation and robotics position it well to capitalize on the growing demand for efficient and sustainable construction solutions.
For more information, visit Toggle's official website at toggle.is.
