2024-11-21T13:37:07-05:00 https://archinect.com/news/article/150272073/automated-rebar-prefabrication-startup-raises-8-million-in-series-a-funding Nathaniel Bahadursingh 2021-07-01T18:38:00-04:00 >2024-10-25T04:07:38-04:00 <img src="https://archinect.gumlet.io/uploads/6c/6c16dacaef2ef64d8e556b542af2f3b6.jpeg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>A New York-based construction <a href="https://archinect.com/news/tag/346744/robotics" target="_blank">robotics</a>&nbsp;startup that makes <a href="https://archinect.com/news/tag/6317/prefab" target="_blank">prefabricated</a> rebar cages for concrete structures has announced that it has secured $8 million in a Series A funding round.&nbsp;</p> <p>The round was led by Tribeca Venture Partners and featured Blackhorn Ventures, Point72 Ventures, New York State, and Twenty Seven Ventures. This follows a $3 million seed round raised in late 2019.&nbsp;</p> <p>The company, <a href="https://www.toggle.is/" target="_blank">Toggle</a>, was founded in 2016 by Daniel Blank and Ian Cohen. Toggle automates the rebar assembly process, combining its software with industrial robots and heavy material handling equipment. This allows the company to produce building materials in a safer, more productive, and more precise manner, thus able to deliver them at a lower cost and faster speed.&nbsp;</p> <p>"At a time when global construction is accelerating at an unprecedented pace, Toggle offers a way to add capacity while saving time and cost on some of the largest types of projects,"&nbsp;said Toggle CEO, Daniel Blank. "We are especially grateful f...</p>