Rugged Robotics, a Houston-based developer of construction technology, raised $9.4 million in Series A funding. Similar to Dusty Robotics, Rugged offers a robot to automate construction layout. Rugged’s Mark I marks architectural and engineering designs directly onto concrete floors so workers know where to build. The robot is available for commercial use, which the company delivers via layout as a service (a derivative of Robots as a Service). — The Robot Report
The funding round was led by BOLD Capital Partners and Brick & Mortar Ventures, along with Riot Ventures, Morpheus, Embark, Consigli Construction Company, and Suffolk Technologies. This latest capitalization round brings the company’s full funding to around $12 million. Rugged Robotics plans to use the investment to accelerate the robot’s deployment, expand its product offering, and make additional hires.
Rugged Robotics was founded in 2018 by Derrick Morse and Logan Farrell, a NASA engineer. In 2019, the company raised $2.5 million by way of a seed funding round.
2 Comments
Technology can be great and do good for the benefit of man and earth, but I struggle with this robot (replace man) technology. Why does man make machines to take jobs/employment away from man? Man needs to be gainfully employed in work to have a good life to eat, sleep, house and feed himself comfortably. Yet, he continues to create inanimate things/objects that take that ability to be gainfully employed away. What am I missing here?
Man ain't meant to work
Come on build a machine!
So we can sleep and make love deeper
Later we can dance and we can drink!
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