Botbuilt

BYTES OF TOMORROW

Hey there,

I did mention in my previous newsletter that I won’t be posting this week, but this week’s startup is too good, and I didn’t want to delay any further :)

Lets get to it!

You’re about to construct a house. Are you trusting a human or a robot to get the job done?

TL;DR

1. BotBuilt's Innovation: Using cost-effective robotics, BotBuilt automates home framing, aiming for efficiency and cost reduction in construction.

2. Focused Approach: The startup targets framing components, offering design flexibility and potentially speeding up homebuilding processes.

3. Affordable Operation: With a cost of around $1 per hour, BotBuilt's system tackles the expensive labor aspect of framing, streamlining construction timelines.

4. Industry Impact: BotBuilt's automation addresses housing shortages by providing affordable and high-quality robotic labor for framing, impacting overall construction efficiency.

5. Funding Boost: Securing $12.4 million in seed funding, including Y Combinator's support, BotBuilt plans to scale operations and meet the demand for its innovative robotic framing solutions.

The Byte

You're not going to believe what's happening in the homebuilding industry.

It's wild. And it's all thanks to robots.

I'm not talking about a futuristic, sci-fi movie plot.

Nope, it's happening right now. And it's changing everything.

Meet BotBuilt.

A startup determined to make homebuilding cheaper and more efficient.

How? By using robots, of course.

The genius minds behind BotBuilt (Brent Wadas, Colin Devine, and Barrett Ames) are leveraging tech to revolutionise the homebuilding process.

They've created a robotic system that can take a building plan, translate it into machine commands, and BOOM! The house starts taking shape.

Their secret weapon? Framing.

One of the most time-consuming and costliest parts of homebuilding.

BotBuilt's robots piece together panels for walls, floor trusses, and roof trusses.

The cost? A measly $1 per hour to run.

Time taken? Much less than traditional methods.

Framing a house typically costs between $7 to $16 per square foot and takes about a month.

With BotBuilt, we're talking about slashing those numbers.

And get this: they're not selling the frame-building system.

They operate robot-equipped factories to produce framing for homebuilding customers.

Currently, they've built nine homes and made around $75,000.

But hold on to your hats, because they're just getting started.

By 2024, they plan to ship trusses built by their robots and scale their operations.

Their pipeline? Over 2000 homes and apartment units.

The funding? A cool $12.4 million seed round.

The valuation? A solid $35 million post-money.

So forget about traditional homebuilding.

Embrace the future. Embrace the robots.

BotBuilt is here to stay.

Careers

BotBuilt is hiring across engineering, robotics (hardware and software). Please check out their careers page if you’re interested in transforming the construction industry!

Hope you loved this week’s newsletter!

Signing off,

FG