Construction robotics startup Toggle gets $3M seed fund
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Construction robotics startup Toggle gets $3M seed fund
Courtesy TechCrunch: Click here to read the full news
Toggle, a Brooklyn-based robotics startup, announced today that it scored $3 million in seed funding. The early-stage round was led by Point72 Ventures’ AI Group, with participation from Mark Cuban and VC Twenty Seven Ventures. The series follows a 2018 pre-seed round of $570,000 from its Urban-X accelerator, Urban Us, Accelerate NY / Empire State Development and Perl Street Capital.
The 15-person startup creates robotics that fabricates and assemble rebar. It’s designed to work in tandem with existing robotics and steel fabrication technologies, while speeding up the process up to 5 times, by the company’s count.
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