Diamond Age

Diamond Age

Automates home construction using robotics and AI

About Diamond Age

Simplify's Rating
Why Diamond Age is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Industrial & Manufacturing

Consumer Goods

Company Size

11-50

Company Stage

Series A

Total Funding

$56.4M

Headquarters

Pleasanton, California

Founded

2018

Overview

Diamond Age addresses the housing shortage in America by automating the construction process using robotics and artificial intelligence. Their main product, the Mobile Automated Construction Engine, acts as a portable assembly line that can automate a significant portion of construction labor, currently at 27% with a goal of reaching 55% by 2024. This technology allows for faster and more cost-effective home building, making home ownership more accessible. Unlike traditional construction methods, Diamond Age's homes are designed to be 30% more efficient and meet high safety standards for natural disasters. The company's goal is to provide affordable, efficient, and resilient housing solutions, setting them apart from competitors in the construction sector.

📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Raised $50M in Series A funding, boosting growth potential.
  • Recognized for innovation in construction at the 2023 Best of Proptech awards.
  • Increased demand for affordable housing expands market reach.

What critics are saying

  • Competition from companies like ICON in construction automation.
  • Potential over-reliance on venture capital funding for financial stability.
  • Rapid tech advancements could render current systems obsolete without innovation.

What makes Diamond Age unique

  • Diamond Age automates 27% of construction labor, aiming for 55% by 2024.
  • Their homes exceed Seismic B earthquake and Category 5 hurricane codes.
  • Mobile Automated Construction Engines make home building 30% more efficient.

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Funding

Total Funding

$56.4M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$50M
Diamond Age
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

↑ 18%

1 year growth

↑ 18%

2 year growth

↑ 23%
PRWeb
Nov 8th, 2023
Inman Announces Winners Of The 2023 Best Of Proptech Awards

"Technology and change have always been a core part of the Inman DNA, and they are the core of what drives the proptech ecosystem too," said Inman CEO Emily Paquette. "We're thrilled to be recognizing the key players in that ecosystem with our first-ever Best of Proptech awards." Post this"Technology and change have always been a core part of the Inman DNA, and they are the core of what drives the proptech ecosystem too," said Inman CEO Emily Paquette. "We're thrilled to be recognizing the key players in that ecosystem with our first-ever Best of Proptech awards."Chosen by Inman's editorial team, the Best of Proptech honorees were selected in four categories – Alternative Financing, Entrepreneurs, Innovation in Construction, and Venture Capital – and include:Alternative FinancingEntrepreneursDemi Horvat , AirDNA, AirDNA Malte Kramer, Luxury PresenceDrew Uher, HomeLightInnovation in ConstructionJason Ballard, ICONDeborah Casper, Connect HomesJack Oslan, DiamondAgeVenture CapitalPete Flint, NFXAlex Rampell, A16ZBrendan Wallace, Fifth WallView the complete list of 2023 Best of Proptech award recipients here.Questions about Inman's real estate awards programs can be directed to [email protected].About Inman AwardsInman Awards recognizes outstanding accomplishments across the residential real estate industry with six distinctive categories. Each award shines a spotlight on the most deserving companies and individuals in the real estate industry, as well as in specialties including mortgage and finance, marketing, proptech, and AI.About InmanInman is the leading news source for real estate agents, brokers, executives and technology leaders who gain useful advice on the industry's top stories, trends and developments that help them grow their businesses and stay ahead of the competition. With an audience of over one million professionals, Inman's pages and stages are where the industry goes to find the most innovative ideas and new business models, through our website, newsletters, events, awards, education, research, and subscriptions.Follow Inman on Facebook, X, Instagram and LinkedIn.Media Contact:[email protected]Media ContactMedia Contact, Inman, 1 510-658-9252, [email protected], https://www.inman.com/SOURCE Inman

AV VC
Aug 19th, 2022
One of the Most Active Venture Firms in the US - Alumni Ventures

Our venture capital portfolio is fueled by our network: a community of experts, innovators, and investors who come together to build great companies.

Finsmes
Mar 10th, 2022
Diamond Age Raises $50M In Series A Funding

Diamond Age, a Phoenix, AZ-based full-stack robotics startup that is automating new home construction, raised a $50m in Series A funding. The round was led by Prime Movers Lab with participation from existing investors Alpaca VC, Dolby Family Ventures, Timber Grove Ventures, and Gaingels, which were joined by Signia Venture Partners. Additionally, 20% of the round was [] The post Diamond Age Raises $50M in Series A Funding appeared first on FinSMEs.

PitchBook
Aug 20th, 2021
Calm Ventures invests into Diamond Age in $8M

Diamond Age has raised an $8 million seed round led by Prime Movers Lab and Alpaca VC, with participation from Dolby Family Ventures and Calm Ventures, among others.

VC News Daily
Aug 19th, 2021
Diamond Age Raises $8M Seed Funding Round

PLEASANTON, CA, Diamond Age raised an $8 million seed round led by Prime Movers Lab and Alpaca VC.

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