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Diamond Age

Diamond Age

Automates home construction using robotics and AI

About

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 plans to increase to 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.

Company Stage

Series A

Employees

51-200

Industries

Industrial & Manufacturing, Consumer Goods

Total Funding

$58.1M

Headquarters

N/A

Founded

2018


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Simplify's Take

What believers are saying

  • Diamond Age's recent $50M Series A funding round, led by Prime Movers Lab, provides substantial financial backing for scaling operations and technological advancements.
  • Recognition in the 2023 Best of Proptech awards for Innovation in Construction highlights the company's industry leadership and innovative approach.
  • The potential to automate over half of the construction process by 2024 could drastically reduce labor costs and construction times, making home ownership more accessible.

What critics are saying

  • The ambitious goal to automate 55% of construction labor by 2024 may face technological and operational challenges, potentially delaying timelines.
  • The construction industry is highly regulated, and navigating these regulations while implementing new technologies could pose significant hurdles.

What makes Diamond Age unique

  • Diamond Age leverages advanced robotics and AI to automate 27% of construction labor, aiming for 55% by 2024, which is a significant leap in efficiency compared to traditional construction methods.
  • Their Mobile Automated Construction Engines offer a portable, scalable solution that can be deployed to various construction sites, unlike fixed-location manufacturing facilities.
  • The company's focus on building homes that exceed Seismic B earthquake and Category 5 hurricane codes sets them apart in terms of resilience and sustainability.

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Growth & Insights
Headcount

6 month growth

-11%

1 year growth

-17%

2 year growth

68%

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