Diamond Age: Raises $50M in Series A Funding

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
• Additionally, 20% of the round was made up of production home builders and land developers
• The company intends to use the funds to continue scaling its robotics platform and execute on its first commercial contract to build homes
• DiamondAge is automating new home construction for the production housing industry
• DiamondAge delivered its first scaled version of its system as well as a full scale 3-bed, 2-bath house in 11 months – 4 months ahead of schedule