Hummingbird
Assembly Line
Amsterdam-based Monumental exits stealth mode with €23.2M funding; plans to automate on-site construction with robotics and software
Monumental, a robotic startup that aims to solve labour, cost, and sustainability challenges in the global construction industry, announced on Thursday that it has emerged from two-and-half years of operating in stealth mode. The company also announced the raising of a $25M (approximately €23.2M) funding round co-led by Plural and Hummingbird. Other investors, including Northzone, Foundamental, and NP-Hard Ventures, participated in the round.
The Dutch company will use the funds to grow its team of hardware and software engineers, scale the number of robots it can deploy on sites across Europe, and increase the types of blocks and construction tasks the robots can manage.