By Construction Tech Review | Friday, December 04, 2020
Falkbuilt raises CAD 20 million in Series A financing led by RET Ventures.
FREMONT, CA: Falkbuilt, a manufacturer of digital construction components and software developer bringing efficiencies to design, manufacturing, and construction, raises CAD 20 million in Series A financing led by RET Ventures, a real estate technology-based venture capital organization. The round has ended with CAD 14 million funded, with the remainder to be based on subsequent operational milestones.
Falkbuilt manufactures digital components that are bringing speed, efficiency, and sustainability to the industry. Echo is utilizing machine learning and big data to exponentially empower industry-standard software in the cloud. This financing is a validation of Falkbuilt ‘s vision and its revolutionary approach to interior construction. Falkbuilt, which serves commerci
al, retail, healthcare, industrial, and education sectors, has seen an incredible market response. Its process, known as Digital Component Construction, precision cuts prefabricated components” super studs, digital horizontals, and cladding in the factory and ships them to job sites for a faster, cleaner and more efficient installation. General contractors, architects, and designers adopt the process, which emulates the stick developed of traditional construction, but without the waste and long construction schedules.
Echo empowers industry-standard software in the cloud, creating untold efficiencies in design, manufacturing, and construction. It gathers and manages all project information and gives the appropriate data to the appropriate industry-standard software, offering a much-needed technology solution for the conventional construction industry. Digital Component Construction needs fewer trades on site, meeting the latest distancing guidelines, and making scheduling seamless. Further, the walls are easily cleaned with industrial-strength disinfectants.
Falkbuilt’s leadership team has a good track record in the interior construction market. The firm’s prefabricated solutions and Echo software offer significant value to stakeholders across architecture, design, and construction. With the exceptional efficiencies it offers and a rapidly growing domestic and international client base, Falkbuilt is poised for success.