Fundraising Fox

Promise Robotics

Toronto, CA · Founded 2021 · 47 employees on LinkedIn · 9 known investors

Find your way into Promise Robotics

332 people in our graph share verified history with the Promise Robotics team — schools, employers, funds. One of them is your warm intro.

Laura Buhlerunlockedknows Ramtin Attar · together at C100 (overlapped)
×4knows the team · via Autodesk
×5knows the team · via C100
knows the team · via MIT Sloan School of Management
knows the team · via Ryerson University

Promise Robotics builds robotic automation and AI-optimized workflows for residential homebuilding, offering a Factory-as-a-Service platform that spans digital design, robotic production, and on-site logistics. It serves homebuilders looking to scale production and address labor shortages, with a stated focus on the Canadian construction market.

Construction TechPropTechRobotics

Founders & leadership

Promise Robotics was founded in 2021 by Ramtin Attar and Reza Nasseri.

RARamtin Attar
Ramtin AttarinCo-Founder & CEORamtin Attar spent over 15 years in cross-industry roles leading research and development, multi-disciplinary teams, and innovation initiatives at a Fortune technology company, with expertise spanning real estate, construction, advanced manufacturing, and emerging technologies including AI, IoT, automation, and digital fabrication. He is co-founder and CEO of Promise Robotics.
RN
Reza NasseriCo-Founder & Chief Innovation Officer

Investors · 9

Alate PartnersToronto
Horizons VenturesHong Kong · $1M – $110M
MaRS Investment Accelerator Fund (IAF)Toronto
Radical VenturesToronto · $1M – $25M
Relay VenturesToronto · $500K – $10M

Also in the syndicate · 4

PSP InvestmentsPublic Sector Pension Investment BoardPublic Sector Pension Investment Board (PSP Investments)United Brotherhood of Carpenters

Funding

SEC filings, press & company announcements

$15M disclosed across 1 round · 2023

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Construction automation: Promise Robotics raises $15 million Series A fundingroboticsandautomationnews.com · Nov 2023Promise Robotics brings in $15M to bring automation to homebuilding - The Robot Reporttherobotreport.com · Nov 2023Promise Robotics Raises Series A Funding to Automate Home Production as a Service - Robotics 24/7robotics247.com · Oct 2023Promise Robotics nets $20.8-million CAD Series A to speed up home building with robotsbetakit.com · Oct 2023Promise Robotics Raises USD$15 Million Series A to Enable the Homebuilding Industry to Close the Housing Gap at Scaleprnewswire.com · Oct 2023Promise Robotics Raises USD$15M in Series A Fundingfinsmes.com · Oct 2023

Frequently asked questions

What does Promise Robotics do?
Promise Robotics builds robotic automation and AI-optimized workflows for residential homebuilding, offering a Factory-as-a-Service platform that spans digital design, robotic production, and on-site logistics. It serves homebuilders looking to scale production and address labor shortages, with a stated focus on the Canadian construction market.
Who founded Promise Robotics?
Promise Robotics was founded by Ramtin Attar, Reza Nasseri in 2021.
Who are Promise Robotics's investors?
Promise Robotics's investors include Alate Partners, Horizons Ventures, MaRS Investment Accelerator Fund (IAF), Radical Ventures, Relay Ventures.
How much funding has Promise Robotics raised?
Promise Robotics has disclosed $15M raised across 1 round.
Where is Promise Robotics headquartered?
Promise Robotics is headquartered in Toronto, CA.