San Diego construction tech startup lands $6.5 million to digitize and automate home building

7/1/2022 4:13:00 AM

San Diego construction tech startup lands $6.5 million to digitize and automate home building

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San Diego construction tech startup lands $6.5 million to digitize and automate home building

Founded by former Navy SEALs, AGORUS has developed software aimed at bringing homes to market faster

PrintSan Diego’s AGORUS, a construction tech startup that’s developed software to digitize and automate home building, said Thursday that it has raised $6.5 million in a seed round of venture capital funding.Co-founded in 2018 by former Navy SEALs Kyle Tompane and Garrett Moore, AGORUS’s software enables precision, off-site manufacturing of homes, apartments and granny flats in an automated assembly line. Construction teams then install the panels on the job site in days rather than months.

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Copied! Print San Diego’s AGORUS, a construction tech startup that’s developed software to digitize and automate home building, said Thursday that it has raised $6.Email SAN DIEGO (KABC) -- Mystery solved.Part of the increase will go toward hiring more county employees, wildfire reduction efforts and park or community center projects..

5 million in a seed round of venture capital funding. Co-founded in 2018 by former Navy SEALs Kyle Tompane and Garrett Moore, AGORUS’s software enables precision, off-site manufacturing of homes, apartments and granny flats in an automated assembly line. The U. Construction teams then install the panels on the job site in days rather than months. Helen Robbins-Meyer, county administrative officer, said county staff has spent last six months putting together"what I think is our best budget ever. AGORUS operates a manufacturing facility in El Cajon and employs about 60 workers. Coast Guard said the lights were flares fired from a ship off the coast of San Diego. For now, the company is focused on producing framed, weather wrapped and insulated panels — the shell of the home.

But eventually, the company expects to include things like plumbing, electrical and other features in its panels, which would be trucked to subdivisions and pieced together.m." According to Fletcher's office, budget highlights include: — an additional $71. “The big picture thing we are trying to do here is increase the speed and ease in which houses can get into the American supply, and our view is the way to do that is to reduce the complexity to build,” said Moore, chief executive of AGORUS. “Our vision statement as a company is homes in 30 days — permits to keys — everywhere we build. Eyewitness photos captured the then-mysterious phenomena over the ocean, and videos of the lights were all over social media.” Advertisement Modular home construction isn’t new.2 million to protect communities and reduce wildfire risk in unincorporated areas through roadside vegetation management and fire breaks; — 100 new positions for Child Welfare Services to support placements for children in care, improve prevention services and connect families to community-based services; — 100 new positions for services including Calfresh and Medi-Cal; — 60 new positions for in-home supportive services for older adults and people who are blind or disabled; and — nearly $60 million for environmental improvements, including $40 million to address stormwater, $16. Plenty of companies offer it across the country. RELATED:.

But it hasn’t become a mainstream technique for large-scale home builders developing subdivisions. That is the market AGORUS hopes to penetrate. In early May, the county released its recommended $7. Its software enables complex architectural designs to be constructed off-site, said Moore. The precision manufacturing reduces waste and cuts energy consumption in homes, he said. One drawback is the technology doesn’t add as much value to homes built on concrete slabs, which are common in Southern California, said Moore." In terms of staffing, the county budget covers four specific groups: public safety (the largest), followed by health and human services, land use and environment, and general government.

But eventually, Moore thinks the technology could make inroads by reducing carrying costs for homebuilders who can get more homes on the market faster, as well as help homebuilders meet sustainability targets. The company has worked on about 100 projects so far — ranging from ADUs (Accessory Dwelling Units) to single-family residences. Its technology is applicable to wood-frame multi-family construction as well up to about four stories. Nora Vargas, board vice chairwoman, said public feedback makes a really big difference, and praised more funding for legal services to low- income households, homeless shelters and improvements to the Tijuana River Valley. The new funding brings the total raised by AGORUS to $10 million. The most recent investment was led by Blackhorn Ventures, followed by Toyota Ventures, Point72 Ventures, Signia Ventures, DivCoWest and Kennedy Wilson, among others.

. It's also important for supervisors to"keep asking tough questions" and demand accountability for county government, including themselves, Vargas said.