Intelligent City adds $17 million in funding

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Housing designer and developer Intelligent City, founded in 2008, announced additional funding of $17 million in a Series A round to expand its work using robotics, automation and prefabricated urban construction solid wood. With $6 million previously raised, the total to date is $23 million.

“Intelligent City will use the funding to scale its operations, commercialize its Platforms for Life (P4L) building solution, expand factory automation and expand its footprint across and beyond Canada,” the company said in its statement. communicated. “Earlier this year, the company completed testing of its building systems and is now verified to operate under the new mass timber tower building codes in Canada and the United States.”

Major investors include the cleantech practice of BDC Capital, Greensoil PropTech Ventures, UIT Growth Equity GP and Fulmer & Company. There has also been participation from “government programs and accelerators such as Natural Resources Canada’s (NRCan’s) Investments in Forest Industry Transformation (ITIF) program, Sustainable Development Technology Canada’s (SDTC) Seed Fund and the Next Generation Manufacturing (NGen ) Manufacturing Project Funding Supercluster.

The business model is an interesting set of technologies. For starters, there’s the use of mass timber construction, which uses laminated timber and timber “to produce timber panels and beams, which can replace concrete, steel and masonry as construction materials. construction”, as explained by american university. The approach is less expensive, less energy-consuming, faster and more resistant to certain types of natural disasters such as earthquakes.

Parametric software systems manage factory design and production. The parametric part, in general software parlance, would mean that designers can provide the desired dimensions, and then the design changes appropriately to support the desired result. This speeds up the design process, and the software can also “run hundreds of iterations to find the optimal balance between regulation, design intent, and cost.”

“Intelligent City’s end-to-end product-based approach uses proprietary parametric software for design, construction cost estimation, carbon footprint confirmation, material quantification, and precision manufacturing. “, explains the company.

The third step is production. Prefabrication should save time on site. Robots and automation in the factory speed up the construction of components sent for assembly. The approach reduces the need for skilled labor, meeting the challenge of developers and construction companies to get enough help to keep projects on schedule. The software generates construction documentation and manufacturing instructions.

“[T]he company’s innovative manufacturing technology brings automation to the prefabrication of building components,” says Intelligent City. “As a result, the company is providing data on the building’s life cycle and performance before construction even begins.”

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