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News & Press: Industry News

Tech Construction Company Gets Funding – Another Uses 3-D Printing

Tuesday, February 20, 2018  
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California start-up Katerra Inc. received over $800 million in funding from SoftBank Group and other investors. Katerra, based in Menlo Park, bills itself as a tech company and puts all the design and production for construction projects under one system. Katerra builds prefabricated building components while using in-house design and production methods. The company already has 1,300 employees according to the Wall Street Journal. Katerra has raised over $1 billion in funding since its founding in 2015.

An unrelated company, Apis-Cor, is a startup that is beginning to use 3-D printing to construct modular homes. With a motto of “we print homes,” the 3D printer is a mobile robot capable of constructing buildings using fine-grained fibre concrete with special additives. It can build walls of up to three story buildings. The goal of the technology is to lower construction costs and the time of construction.

Rising construction costs are beginning to drive innovation in the housing sector. While traditional construction techniques may not be replaced any time soon, a global market offers opportunities to test new products and procedures.

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