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Promise Robotics

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Helping the building industry to harness automation towards a more affordable and sustainable built environment

Toronto, CanadaFounded 2021Robotics
Valuation $50–100M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Promise Robotics and the history behind them.

About Promise Robotics

Promise Robotics is a cutting-edge startup revolutionizing the construction industry through advanced automation and artificial intelligence (AI). The company specializes in creating intelligent, flexible, and compact industrial robotic systems designed specifically for construction. These systems are powered by a proprietary cloud-based software platform that manages the entire production lifecycle—from planning and factory floor operations to scheduling and logistics.

Promise Robotics primarily serves developers, builders, and other professionals in the Architecture, Engineering, and Construction (AEC) sectors. By offering a comprehensive automation lifecycle service, the company allows its partners to focus on expanding their homebuilding businesses without worrying about the complexities of digital manufacturing.

Operating in the construction technology market, Promise Robotics leverages its deep expertise in automated home production to deliver scalable solutions. The company's business model revolves around providing these advanced robotic systems and the accompanying software as a service. This means clients pay for the use of these systems and services, which helps them reduce costs, increase productivity, and achieve sustainability in their building projects.

The company was co-founded by Ramtin Attar, who brings over 16 years of experience in the building industry, and Reza Nasseri, a notable Canadian home builder and philanthropist. Their leadership and vision have positioned Promise Robotics as a promising player in the construction tech space.

Promise Robotics has already made significant strides, completing over 10 million square feet of automated home production. The company has also garnered recognition, being selected as one of the Top 20 Early Startups by the Canadian Innovation Exchange (CIX).

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Toronto, Canada
Employees
47
Open positions
7
Dealroom signal
83.2/100
Industry
Robotics
Sector
Robotics, Hard Tech, DT and LS, science-based
Technology
Artificial Intelligence, Deep Tech
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Oct 2023 $15M $61M Relay Ventures · Radical Ventures · PSP Investments · Alate Partners ↗
GRANT✓Other financing Dec 2021 $0 — Sustainable Development Technology Canada · Next Generation Manufacturing Canada (NGen) —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Promise Robotics website traffic

Latest recorded traffic for Promise Robotics is 5.6K monthly website visits, down 41.7% over the last three months. Promise Robotics's team grew 2.2% over the past year.

Latest monthly visits5.6K 3-month web change-41.7% 1-year team growth+2.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • PSP Investments
  • Radical Ventures
  • Sustainable Development Technology Canada
  • Next Generation Manufacturing Canada (NGen)

Series A4 investors entered at this stage

Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇦 Canada97.4%
🇺🇸 United States2.6%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Promise Robotics on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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