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Promise Robotics
Helping the building industry to harness automation towards a more affordable and sustainable built environment
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 dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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) | — |
Growth signals
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.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
PSP InvestmentsRadical Ventures
Sustainable Development Technology Canada
Next Generation Manufacturing Canada (NGen)
Series A4 investors entered at this stage
Horizons Ventures
Relay Ventures
Alate Partners
United Brotherhood of Carpenters
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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