Apis Cor raises $35M to disrupt the home construction industry

Apis Cor, a construction tech startup that uses 3D printing and robotics machinery to produce buildings, today announced raising a $35 million fundraise led by Rialto Markets, according to a press release shared with FinLedger.

The company says it will use the funding to expand its workforce, fleet of printers and bulk trucks, and to establish multiple 3D printing material batching plants. It also said it plans to utilize the capital for ongoing product improvement and development.

“Following our extensive R&D, market validation, and proven track record of landmark projects, we are now ready to go to the next stage; scaling and growth,” said Anna Cheniuntai, Apis Cor founder and CEO.

Founded in 2014, Apis Cor currently holds the Guinness World Record for largest 3D printed building after teaming up with the Dubai Municipality to create the world’s first 3D printed home.