Agorus
Software driven, automated technology company, changing the way the world builds.
| Date | Investors | Amount | Round |
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| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
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| investor investor investor investor investor investor | €0.0 | round | |
* | $20.0m | Series A | |
| Total Funding | 000k | ||
Agorus operates within the construction technology sector, focusing on accelerating the homebuilding process to address the U.S. housing shortage. The company was co-founded in 2018 by Garrett Moore and Kyle Tompane. Moore, serving as CEO, brings a background as a former U.S. Navy SEAL officer, where he managed multi-million dollar construction projects for the military. This experience provided him with firsthand knowledge of the inefficiencies and complexities of traditional construction, which directly informed the company's mission. Tompane, the company's COO, also has a background as a former U.S. Navy SEAL, contributing to the team's operational and leadership discipline.
The firm targets residential homebuilders, aiming to reduce the construction timeline from a conventional 90 days to just 11. Agorus accomplishes this by leveraging a proprietary software platform and custom robotics to pre-fabricate key structural components, such as wall panels and roof trusses, off-site in their factory. This manufacturing process allows for greater precision and significantly reduces material waste. The completed components are then transported to the construction site for rapid assembly. This business model shifts much of the construction process into a controlled factory environment, mitigating risks associated with weather delays and on-site labor shortages.
The core offering is a construction platform that integrates software and automation. The process begins with the digitization of an architect's plans into the Agorus software. The system then optimizes the design for manufacturing and generates precise instructions for the robotic assembly line. This approach not only speeds up the framing process but also enhances the structural integrity and efficiency of the final building. By optimizing material usage and minimizing on-site labor requirements, the company aims to make custom homebuilding more accessible and cost-effective.
Keywords: construction technology, residential construction, pre-fabrication, off-site manufacturing, homebuilding, robotics, construction software, proptech, panelized construction, building components