SAN FRANCISCO, CA, Canvas announced it has raised a $24 million Series B led by Menlo Ventures.
Canvas, a construction robotics startup building the future in bold new ways, announced it has raised a $24 million Series B led by Menlo Ventures. The financing included strategic investment by construction industry leader Suffolk Construction with participation from Alumni Ventures Group and existing investors Innovation Endeavors, Brick & Mortar Ventures, Obvious Ventures, and Grit Labs. Canvas plans to use the funds to accelerate its ability to transform construction work by bringing robotics into the built environment, starting with drywall finishing.
Canvas is a construction robotics startup whose mission is to enable people to build in bold new ways. The Canvas system provides a flexible approach to drywall finishing, combining the skills and expertise of trained union workers with technology that together enable Canvas to consistently deliver Level 5+ finishes; unlock unprecedented control over schedules by reducing typical finishing times from 7 to 2 days; and provide better working conditions for all.
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