Augmenta Advances AI in Building Design with $14.4M CAD Funding Boost

Deal News | Mar 12, 2025 | Prelude Ventures LLC

Augmenta Advances AI in Building Design with $14.4M CAD Funding Boost

Toronto-based construction technology startup Augmenta has secured an additional $10 million USD ($14.4 million CAD) in seed funding to enhance its AI-driven building design software. This funding round, led by Prelude Ventures and supported by Montage Ventures, raises Augmenta's total funding to nearly $37 million CAD. Originating from former Autodesk employees, Augmenta aims to revolutionize building design by automating electrical system design and expanding its capabilities to mechanical and plumbing systems. Their platform promises cost-effectiveness, sustainability, and time-saving advantages. The recent investment will bolster Augmenta's efforts to reach a larger Series A round by refining their software and expanding their workforce.

Sectors

  • Construction Technology
  • Artificial Intelligence
  • Venture Capital

Geography

  • Canada – Augmenta is based in Toronto, Canada, which serves as the headquarters and primary location of their operations.
  • United States – The funding includes investors from Silicon Valley, and Augmenta's first tech application was in a Michigan school, indicating U.S. involvement.

Industry

  • Construction Technology – The article centers on Augmenta, a company that utilizes technology to innovate building design processes in the construction industry.
  • Artificial Intelligence – Augmenta leverages AI to automate building design, particularly focusing on electrical systems, which represents the core of their technological innovation.
  • Venture Capital – The article details a seed funding round led by venture capital firms, highlighting the investment and financial aspects within this sector.

Financials

  • $10 million USD ($14.4 million CAD) – The amount raised by Augmenta in its recent seed funding round.
  • $37 million CAD – The total funding Augmenta has secured to date.

Participants

NameRoleTypeDescription
AugmentaTarget companyCompanyA Toronto-based startup focusing on AI-driven technology to advance the building design process.
Prelude Ventures LLCLead investor in funding roundCompanyA venture capital firm that led Augmenta's recent $14.4 million CAD seed funding round.
Montage VenturesSupporting investorCompanyA Silicon Valley-based investor that supported the funding round for Augmenta.
Francesco IorioCo-founder and CEOPersonCEO of Augmenta, leading the company towards expanding its AI-driven building design capabilities.