Monumental, the Amsterdam-based construction technology company developing autonomous robotics and software for the building industry, has raised $32 million in a Series B funding round led by Khosla Ventures, with participation from existing investors Plural and Hummingbird Ventures.
Rather than selling robots directly, Monumental provides a construction service in which contractors pay for completed walls instead of purchasing and operating equipment. The outcome-based model removes the financial and operational complexity of adopting robotics while allowing builders to increase capacity without expanding their workforce.
Salar al Khafaji, co-founder and CEO of Monumental, said, “Global construction industry lacks the workforce needed to meet rising demand and that increasing capacity requires practical automation rather than experimental. Every robot we deploy expands the industry’s capacity to build, bringing a future of beautiful, affordable, bespoke buildings and infrastructure closer to reality technology.”
The funding will support the company’s next phase of growth by expanding its team of hardware and software engineers, increasing the deployment of its robotic fleet across Europe and the UK, strengthening its UK operations, broadening the range of construction tasks its robots can perform, and supporting its planned expansion into the US.
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