Rebar-tying Robot Attracts Shark Tank Investor, $3M in Funding
Post date
October 28, 2019
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By Jenn Goodman, Construction Dive
New York City-based construction startup Toggle, maker of a robotic production process that fabricates and assembles steel rebar, has raised $3 million in seed funding.
Point72 Ventures’ AI Group led the round of financing, which was also joined by "Shark Tank" personality Mark Cuban and Twenty Seven Ventures. Cuban called the system "a game changer for the construction industry." Though the system is designed to mitigate the labor shortage, Cuban also noted that it would help create jobs.
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