Branch Technology, a Chattanooga-based 3D printing and construction technology startup, announced this week that it has raised a new $11 million funding round.
The round, led by EquipmentShare, brings the company’s overall funding to $22 million to date. Additional support came from Brick & Mortar Ventures, Chattanooga Renaissance Fund, and other previous investors.
When Hypepotamus connected with Branch Technology’s CEO Platt Boyd back in spring 2019, he said the company “draws inspiration from the way that nature creates form and structure and stands to revolutionize the construction industry through unprecedented design freedom and resource stewardship.”
Branch Technology’s 3D printing process, Cellular Fabrication (C-Fab®), allows for material to solidify in open space. This polymer matrix helps move beyond dimensional restrictions or support structures of standard design while using 20% less material than traditional construction methods.
Projects that have used Branch Technology have included the University of West Florida Art Pavilion, the Durham Public Library, and several other unique structures listed here.
John McCabe, Director of Brand and Communications at Branch Technology, told Hypepotamus that while COVID did put a few projects on hold for the company, it overall helped drive unique trends in the construction space.
“We have seen a lot of interest in retrofitting existing buildings as a way to quickly compete in the changing WFH real estate market,” McCabe told Hypepotamus. Additionally, “based on our daily conversations with the industry, the global construction market is extremely hungry for additive manufacturing solutions that solve real-world problems.”
Branch Technology is set to use the new funds to continue to grow its product line and ultimately scale its robotic production fleet.