Eclipse, a Palo Alto, Calif.-based venture capital firm, led the round for the software company, which uses generative AI to automate building designs for the construction industry. Hazelview Ventures, BDC Capital’s Deep Tech Venture Fund and Suffolk Technologies also participated. The company has now raised US$15.85 million to date. (The Logic)
Talking point: Augmenta plans to double its team over the next nine months and implement commercial pilots for its electrical system design module, which creates building code-compliant designs of electrical routes for engineers and contractors, it said in a release. CEO Francesco Iorio told The Logic that the company uses machine learning to develop conceptual recommendations and then pairs that with a mathematical system to ensure the final results are correct. This hybrid approach sidesteps the “hallucinations” that generative AI can create and produces “an output that is detailed and guaranteed to be correct,” Iorio said. The company plans to develop plumbing and mechanical modules next.