Montreal’s own Mechasys has announced a SAFE investment of $700,000 US this week. The funding was led by New Stack Ventures with participation from SOSV. This funding will be used to propel the company through the final phase of its product development and eventually, to launch by the end of 2020.
Their new product, FramR, enables builders and contractors to do their on-site up to layout 5 times faster, while eliminating the risk of human error. During construction of a building, the positioning of materials is critical and complex. Before installing walls, plumbing or tiles, builders must visualize the environment and trace their layout on the concrete slab. This tracing step is carried out using the construction plan, a measuring tape, and chalk lines. “FramR”, puts an end to this tedious and costly process.
“The ability to track progress, modify construction drawings and share changes in real time is a game changer. We’re very happy to be partnered with these two investors heading into the next phase of our growth” said William St-Pierre, CEO at Mechasys. “These partners will help ensure that our company is built to scale rapidly once our product hits the market. With their help, we move closer to our objective of helping contractors solve their problems.”