San Francisco-based Built Technologies announces the acquisition of Roin (pronounced “ROH-IN”) Technologies (Roin Tech). Roin Tech is a three-year-old engineering company that designed and built several robotic concrete finishing solutions including a shotcrete robot and a concrete trowling robot.
According to Built CEO and co-founder Noah Reedy-Campbell, the acquisition is primarily an “acquihire”, that will enable Built to accelerate its current roadmap of automated construction equipment. Roin Tech cofounder and CEO Jim Delaney joins the Built engineering team along with the other engineers from Roin Tech. Financial details on the acquisition were not released.
Solar is hot
Reedy-Campbell said that the solar utility infrastructure market is one of the hottest segments of the construction industry at the moment and that Built is well-positioned to help automate many of the construction processes here. He said, “it’s emerged as a great use case for us, we did some material handling work with Mortensen a few years ago, and we’ve done a bunch of different trenching projects across a bunch of states all over the country in Australia, too. And solar, I would say, has come to the fore as one of the most exciting if not the most exciting vertical in construction, today,”
One of the key reasons for Reedy-Campbells’ bullish stance is that he believes the inflation Reduction Act, which was passed last summer in the U.S., will likely double the size of the American solar industry over the next five to 10 years. He believes that this is a perfect storm, where solar has already been growing fast, and now there is even more opportunity to build out the necessary utility infrastructure.
When asked if the company would ever release a commercial version of the shotcrete robot or the autonomous concrete trowling robot, Reedy-Campbell said that anything is possible in the future, and that both of these specific construction use cases qualify as “dull, dirty and dangerous”.
However, the short-term focus for Built is in the solar market. The company roadmap includes an extension to its current autonomous trenching robot, and Reedy Campbell is saving the product details for later this spring.
Built is ready to expand its product line
Reedy-Campbell did emphasize that the addition of Jim Delaney and the Roin engineering staff will help accelerate the time to market for the existing roadmap. He had high praise for Dalaney’s skill at automating heavy equipment.
“Since their founding, Roin’s team has pushed the boundaries of construction autonomy, which has created a unique expertise in our industry,” said Ready-Campbell. “With Roin joining Built, the combined teams will continue developing new autonomous construction applications, and customers can expect to see robotic applications expanding beyond earthmoving.”
Built Robotics raised an additional $64M, series C round in April 2022. In 2020, Built won an RBR50 Robotics Innovation Award for the IUOE partnership. The Built Exosystem can be rented as standalone units to be installed onto a customers’ existing fleet or customers can lease upgraded excavators from Built with the technology already built in.
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