Artificial intelligence construction startup Reframe Systems has locked down $20M in an early-stage funding round as modular homebuilding picks up speed across the multifamily sector.
With the cash infusion, Reframe will scale its microfactory model, which can get modular factories up and running within 100 days. It aims to build 1 million units in the next 20 years.
Reframe Systems builds microfactories in areas hit hard by housing shortages and natural disasters to produce small multifamily units, single-family homes, duplexes and townhomes — units that can hit the missing middle of housing affordability.
The Series A fund-raise was co-led by energy infrastructure investor VoLo…