Monday, July 22, 2019

Amazon invests in prefab startup focused on smart home tech

Got news? Next submission deadline is Friday at 5:00 p.m.

Click here to submit YOUR news

 

 

Amazon has made its first foray in prefab construction, investing in a company known for sustainable construction and smart home technology.

Today’s announcement of Amazon’s investment in Plant Prefab, a startup based in Rialto, California, comes on the heels of the company’s announcement of a new line of Alexa-enabled smart home devices, suggesting a potential new avenue of smart home development, experimentation, and expansion.

Amazon already has a deal with Lennar, the nation’s largest homebuilder, to pre-install Alexa in all the company’s new homes.

Never miss important industry news again – Click here to sign-up and receive the Weekly Round Up in your inbox every Saturday

While Amazon has plenty of construction needs, between current expansion in Seattlefuture construction of its HQ2, as well as continued expansion in warehouse and logistics space, one of its primary focuses has been getting Alexa, its smart assistant, in more homes. Plant Prefab CEO Steve Glenn told Curbed he wasn’t able to discuss any specific plans, the press release announcing the deal focused on smart home technology.

“Voice has emerged as a delightful technology in the home, and there are now more than 20,000 Alexa-compatible smart home devices from 3,500 different brands,” said Paul Bernard, director of the Alexa Fund, in a statement. “Plant Prefab is a leader in home design and an emerging, innovative player in home manufacturing. We’re thrilled to support them as they make sustainable, connected homes more accessible to customers and developers.”

Glenn said the new $6.7 million Series A funding round, which also includes investments from Obvious Ventures and other private investors, will support expansion and talent acquisition for the company, including senior hires and new factories operating on the company’s patented Plant Building System. The company current operates out of a 62,000-square-foot facility in Rialto.

Keep reading on Curbed.com

 


Watch our video and learn more about the benefits of joining Construction Links Network – the peer-to-peer network sharing platform for the construction, building and design community.

Press Releases | Project Updates | New Appointments | Awards & Milestones | Company News | New Products/Services | Brochures | Videos | Infographics | Blog Sharing | Events and More

 

 

[ctct form=”7067″]

FREE WEEKLY NEWS SUBSCRIPTION

Subscribe to our FREE online news service dedicated to producing essential up to date news for the construction, building, and design community.