Mechasys, the innovative Montreal-based tech firm renowned for its millimetric projected reality technology in construction, has achieved a significant milestone with a successful funding round. This round is spearheaded by Great Wave Ventures (previously Agya Ventures), alongside prestigious entities like Tokyu Construction Innovation Fund managed by Global Brain, Toda Corporation, Ogawa Denki, and ongoing investors.

Having implemented its cutting-edge laser layout solutions in over 50 projects across North America, Europe, and Asia, Mechasys has established a solid reputation for precision and user-friendly technology. These projects showcase the company’s commitment to excellence and the practical utility of its solutions in diverse construction environments.

This investment consortium marks a historic moment in international collaboration, with Japanese General Contractors forming a unique alliance to invest in a North American enterprise. This move is a strategic response to Japan’s severe labor shortage in construction, particularly in skilled layout operations. Mechasys’ technology promises to alleviate these labor challenges, enhancing efficiency and speed in construction projects.

Koichi Fujita of Tokyu Construction and Masaoki Haneda of Toda Corporation have both expressed their confidence in Mechasys’ technology as a game-changer for construction site efficiency and communication. Their investment reflects a collective effort to tackle labor shortages and foster innovation in the construction sector.

Nobu Iguchi, Managing Partner at Great Wave Ventures, has lauded the collaborative spirit of the investment, recognizing Mechasys’ transformative impact on construction technology.

Looking forward, Mechasys is preparing to launch its third-generation product in 2024, promising significant advancements in durability for challenging environments and additional innovative features, poised to further expand its market reach and influence.

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