Toggle is a New York-based robotics company that builds machines to bend rebar used in heavy construction. The startup has raised a total of $15 million to date, including an initial $8M Series A announced in 2021 and a recent $3M Series A extension. The new funds will be used to ramp up robotic production and expand hiring, with roles focused on engineering and operations. Toggle’s headcount is currently 40 and the company plans to double that over the next year ahead of an upcoming Series B. CEO Daniel Blank says demand is being driven by renewed interest in American manufacturing, infrastructure and renewable energy investments and by pandemic-era pressures such as supply-chain disruptions, inflation, and rising labor costs that are accelerating automation and prefab construction methods. Toggle builds robotics technology that automates the assembly of rebar, the foundational building material, completing work in a fraction of the time of manual methods. The company targets large construction projects and says its tools add capacity while saving time and cost, with a stated focus on renewable energy and sustainable urban development. Toggle announced an $8 million Series A to expand production capacity. The startup previously raised a $3 million seed round in late 2019. Proceeds from the new round will fund increased headcount and an upgrade to a new 50,000 square foot production facility. The raise comes amid rising investor interest in robotics and construction automation. Toggle is a Brooklyn-based, 15-person robotics startup that builds robots to fabricate and assemble rebar. Its systems are designed to work alongside existing robotics and steel fabrication technologies and, by the company’s count, can speed the process up to five times. Toggle has begun a soft launch for a wide range of projects in New York City and the surrounding area. The company expects to ramp toward commercial production over the next year and a half. CEO Daniel Blank says the recent seed funding will be used for R&D, development of both hardware and software around assembly and fabrication automation, and to grow the engineering team. The funding also provides a foundation for Toggle’s manufacturing operation, which is already supplying services and materials to customers in the NYC region.

Total raised

$14M

Funding rounds

3

Latest round

Series A

Latest activity

Feb 2023