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Whiteshell Group

Toronto, Ontario, Canada

Overview

Whiteshell Group is a merchant bank that invests in early and middle-market companies to add value through active participation and value creation.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • Augmenta

    Participated · Seed · Jun 2022

    Augmenta provides a cloud-native AI design platform for the AEC industry that automates the sustainable design of buildings, with an initial focus on electrical systems. Its platform offers automated electrical system design services for design firms and subcontractors, aiming to reduce errors, rework, and costs. The company plans to expand the capabilities of its Electrical System Design (ESD) agent and accelerate development of Mechanical and Plumbing agents to deliver fully automated MEP/S design tools. Augmenta intends to use the new funding to build out its sales and support organizations to scale adoption. The company has a strategic partnership with ENG to automate electrical design modeling for subcontractors. The company is led by CEO Francesco Iorio. Augmenta develops the Augmenta Construction Platform (ACP), an AI-driven, cloud-based platform that automates building system design to generate error-free, constructible, code-compliant layouts in hours rather than weeks. Its first commercial module, the Electrical System Design (ESD) module, generates fully constructible electrical raceway routing for engineers and contractors and is on track for commercialization in Q1 2024. The platform uses artificial intelligence, including machine learning and mathematical optimization, and was founded by pioneers of generative design from Autodesk. Augmenta is running a formalized feedback program and commercial pilots with several electrical engineering firms and has a waitlist of almost 30 companies for its beta. The company plans to use the new capital to double its team over the next nine months across engineering, sales, and support, and to expand into adjacent plumbing and mechanical markets. It has been recognized as a Top 50 Preconstruction Future Disruptor by BuiltWorlds and was named to CB Insights’ 2023 AI 100 list. Augmenta has emerged from stealth with the Augmenta Construction Platform (ACP), a cloud-based platform that automates the design of building systems. ACP uses artificial intelligence, including machine learning and mathematical optimization, and generative design to produce error-free, constructible, code-compliant designs in hours instead of weeks. The company’s first product module is an Electrical System Design (ESD) module, for which a pilot program is being launched in partnership with Interstates, who co-designed and tested the module. Augmenta says ACP enables contractors and engineers to reduce material use, waste, and energy consumption by producing fully detailed, coordinated, and optimized designs. The company emerged from stealth after raising US$4.1 million in seed funding to accelerate ACP development, launch the ESD pilot, and grow sales, deployment, and customer-support teams. Augmenta was founded by an ex-Autodesk team that pioneered Generative Design and is based in Toronto.

Team

No current team members are available.