On March 17, 2021, Promise Robotics, platform for the robotic manufacturing of houses and building components, announced its strategic investments from PSP Investments and Radical Ventures. This investment will allow Promise Robotics to build a team to develop core robotics technologies and automation processes to tackle the housing sector’s most pressing economic and environmental challenges.
PSP Investments is one of Canada’s largest pension investment managers with approximately $169.8 billion of net assets.
Radical Ventures is an early-stage venture capital firm investing in entrepreneurs applying artificial intelligence to transform industries.
Osler, Hoskin & Harcourt LLP advised Promise Robotics with a team consisting of Chad Bayne, Andrew Irwin and Shalu Atwal (Emerging and High Growth Companies).