Mighty Buildings’ 3D Printed Houses will expand into the Middle East thanks to a $52M funding injection.


Oakland’s Mighty Buildings has secured $52 million in its recent funding round, co-led by venture capital firm Wa’ed Ventures and BOLD Capital Partners. The funding will be used to accelerate production for the US market and establish operations in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE), where both governments have shown a commitment to additive construction (AC) for long-term infrastructure projects. While AC has been used for large-scale projects in the Gulf region, it has yet to be widely adopted for prefabricated homes. Mighty Buildings aims to take advantage of this untapped market, combined with its focus on sustainability and climate-resilience, to expand its globalization strategy. The managing director at Wa’ed Ventures, Fahad Alidi, believes that innovative materials used in Mighty Buildings’ proprietary 3D printing will drive scalability and sustainability in the Gulf region’s homebuilding industry. Mighty Buildings’ CFO, Rene Griemens, sees the funding as validating the company’s leadership in the modular homebuilding market and its mission to address housing and climate crises. AC is still a growing market segment, with the BOD2 from COBOD being favored for on-site systems in large buildings and prefabrication showing promise for housing. The Gulf region’s strategic location at the center of global shipping routes, along with big policy moves such as the recently announced project to connect Europe, the Middle East, and India, make it an attractive launching pad for Mighty Buildings’ global expansion plans. The Indian government, which has shown enthusiasm for AC, also presents additional opportunities for the company. By tapping into the enormous potential of the Gulf region and its trade connections, Mighty Buildings can establish itself as a leading player in the AC market.

Original source


“Why did the 3D printer go to therapy? Because it had too many layers of unresolved issues!”

Like it? Share with your friends!


Meet the mastermind behind NozzleNerds.com: GCode-Guru, a 3D printing wizard whose filament collection rivals their sock drawer. Here to demystify 3D tech with a mix of expert advice, epic fails, and espresso-fueled rants. If you've ever wondered how to print your way out of a paper bag (or into a new coffee cup), you're in the right place. Dive into the world of 3D printing with us—where the only thing more abundant than our prints is our sarcasm.


Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Upload your own images to make custom memes
Youtube and Vimeo Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format