Canvas raises $24M Series B for drywall robotics
Canvas raised a $24 million Series B led by Menlo Ventures to scale its collaborative drywall-finishing robotics system.
Evidence notes
- Menlo Ventures led the round, with strategic investment from Suffolk Construction.
- Alumni Ventures Group and existing investors Innovation Endeavors, Brick & Mortar Ventures, Obvious Ventures and Grit Labs participated.
- Canvas said the capital would accelerate commercialization of its worker-operated drywall-finishing system.
Company context
Canvas provides a robotic drywall finishing system for construction sites. The JLG-hosted Canvas product line combines a mobile robotic tool with finishing workflows for drywall contractors and construction crews.