Speech Technology Magazine

 

Amazon Alexa Fund Invests in Prefab Home Builder

Alexa Fund added as new investor, marking Amazon's first investment in a home prefabrication/construction company.
Posted Oct 2, 2018
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Plant Prefab, a home design and prefabrication company, today announced it has raised a $6.7 million Series A funding round. Plant Prefab’s Series A funding included Obvious Ventures and the Amazon Alexa Fund.

Voice has emerged as a delightful technology in the home, and there are now more than 20,000 Alexa-compatible smart home devices from 3,500 different brands,” said Paul Bernard, director of the Alexa Fund. “Plant Prefab is a leader in home design and an emerging, innovative player in home manufacturing. We’re thrilled to support them as they make sustainable, connected homes more accessible to customers and developers.”

Plant Prefab manufactures custom single and multi-family homes that are high-quality, sustainable, healthy, and durable. The company is focused on sustainable construction, materials, processes, and operations. Plant Prefab says its approach reduces construction time by 50% and cost by 10-25% in major cities.

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