Mighty Buildings, a California-based tech company focused on revolutionizing the construction industry through 3D printing, has hired three tech industry veterans to its senior management team.
Mighty Buildings uses proprietary sustainable material to assemble homes in rapid time thanks to robotics and its 3D printing technology. The process is quicker, produces less waste and has a lower environmental impact than its more conventional peers. This sets it apart from the emissions-heavy concrete construction industry.
Russ Atassi, previously of Airbnb, Facebook Oculus, Apple and Google, becomes Mighty Buildings’ COO. Rene Griemens – the new CFO – joins the company from Volocopter, the world’s first sustainable air mobility business. Mark Aldrich, who has been appointed as General Counsel, brings decades of legal expertise from working at Airbnb, Google, VMWare, Autodesk, NVIDIA and Intel.
Bringing these tech industry stalwarts on board is a big statement from Mighty Buildings. The builder, which seeks to be the “Tesla of housing”, is now tasked with delivering on its bold ambitions to revolutionize the construction industry and provide a workable solution to the affordable housing crisis.
The company is not without competition, however, with tech-enabled homebuilders springing up across the United States. Icon is a key competitor, also focusing on using 3D printing to build more efficient homes. The Texas-based company recently announced that it had partnered with the U.S. military to build three 3D-printed barracks. At more than 5,700 square feet, these buildings would be the largest 3D-printed structures in the Americas. Another one to watch is Juno, which applies modern technology to traditional wood materials to build low-carbon, entirely gasless houses.
Mighty Buildings states that its 3D printing technology eliminates 95% of construction waste associated with traditional home builds. The company has also put its weight behind net-zero goals, aiming to achieve this by 2028, which it says is 22 years ahead of average estimates for the wider construction industry.
With Silicon Valley funds already pouring money into the sector, all eyes will be on these new construction disruptors to see if they can follow through on their exciting ideas and truly transform an industry long associated with a reluctance to change.