Tennessee-based robotic painting company PaintJet secures $20M in series A round funding. Outsiders VC led the round, and Dynamo, Pathbreaker Ventures, MetaProp, and VSC Ventures also contributed. PaintJet now has $14.75 million in funding overall.
The company plans to broaden its robotic painting business and relocate its headquarters from Nashville to Virginia with the funds. PaintJet, led by CEO Nick Hegeman, uses robotics across the entire painting process to multiply painter productivity.
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The business oversees the painting process from beginning to end and offers a full range of services, including making use of its robot and unique paint.
PaintJet may now enter the $200 billion paint market without depending on a declining workforce thanks to this methodology. It is operated by connecting to industry-standard equipment that already exists on site, takes 30 minutes to put up and take down, and is compact enough to fit in a pickup or small trailer. It was designed with the construction operating environment in mind.
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PaintJet unveiled its most recent creations, the Bravo robotic painter and Alpha Shield paint, in October 2023 to offer an all-inclusive industrial painting solution.
The robotic painting business brought up revenue four times in 2023 after using its technology to paint ships and the exteriors of buildings totaling more than 1.5 million square feet. Customers of the business, such as Prologis, Clayco, Layton Construction, and Brinkmann Constructors, now utilise the technology of the company.
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About PaintJet
PaintJet are a robotics and material sciences company that offers button-press convenience painting services for industrial buildings. By using cutting-edge robotics to paint massive industrial warehouses, naval vessels, and wind turbines, they solve the structural labour deficit.
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