Factory_OS Attracts Investments for Offsite Construction Facility from Technology and Investment Firms

With a passion for creating more affordable multifamily housing, Factory_OS is bringing a high technology, “operating systems” approach to housing construction and doing it offsite in a factory setting. This technology based approach and with their facility located in the Mare Island Naval Shipyard in Vallejo California has attracted a wide variety of investors, anywhere from Lafayette Square, to participation from companies such as Autodesk, Citi, Facebook, Google and Morgan Stanley. In their last issuance of Serie B funding, they were able to raise $ 55 million. According to Factory_OS estimates by framing with lumber, plumbing ,wiring, insulating, wall boarding, painting and finishing the units in the factory, it currently can cut 25%–30% off the cost of constructing the dwellings at the project location, which can be $700,000–$800,000 a unit in downtown San Francisco and Oakland. Other touted benefits for factory homebuilding are 40% faster project completion and 70% reduction in materials waste.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Factory_OS raises $55M Series B Round