What is Toggle?
Toggle develops integrated software and hardware technology designed to enhance safety, productivity, and precision in the rebar assembly process, working in conjunction with industrial robots and heavy material handling equipment. The company aims to deliver steel reinforcing products at a lower cost and faster speed to clients in the construction sector, with a particular emphasis on shared infrastructure systems such as renewable energy projects and urban high-rise buildings. Founded in 2016 and headquartered in New York, Toggle is positioned to address critical needs in modern construction.
How much funding has Toggle raised?
Toggle has raised a total of $8M across 1 funding round:
Series A
$8M
Series A (2021): $8M with participation from New York State, Blackhorn Ventures, Tribeca Venture Partners, Twenty Seven Ventures, and Point72
Key Investors in Toggle
New York State
The State of New York provides government services, focusing on public safety, health, and education. Its investment in Toggle likely reflects a commitment to fostering innovation within the state's industrial and infrastructure sectors.
Blackhorn Ventures
Blackhorn Ventures is a venture capital firm focused on startups leveraging digital technologies like AI and robotics to transform critical industries, with a mission to decarbonize the economy and address climate change challenges.
Tribeca Venture Partners
Tribeca Venture Partners is a multi-stage venture capital firm based in New York that supports entrepreneurs in building category-defining companies, with a strong focus on emerging technologies and innovative business models.
What's next for Toggle?
With a major enterprise-level funding context and a recent strategic investment, Toggle is poised for significant scaling and market expansion. This capital infusion will likely fuel further development of its robotic and software solutions, enabling the company to capture a larger share of the construction technology market. The focus on renewable energy and urban infrastructure suggests a strategic alignment with global trends towards sustainable development and smart city initiatives, positioning Toggle for sustained growth and innovation in the coming years.
See full Toggle company page
