What is Toggle?
Founded in 2016 and headquartered in New York, Toggle specializes in the intersection of software and hardware technology designed for industrial robots. The company's core value proposition lies in its ability to streamline the rebar assembly process, a critical component of urban high-rise construction and renewable energy infrastructure. By delivering steel reinforcing products with increased speed and reduced costs, Toggle serves as a vital partner for developers looking to optimize their supply chains.
The company's technology works in conjunction with heavy material handling equipment, effectively bridging the gap between traditional construction methods and modern, automated workflows. This strategic positioning allows Toggle to capture significant market share in an industry that has historically been slow to adopt digital transformation.
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 Twenty Seven Ventures, Tribeca Venture Partners, Point72, New York State, and Blackhorn Ventures
Key Investors in Toggle
Twenty Seven Ventures
Twenty Seven Ventures (27V) is a VC fund investing in global EdTech & Future of Work startups at Pre-Seed / Seed stage.
Tribeca Venture Partners
Tribeca Venture Partners is a multi-stage venture capital firm based in New York that partners with entrepreneurs to leverage emerging technologies and innovative business models.
Point72
Established in 1992, Point72 is a private investment management firm that manages a number of private investment funds in long-short equity, quantitative equities and more.
What's next for Toggle?
With this major enterprise-level funding, Toggle is poised to scale its operations and expand its footprint in the construction technology landscape. The company is expected to focus on deepening its R&D efforts to further refine its robotic assembly systems and broaden its service offerings for complex infrastructure projects.
As the demand for sustainable and efficient building practices continues to rise, Toggle's ability to deliver high-precision, cost-effective solutions will likely attract further institutional interest. The firm's roadmap suggests a continued commitment to decarbonizing the construction sector through automation, positioning it as a key player in the future of urban development and industrial efficiency.
