Cedar, an Austin, TX-based provider of a generative building design platform for housing and urban development, raised $3M in Seed funding.
The round was led by Caffeinated Capital with participation from Tishman Speyer Ventures, Maria Davidson (CEO of celebrated construction startup Kojo), David Rubenstein via Shorewind Capital, Alumni Ventures, among others. Cedar’s cap table also includes global venture capital firm Antler as an early investor (pre-seed round)
The company intends to use the funds to expand operations and its business reach.
Founded in 2022 by Kyle Vansice, Nate Peters and Rahul Attraya, Cedar provides a platform that uses generative algorithms and a mix of public and proprietary data to quickly generate a broad array of building designs, accurately predicting the development yield on any parcel in a city, and converting complex land-development regulations into real development scenarios that maximize a property’s financial potential.
The company has coverage across Austin now, with plans to expand to a number of major American cities over the next 12-18 months.
