D.R. Horton makes strategic investment in Apis Cor
The two companies plan to work together on a multi-unit construction project in South Florida
D.R. Horton, the largest homebuilder by volume in the United States, has made a strategic investment in Apis Cor, a manufacturer of construction 3D printing robotic technologies. The two companies plan to work together on a multi-unit construction project in South Florida after the finalization of the new 3D printed wall system, which Apis Cor estimates will result in a significant increase in productivity.
Apis Cor was founded to address the labor shortage in the industry that makes homebuilding challenging across the country to meet the growing demand for housing. According to Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Survey, in 2023, more than 400,000 construction industry positions were unfilled, and current workers are retiring in record numbers, making skilled labor hard to find and expensive.
Apis Cor’s 3D printing technology aims to empower all homebuilders, including smaller developers, with advanced robotic solutions to help fill the gap in the limited pool of skilled labor, increase productivity, and build more houses, thus increasing the overall inventory in the market.
“Access to D.R. Horton’s extensive expertise and infrastructure can boost the adoption and scalability of our breakthrough technology in the market and help us make our technology available for every homebuilder in the country sooner,” said Anna Cheniuntai, CEO and co-founder of Apis Cor.
As part of the relationship, D.R. Horton will provide advisory support through their team of construction experts. “As a strategic investor, we are always interested in highly innovative companies. We’ve seen many technologies in the space and are very impressed with what Apis Cor has achieved and demonstrated so far with their mobile, proprietary printer “Frank”. We look forward to what we can achieve together to expedite the commercialization of this promising technology,” said Brad Conlon, D.R. Horton’s SVP of Business Development.
