Canvas, a San Francisco-based construction robotics company that focuses on drywall installation, announced today that it has raised a $24 million Series B. The round is led by Menlo Ventures, and will be used to expand the startup’s fleet of robots and develop new applications for its technology. 

Both Canvas and Menlo partner Matt Murphy declined to comment on the company’s revenue or its projected valuation, but are confident in its ability to help bring the historically stagnant construction industry up-to-speed with more technologically advanced sectors. 

Specifically, Canvas robots optimize the process of drywall installation—a $25 billion…

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