The housing crisis and sustainability concerns are more prevalent than ever, and one construction tech company is using robots and 3D printers to tackle the problem.

Mighty Buildings, which specializes in 3D printing homes of differing sizes, is planning to build a $15 million community of 3D-printed homes in California. The project, dubbed Rancho Mirage, seems to be on a good track with the company raising $40 million in a Series B funding round just last month. As of the press release, Mighty Buildings has raised more than $70 million from investors.

Once executed, the upcoming project will have the title of the "world's first planned community of 3D-printed homes," according to Mighty Buildings. In order to achieve this lofty goal, the company partnered with development-focused Palari Group.