"We're at a technological nexus where a few different technologies have got to the level where it's now possible to do it, and that's what we've done."
The robot took 10 years to create, and has cost about £4.5m in research and development so far.
Mr Pivac insists he has "nothing against bricklayers", but says he just wants to streamline the construction process.
The prototype needs no human intervention once the process begins.
Fastbrick Robotics says it will take about a year before the robot is ready to hit the market.
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