City: San Francisco
Year founded: 2017
Total funding: $33.3 million
What it does: Digitally catalogues visual imagery of construction projects as they progress, allowing its customers to observe and review the job.
Why it’s hot: OpenSpace aims to bring clarity and accountability to the complex business of construction by mapping projects visually. To gather data, site managers wear 360-degree cameras while touring a job site, recording visuals that are uploaded to OpenSpace’s mobile app. Builders can use the insights and imagery to monitor a development’s progress.
For instance, Tishman Speyer, a major developer, has used the app to monitor the rise of a $3 billion office tower called The Spiral it’s erecting in Manhattan’s Hudson Yards. OpenSpace not only stores and compiles these visuals but also develops tools that can analyze them. Those tools can pinpoint how much drywall or other materials have been installed, identify waste, and assess whether a development is being built to its blueprint specifications.
CEO Jeevan Kalanithi said while OpenSpace wasn’t yet profitable, it was focusing on growth. Its software has been used on thousands of projects across 35 countries, he said, and has mapped about 3 billion square feet of space.
Read the full article here.
Linxon is building the infrastructure to power the world with carbon-free technology by offering turnkey solutions in the areas of substations for power transmission, renewable energy, and transportation. As a pioneer in the industry, Linxon has entered into an enterprise agreement with OpenSpace, the global leader in 360° reality capture, to bring the technology to…
St. Petersburg’s 400 Central construction crew has started using artificial intelligence to avoid mistakes in the construction process. Here’s how new tech accelerates long buildouts. In a matter of months, 400 Central Avenue, the site of St. Petersburg’s future tallest building, has gone from a ground-level foundation to a multi-story cement structure rising rapidly from…
OpenSpace introduced a new Building Information Modeling (BIM) technology product in June 2023 that aims to allow construction project teams to solve problems faster. With OpenSpace’s tools, field and virtual design and construction (VDC) teams are able to compare as-built conditions to design intent with use of a 360 degree reality capture and AI-powered analytics….
