San Francisco-based construction imaging and artificial intelligence (AI) analytic tech startup OpenSpace on Wednesday announced a $102 million Series D funding round, led by PSP Growth, the venture and growth equity arm of investment firm PSP Partners.
OpenSpace said this brings total investment in the company this past year to $157 million and leaves the company with a valuation of $902 million.
In addition to PSP, which is owned by Penny Pritzker, billionaire and former Commerce Secretary under President Barack Obama, this latest investment round also saw participation from several new and existing investors such as and Menlo Ventures funds and accounts managed by BlackRock.
WakeCap, a Saudi-based leader in smart solutions for construction project management, and OpenSpace, the global leader in 360° reality capture, announce a strategic partnership aimed at making cutting-edge global technology easily accessible to the Saudi Arabian construction market. By providing direct, local access to world-class technologies, the collaboration creates a centralized hub for all construction…
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…
