OpenSpace, a startup that develops technology for the construction industry, raised $102 million in a new funding round that the company said gives it a valuation of $902 million. Penny Pritzker’s PSP Growth led the round, San Francisco-based OpenSpace said. Other participating investors include BlackRock Inc., Alkeon Capital Management, Menlo Ventures and a unit of…
OpenSpace Joins AXA XL’s Construction Ecosystem
360 Photo and Progress Tracking Technology Company Will Be Part of Integrated Digital Platform, Help Contractors Manage Risk on Jobsites
OpenSpace, a provider of next-generation 360 jobsite photo capture, sharing and tracking technology, will join a select group of construction technology companies in AXA XL’s recently launched Construction Ecosystem platform. OpenSpace enables general contractors and trades to perform their own onsite captures, eliminating the cost, complexity and delays often associated with third-party capture services.