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 Makes List of “54 Tech Startups to Bet Your Career On In 2021”
City: San Francisco
What it does: OpenSpace builds an AI product that can create photo representations of construction sites and map them against a site plan, making it easier for companies to document sites.
Why it’s a good bet: OpenSpace announced in July that it raised $15 million in a Series B round led by Menlo Ventures. In the past year, construction companies have been ramping up their tech investments so that workers can supervise sites remotely. OpenSpace provides the tools for that by allowing workers to navigate construction sites and maps virtually.
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