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 commercial real estate brokerage Jones Lang LaSalle Inc.
The startup’s technology enables builders to easily capture a visual record of a job site, simplifying an ordinarily painstaking process. Workers attach a camera to their hard hats and images are then uploaded and organized with artificial intelligence to create a complete picture. The images are stored in the cloud and can be consulted during all phases of construction.
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…
