Today OpenSpace®, the global leader in reality capture and AI-powered analytics, formally announced platform support for the Insta360 Sphere, an easy-to-install, dual 360° camera that can be attached to DJI Mavic Air 2 and Air 2S drones. Paired with OpenSpace’s technology, drone capture with Sphere is easy and scalable—opening up 360° capture for a wider…
Proptech Startup OpenSpace Reaches Valuation of $902 Million
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.