Prescient, a Denver, CO-based software design and structural system manufacturing company, secured $3m in funding.
The company intends to use the funds, which are part of a $10m round, to bring a Houston-based manufacturing facility online in 2014.
Led by John Vanker, CEO, Prescient provides a patented structural system which uses light gauge, cold-rolled steel. The first two buildings using the system were completed in Denver in 2013: the B Street LoHi building in the Highlands neighborhood, and a 60,000-square-foot apartment building at University Station.
The company’s primary market segment is multi-unit buildings and residential construction, including apartments, condos, senior and assisted living communities, hotels and college and military dormitories. and the company is currently in talks with major building companies and installers.
It is backed by Kanusul Investments Pte. Ltd., a private equity fund based in Singapore.