Katerra Raises $130M in Series C Funding

Katerra, a Menlo Park, CA-based technology platform for the construction industry, raised $130m in Series C funding.

The backers were not disclosed.

The company intends to use the proceeds for R&D, factories, and other general corporate purposes.

Founded in 2015 by Michael Marks, executive chairman, Katerra provides a technology platform that aims to help industry players optimize every aspect of building development, design, and construction. The solution connects Building Information Modeling (BIM) tools and computational design directly to its ERP global supply chain infrastructure to facilitate material ordering, manufacturing, tracking, and delivery.
While currently focused on multi-family housing in the US, the company plans to bring its global supply chain, project management, and design services to every sector of the construction industry.
Katerra currently has a global team of more than 550 people.

FinSMEs

14/04/2017

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