OpenSpace, a San Francisco, CA-based provider of a 360° construction photo documentation and analysis platform, raised $55M in Series C funding.
The round was led by Alkeon Capital Management. with participation from PSP Partners, GreenPoint Partners and New World Development, as well as returning investors Lux Capital, Menlo Ventures, JLL Spark, Navitas Capital and Zigg Capital.
The company intends to use the funds to further expand its ClearSight analytics suite into areas like safety management and quality control, as well as accelerating its international expansion.
Founded in 2017 by CEO Jeevan Kalanithi, OpenSpace provides solutions that combine simple 360° cameras, computer vision and AI to make it easy to capture a complete visual record of the jobsite, share it via the cloud and track progress. To date, customers have used the platform to capture more than four billion square feet of imagery from active construction projects across thousands of sites in over fifty countries.