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OpenSpace's Construction Image Tech Startup Receives $55 Million Investment

OpenSpaces Construction Image Tech Startup Receives $55 Million Investment Using advanced technologies like computer vision and 3D modeling, OpenSpace’s AI system automatically maps images to project plans with no manual corrections or location pinning necessary. May 4th, 2021 OpenSpace OpenSpace, a construction technology startup, has received $55 million in a Series C investor funding round and has rolled out its new ClearSight Progress Tracking platform. The company combines 360° cameras...
Ryan Shmeizer Jeevan Kalanithi World Development Clearsight Progress Tracking Alkeon Capital Management Greenpoint Partners

Construction site tech firm OpenSpace raises $55M

OpenSpace, the global leader in 360° construction photo documentation and analysis, today announced a $55 million Series C funding round, led by Alkeon Capital Management. Additional participants in the round include 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 funding comes as the company expands access to the ClearSight Progress Tracking platform to its full customer ...
Mark Mclaughlin World Development Alkeon Capital Greenpoint Partners New World Development Lux Capital

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OpenSpace Raises $50M for Construction Site-Tracking Tech

OpenSpace OpenSpace announced that it has raised a $50 million Series C funding round. A former commerce secretary invested as part of the round, led by hedge fund Alkeon Capital Management. The construction tech company said it saw a 150% growth in customers last year. OpenSpace CEO Jeevan Kalanithi wasnt planning to raise any more money after a fundraising effort last year netted the company $15.9 million. The Series B round in July 2020 helped the company hone a...
New York United States Hong Kong Jeevan Kalanithi Penny Pritzker World Development

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