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 wasn't 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 and expand the use of its software, which uses video to help contractors, architects, and developers...
Source: businessinsider.com