OpenSpace Announces Series C Funding to Expand Automated Construction Progress Tracking and Accelerate International Expansion

29 Apr, 2021

OpenSpace Announces Series C Funding to Expand Automated Construction Progress Tracking and Accelerate International Expansion
Photo by Tetiana SHYSHKINA on Unsplash

– OpenSpace, the global leader in 360° construction photo documentation and analysis, recently announced a $55M Series C funding round, led by Alkeon Capital Management.
– The funding comes at an exciting time for the company, which also announced recently that it’s expanding access to the ClearSight Progress Tracking platform to its full customer base.
– 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.
– Over the past year, accelerated global adoption of digitization and remote work has fueled growth for OpenSpace, which has seen revenue triple, customer count increase by more than 150%, and customer site captures increase by more than 300% during that time.

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