Katerra, a Silicon Valley startup backed by SoftBank, has closed a large factory in Phoenix, weeks after one of its co-founders left the firm. The Menlo Park–based firm, which is valued at more than $4 billion, says it uses tech to deliver construction projects inexpensively. But it has a history of delaying or abandoning projects and in recent months has laid off hundreds of employees. The Phoenix factory, which was the company’s first, had been
source https://therealdeal.com/2019/12/03/construction-startup-katerra-closing-phoenix-factory/
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