Thursday 26 December 2019

Warped lumber, failed projects: TRD investigates Katerra, SoftBank’s $4B construction startup

In an email to employees last week, Katerra CEO Michael Marks had a few uplifting thoughts on the year gone by. His startup, which seeks to transform the $12 trillion global construction industry through technology and automation, has grown to more than 8,000 employees, is nearing profitability and will soon open a new state-of-the-art factory in California. Clients are returning, he wrote, and the company has more than $15 billion worth of building projects in



source https://therealdeal.com/2019/12/16/softbank-funded-construction-startup-katerra-promised-a-tech-revolution-its-struggling-to-deliver/#new_tab

No comments:

Post a Comment