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It was founded in 2015 by Michael Marks, former CEO of Flextronics and former Tesla interim CEO, along with Fritz Wolff, the executive chairman of The Wolff Co. [3] Katerra was listed on LinkedIn's "Top Startup Companies" to work for in 2017.
- Origin Story
- The Descent
- What Went Wrong
- The Future of Industrial Construction
Katerra was founded as a materials and hardware supplier in 2015. Instead of procuring lumber from one vendor, an HVAC system from another, and hardware from another, you could just head to Katerra. The company would manage the supply chain, ship directly from factories, and eliminate the middlemen. Daniel Hall attended an early pitch of Katerra, b...
By the time Katerra filed for bankruptcy, it was not only making design software, air conditioning systems, and windows, but also engaging in general contracting, architectural design, engineering, and project management. It even provided cleaning services. In many ways, its strategy was reminiscent of the 1940s and 1950s Total Design movement—the ...
In the press release announcing its bankruptcy, Katerra blamed its downfall on a range of things: the pandemic, its inability to raise more money, and the “unexpected insolvency” of a former lender (an apparent reference to Greensill, another SoftBank-funded company that Katerra had reliedon for financing and that had itself filed for bankruptcyin ...
Many in the AEC profession will cite Katerra as evidence for why industrial construction will never work—that people have been attempting to assemble buildings in factories for decades, without much success. And if Katerra’s $2 billion couldn’t crack it, what hope does anyone have? But Katerra didn’t fail because it entered the industrial construct...
When was Katerra founded? Katerra was founded in 2015. Who is the founder of Katerra? James Davidson JD, Michael Marks, and Fritz Wolff are the founders of Katerra. Where is Katerra headquartered? Katerra is headquartered in Scottsdale, AZ. What is the size of Katerra? Katerra has 6,400 total employees. What industry is Katerra in?
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Jun 2, 2021 · The start-up construction company was founded by Michael Marks and Fritz Wolff and was listed on LinkedIn's "Top Startup Companies" to work for in 2017. Based in Menlo Park, California, Katerra used software to manage its construction and fabricate and supply everything from wall systems to hardware.
Jun 7, 2021 · Cofounded by Michael Marks, a one-time interim CEO of Tesla and former CEO of electronics manufacturer Flextronics, Katerra was a company built around the concept of vertical integration,...
Oct 13, 2021 · Michael Marks, former chief executive of an electronic manufacturing company, founded Katerra in 2015 along with a group of entrepreneurs.
Oct 28, 2019 · Michael Marks is the CEO and founder of Katerra. Search Openings. As Katerra strives to digitally disrupt the construction industry and “productize” the way we build, CEO Michael Marks discusses lessons learned and aspirations.
