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Katerra was an American technology-driven off-site construction company. 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. Katerra was listed on LinkedIn's "Top Startup Companies" to work for in 2017.
Jun 7, 2021 · Construction firm Katerra Inc. filed for bankruptcy protection in the U.S., bookending the implosion of a startup that raised about $2 billion from investors including SoftBank Group Corp. The...
Jun 7, 2021 · Katerra, the US construction start-up backed by SoftBank’s Vision Fund, filed for bankruptcy with more than $1bn in liabilities, becoming the second leading company in the Japanese...
Jun 1, 2021 · After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The ...
On June 6, 2021, Katerra Inc. and 32 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division.
Jun 18, 2021 · On June 7, the high-profile AEC startup Katerra filed for bankruptcy, having spent more than $2 billion in just over six years. Its insolvency concludes the most well-funded attempt to redefine the architecture and construction industries through modular design, prefabrication, and supply-chain integration.
Oct 13, 2021 · What does Katerra’s demise mean for the contech and modular industries? Once valued at $4 billion, the firm was not able to convince developers and builders to move away from their traditional...
Katerra exists to help transform construction through technology—every process and every product. Technology-driven efficiencies and insights have driven extraordinary productivity gains in the...
Jun 8, 2021 · The California-headquartered construction startup Katerra announced that it filed for Chapter 11 bankruptcy. Given the company's ties to Softbank and Greensill Capital, this type of corporate ...
What Was Katerra? Katerra was a startup founded in 2015 trying to become the Salesforce of construction. Its goal was to be a one-stop-shop, vertically integrated, construction project management company. The startup was trying to disrupt its $12T industry by implementing modern tech that was supposed to reduce the cost of construction projects.
