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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 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 ...
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.
Nov 24, 2021 · The company purchased Katerra’s assets in Tracy, California, including its state-of-the-art manufacturing facility (shown above), for $21.25 million in August. VBC will use the facility...
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...
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...
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 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 29, 2021 · Venture-backed startup Katerra Inc. aimed to revolutionize the construction business by mastering every element of the trade at once. Instead, its June bankruptcy filing made clear just how...
