OpenSpace reaches valuation of $902 million

San Francisco-based OpenSpace , a startup that develops technology for the construction industry, raised $102 million in a Series D funding round, reaching a valuation of $902 million. PSP Growth led the round, with Alkeon Capital, Corigin Ventures, BlackRock, Fischer Homes, GreenPoint Partners, Harmonic Growth Partners, JLL Spark, Lux Capital, Menlo Ventures, Mirae Asset Global Investments, Navitas Capital, Nine Four Ventures, Sino Group and Taronga Group as participants.

Founded in 2017, OpenSpace’s technology enables builders to ‘easily’ capture a visual record of a job site. Workers attach a camera to their hard hats and images are then uploaded and organized with artificial intelligence to create a complete picture. The images are stored in the cloud and can be consulted during all phases of construction. To date, the company raised ~$191.43 million.