SoftBank Leads $865 Million Investment in Construction Tech Startup Katerra
Katerra, now valued at about $3 billion, wants to control every step of the process for designing and constructing buildings.
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SoftBank Group Corp. led an $865 million investment in Katerra Inc., a little-known construction-technology startup seeking to shake up the building industry.
Katerra’s valuation is now more than $3 billion, said Michael Marks, the chairman and co-founder. He said the company has about $1.3 billion in bookings for new construction projects.