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Venture Capital News: OpenSpace Raises Additional $9M Series D

2022-08-09
SAN FRANCISCO, CA, OpenSpace, the global leader in 360° jobsite capture and AI-powered analytics, today announced $9 million in additional strategic capital for its Series D round.
OpenSpace today announced $9 million in additional strategic capital for its Series D round, bringing the total raised to $111 million. The investment comes from funds managed by existing investors Taronga Ventures and GreenPoint Partners, spotlighting OpenSpace's exciting opportunities to expand into new markets and use cases. The investment will be used to continue scaling the business and developing additional AI-powered technologies.

Founded in 2017, OpenSpace is an AI technology company on a mission to bring new levels of transparency and efficiency to construction and real estate. With our platform, builders automatically capture a complete visual record of the jobsite, providing a single source of truth that increases coordination, drives accountability, and simplifies dispute resolution. To date, our customers have used OpenSpace to capture more than ten billion square feet of imagery from active construction projects across thousands of sites in over seventy-six countries.¯¯
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