SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- OpenSpace, the global leader in 360° jobsite capture and AI-powered analytics, today announced US$9M in additional strategic capital for its Series D round, bringing the total raised to US$111M. 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.
- "OpenSpace is fast becoming an industry standard, and we're pleased that we can continue to support this growth."
- Amid market turbulence and a decrease in most venture capital funding , this additional investment demonstrates OpenSpace's strong position as an industry leader.
- Canada's Public Sector Pension Investment Board (PSP Investments) and Ivanho Cambridge co-invested in OpenSpace through GreenPoint Partners' Technology Fund I.
- "Alan will help propel OpenSpace to our next phase of growth and success," said OpenSpace CEO and co-founder Jeevan Kalanithi.