Katerra

Parspec Announces $11.5M Seed Funding led by Innovation Endeavors, bringing the power of AI to construction product procurement

Retrieved on: 
Tuesday, February 27, 2024
Other Construction & Property, Technology, Construction & Property, Artificial Intelligence, Software, Katerra, Eric Schmidt, CED, AI, Building, Sale, Database, Documentation, LLM, Lighting, Stanford University, Operation, NLP

Parspec , an AI-powered software platform that streamlines the selection and sale of construction products, today announced its oversubscribed $11.5 million seed round.

Key Points: 
  • Parspec , an AI-powered software platform that streamlines the selection and sale of construction products, today announced its oversubscribed $11.5 million seed round.
  • Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures.
  • Founded in 2021, Parspec is transforming the $1.7 trillion global construction materials market by providing better information and online workflows to support the procurement process.
  • It is a time consuming and error-prone process that contributes to procurement costs (in construction) that are nearly double comparable industries.

J.S. Held Announces Expanded Leadership and Year-Long 50th Anniversary Celebration

Retrieved on: 
Wednesday, February 14, 2024
Forward, News, Katerra, Insurance, Bankruptcy, History, World Trade, Government, Risk assessment

Held, proudly celebrating 50 transformative years, announces Paul Banks as the new Science & Technology Division Leader for J.S.

Key Points: 
  • Held, proudly celebrating 50 transformative years, announces Paul Banks as the new Science & Technology Division Leader for J.S.
  • Held.
  • Today, as a global consulting firm, we continue to grow, innovate, and reimagine our work to help clients navigate complex matters and mitigate risk globally.
  • Held, explore our story , and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

J.S. Held Announces Expanded Leadership and Year-Long 50th Anniversary Celebration

Retrieved on: 
Tuesday, February 13, 2024
Katerra, Forward, News, Fraud, Government, Bankruptcy, History, Risk assessment, World Trade, Insurance

Held, proudly celebrating 50 transformative years, announces Paul Banks as the new Science & Technology Division Leader for J.S.

Key Points: 
  • Held, proudly celebrating 50 transformative years, announces Paul Banks as the new Science & Technology Division Leader for J.S.
  • Held.
  • Today, as a global consulting firm, we continue to grow, innovate, and reimagine our work to help clients navigate complex matters and mitigate risk globally.
  • Held, explore our story , and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

Liberty Group Construction Services (LGCS) Welcomes Jeffrey VanderVorst As Executive Vice President

Retrieved on: 
Tuesday, August 2, 2022
Diamond, Goal, QSR, Paint, Industry, CEO, Commercial, Executive, VP, Partnership, EVP, JPI, Life, LLC, Growth, Communication, Commercial property, Management, Drywall, Katerra

DALLAS, Aug. 2, 2022 /PRNewswire/ --Liberty Group Construction Services (LGCS), a multifamily construction company, welcomes Jeffrey VanderVorst as the Executive Vice President to help lead the company's rapid growth and plans for continued expansion.

Key Points: 
  • DALLAS, Aug. 2, 2022 /PRNewswire/ --Liberty Group Construction Services (LGCS), a multifamily construction company, welcomes Jeffrey VanderVorst as the Executive Vice President to help lead the company's rapid growth and plans for continued expansion.
  • Starting from 2007 at UR Holdings (which includes United Renovations, CAPgro, and UR Speciality Group), sold to Katerra in 2017.
  • During his tenure at UR Holdings, VanderVorst held multiple executive positions, including VP and EVP of United Renovations and CEO of CAPgro.
  • Liberty Group Construction Services (LGCS) is a Multifamily and Commercial Construction company based in Dallas-Ft Worth, TX, specializing in New Construction Paint and Drywall, Renovation, Roofing & Restoration, and Commercial & Decorative Flooring.

Project Frog Bolsters Executive Team With Additions to Strategic Partnerships, Development, Architecture, Engineering, Construction, and Marketing Teams

Retrieved on: 
Wednesday, October 27, 2021
Building Systems, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Apollo, Method, Engineering, Katerra, Technology, University, Construction, Kristal, Industry, ICC, UCLouvain Faculty of Architecture, Architectural Engineering and Urban Planning, CAD, Regulation and licensure in engineering, Adoption, Marketing, University of California, San Diego, SE, Business administration, University of Michigan, Nebraska Wesleyan University, Software, Strategic planning, Restaurant, ATG, BIM, Autodesk, Environment, Computer science, Solution, Science, Employment, Eastern Michigan University, AEC, Implementation, Education, Automation, Business development, Doosan Heavy Industries & Construction, Management

Project Frog , a leader in Industrialized Construction solutions, announced today the addition of five senior executives to its management team.

Key Points: 
  • Project Frog , a leader in Industrialized Construction solutions, announced today the addition of five senior executives to its management team.
  • Joining from inside Project Frog and from industry leaders like Autodesk and innovative startups, the team members will drive strategic partnerships, development, architecture and engineering, construction and implementation, and marketing programs.
  • As vice president of Engineering at Project Frog, Pete focuses on the KitConnect enterprise technology platform and related software architectures.
  • Expansion of the executive team will help Project Frog outpace the demands of the building and technology industries while leveraging diverse perspectives to increase adoption of Industrialized Construction.

Tynt Technologies Secures $8.5 Million in Seed Funding for Groundbreaking Technology behind Blackout Dynamic Windows

Retrieved on: 
Wednesday, October 13, 2021
Goal, Technology, Professor, Program, Environment, Adoption, Color, Angel, Advanced product quality planning, University of Colorado Boulder, Department, Privacy, Beauty, United States Department of Energy, McDermott Will & Emery, Primary energy, Buildings Energy Efficiency Ordinance, RME, VP, Perception, Multimedia, Health, The Queen's Award for Enterprise: Innovation (Technology) (2011), Board of directors, Temperature, Carbon, CEO, Katerra, Principal, Board, Heating, ventilation, and air conditioning, Management, Renewable energy

BOULDER, Colo., Oct. 13, 2021 /PRNewswire/ -- Tynt Technologies, Inc. (Tynt), a Colorado-based dynamic window company that's engineering the first ever blackout dynamic window, announced it has secured $8.5 million in funds through a combination of private financing and federal grants.

Key Points: 
  • BOULDER, Colo., Oct. 13, 2021 /PRNewswire/ -- Tynt Technologies, Inc. (Tynt), a Colorado-based dynamic window company that's engineering the first ever blackout dynamic window, announced it has secured $8.5 million in funds through a combination of private financing and federal grants.
  • Ameen,Tynt's co-founder and CEO, is leading the team to new heights, driving development, and scaling up reversible metal electrodeposition (RME) technology.
  • The United States Department of Energy also awarded Tynt $1.5 million under the Buildings Energy Efficiency Frontiers & Innovation Technologies (BENEFIT) grant.
  • These financial resources will enable Tynt to deliver the first blackout dynamic windows in the very near future.

Builders FirstSource Acquires Apollo Software Assets

Retrieved on: 
Thursday, September 9, 2021

DALLAS, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (NYSE: BLDR) (Builders FirstSource or the Company), today announced it acquired Apollo software assets from construction technology startup Katerra in an approximately $4.5 million transaction.

Key Points: 
  • DALLAS, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (NYSE: BLDR) (Builders FirstSource or the Company), today announced it acquired Apollo software assets from construction technology startup Katerra in an approximately $4.5 million transaction.
  • The Apollo software builds upon that foundation, providing features and functionality that will help us streamline the construction process.
  • Builders FirstSource also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other building products.
  • All forward-looking statements are based upon information available to Builders FirstSource, Inc. on the date this release was submitted.

Volumetric Building Companies Receives Bankruptcy Court Approval To Purchase Katerra's Tracy, CA Assets

Retrieved on: 
Wednesday, August 4, 2021
Katerra, VBC

PHILADELPHIA, Aug. 4, 2021 /PRNewswire/ -- Volumetric Building Companies (VBC), announced today that the company has received approval from the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to purchase Katerra, Inc. assets, including the lease and tenant improvement of their state-of-the-art manufacturing facility and offices in Tracy, CA.

Key Points: 
  • PHILADELPHIA, Aug. 4, 2021 /PRNewswire/ -- Volumetric Building Companies (VBC), announced today that the company has received approval from the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to purchase Katerra, Inc. assets, including the lease and tenant improvement of their state-of-the-art manufacturing facility and offices in Tracy, CA.
  • Katerra filed for bankruptcy protection on June 6, 2021 and the transaction is part of a court supervised sale of its assets.
  • The 577,000 square foot Tracy, CA factory, which opened in 2019, is a highly automated production facility designed for the manufacturing of building components, including wall panels, floor systems, roof trusses, windows, cabinets and countertops.
  • Volumetric Building Companies is a volumetric modular business headquartered in Philadelphia, PA that is building the future of housing by integrating technology, architecture, logistics, manufacturing and construction into a single offering to produce multifamily housing solutions in less time at a greater return.

Katerra Announces Recapitalization to Strengthen Balance Sheet and Position Business for Continued Growth

Retrieved on: 
Wednesday, December 30, 2020
Wood, Composite materials, Engineered wood, SoftBank Group, Vodafone, Katerra, Lumber, Kibsgaard, Cross-laminated timber, Companies, Materials

The approved recapitalization will strengthen Katerra's balance sheet by eliminating significant debt and providing $200 million of new funding, principally from SoftBank Vision Fund 1.

Key Points: 
  • The approved recapitalization will strengthen Katerra's balance sheet by eliminating significant debt and providing $200 million of new funding, principally from SoftBank Vision Fund 1.
  • Continued growth of the North American mass timber market, leveraging Katerra's world-class, cross-laminated timber manufacturing, design and installation capabilities.
  • Growth of Katerra's national network of general contracting, renovations, and affiliated design partners, which will support deployment of Katerra's building platforms, as well as traditional construction projects.
  • Mr. Kibsgaard continued, "As we move forward, we remain firmly committed to our vision of transforming construction.

Foundamental co-leads one of Europe's largest Seed rounds of 2020 for 011h, a tech-enabled general contractor

Retrieved on: 
Monday, December 14, 2020
Katerra

The round is among the ten largest Seed rounds in Europe in 2020.

Key Points: 
  • The round is among the ten largest Seed rounds in Europe in 2020.
  • They're innovative, socially responsible and share our vision of 011h as the best opportunity to revolutionize a sector that they know well."
  • Different from earlier companies such as Katerra, who follow an asset-heavy approach, Foundamental observes a shift to asset-light contracting models.
  • Since January 2020, Foundamental estimates that more than $200M of early-stage funding were invested into tech-enabled home-builders.