Proptech Startup OpenSpace Reaches Valuation of $902 Million


Bloomberg, Jo Constantz, 03/03/2022

  • Penny Pritzker’s PSP Growth leads $102 million funding round
  • Company offers AI technology to simplify job-site imaging

OpenSpace, a startup that develops technology for the construction industry, raised $102 million in a new funding round that the company said gives it a valuation of $902 million.

Penny Pritzker’s PSP Growth led the round, San Francisco-based OpenSpace said. Other participating investors include BlackRock Inc.Alkeon Capital ManagementMenlo Ventures and a unit of commercial real estate brokerage Jones Lang LaSalle Inc.

Read the full article in Bloomberg News: