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Katerra was an American technology-driven off-site construction company. It was founded in 2015 by Michael Marks, former CEO of Flextronics and former Tesla interim CEO, along with Fritz Wolff, the executive chairman of The Wolff Co. Katerra was listed on LinkedIn's "Top Startup Companies" to work for in 2017.
Jun 8, 2021 · Katerra, a construction startup backed by SoftBank and Greensill, filed for Chapter 11 bankruptcy in June 2021. The company blamed COVID-19, bonding issues and capital shortage for its financial troubles, but also faced the fallout of Greensill's insolvency.
Jun 1, 2021 · Katerra, a company that aimed to cheaply build properties for real estate developers, has failed after raising more than $2 billion. The company faced financial troubles due to the pandemic and received a $200 million bailout from SoftBank, but it was not enough to save it.
Jun 18, 2021 · The AEC startup failed to streamline building construction with modular design and supply-chain integration. Learn from its history, challenges, and lessons for the industry.
Jun 7, 2021 · Katerra, the US construction start-up backed by SoftBank’s Vision Fund, filed for bankruptcy with more than $1bn in liabilities, becoming the second leading company in the Japanese conglomerate...
Jun 29, 2021 · Venture-backed startup Katerra Inc. aimed to revolutionize the construction business by mastering every element of the trade at once. Instead, its June bankruptcy filing made clear just how ...
Jun 7, 2021 · Construction firm Katerra Inc. filed for bankruptcy protection in the U.S., bookending the implosion of a startup that raised about $2 billion from investors including SoftBank Group Corp.
