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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 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 1, 2021 · After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The ...
Oct 13, 2021 · Katerra, a startup that aimed to revolutionize construction with vertical integration and mass manufacturing, failed to convince developers and builders to change their ways. The company spent billions of investor money, acquired several firms, and faced challenges from COVID-19 and Greensill's insolvency.
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 ...
