StageSeries D - II | Alive
Last Raised$9M | 10 mos ago
Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+10 points in the past 30 days
OpenSpace uses patented artificial intelligence to automatically create navigable, 360-degree representations of any physical space. Builders attach a small camera to their hardhats and walk through a site as normal, with OpenSpace passively capturing imagery in the background and it creates a visual representation of the site similar in style to Google Street View. The company was founded in 2016 and is based in San Francisco, California.
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ESPs containing OpenSpace
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The virtual property appraisals market utilizes technology to conduct property appraisals remotely, eliminating the need for in-person visits. This market offers solutions that leverage tools such as virtual tours, satellite imagery, and data analysis to assess the value and condition of properties. By engaging in the virtual property appraisals market, businesses can benefit from increased effici…
OpenSpace named as Leader among 12 other companies, including Betterview, Zesty AI, and Cape Analytics.
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Research containing OpenSpace
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CB Insights Intelligence Analysts have mentioned OpenSpace in 9 CB Insights research briefs, most recently on Apr 6, 2022.
Sep 21, 2020Construction Business Model Spotlight: Procore
Expert Collections containing OpenSpace
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OpenSpace is included in 4 Expert Collections, including Construction Tech.
Companies using technology to improve processes in the construction industry.
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Winners of CB Insights' 5th annual AI 100, a list of the 100 most promising private AI companies in the world.
Job Site Tech
Companies offering tech solutions for the future of the job site for industries like construction, mining, discrete and process manufacturing, oil & gas, forestry, and more
Latest OpenSpace News
Jun 1, 2023
News provided by Share this article Companies Partner to Enhance Field-to-Office BIM Collaboration Through Integrated Platforms SAN FRANCISCO, June 1, 2023 /PRNewswire/ -- OpenSpace , the global leader in 360° reality capture and AI-powered analytics, announced today a new strategic relationship with Revizto , the industry-leading Integrated Collaboration Platform (ICP), to promote greater transparency and coordination in the construction industry. Both companies are dedicated to unlocking the potential of BIM on construction sites and improving the exchange of information between VDC (Virtual Design and Construction) and field teams. While BIM has gained widespread adoption among design and engineering professionals, its utilization in the field has been limited. According to the report " Accelerating Digital Transformation Through BIM " by Dodge Construction Network (2021), contractors using BIM have witnessed significant improvements in quality, health and safety, cost control, schedule control, and overall business results. However, only 44% of general contractors, 35% of specialty trade contractors, and 33% of owners have integrated BIM into their practices, indicating a gap between office and field teams. On the other hand, reality capture technology is becoming widely embraced on construction sites. To bridge this gap, OpenSpace has made substantial investments in its reality capture platform and BIM capabilities. The technology aims to simplify BIM visualization and make it actionable in the field, strengthening coordination between office and field teams. The company has already observed a 27% increase in users that utilize BIM, indicating a strong interest in combining BIM and reality capture in the field. Revizto, alongside other leading construction solution providers, is collaborating with OpenSpace to deliver integrated workflows to their mutual customers. "Through our collaboration with Revizto, we can prioritize the interests of both VDC and field teams," said OpenSpace CEO Jeevan Kalanithi. "By streamlining workflows, we can enhance coordination, save valuable time on a daily basis, accelerate project completion, and enable VDC managers and field teams to be more efficient so they can focus on what they do best." "With OpenSpace, field teams can effortlessly capture current site conditions, compare it to BIM models, and explore their sites as easily as using Google Street View," said Arman Gukasyan, Founder and CEO of Revizto. "When combined with our platform, the power to break down data silos and facilitate seamless collaboration among projects teams will be easier than ever to achieve. We're just getting started." Further details on the Revizto and OpenSpace collaboration will be unveiled at Waypoint, OpenSpace's virtual customer summit, on June 8, 2023. The event will feature sessions with customers, industry leaders, and innovators sharing insights, best practices, and exciting product announcements under the theme of "Simple & Fast Coordination: Connecting Field & VDC through Reality Capture." For more information and registration, please visit our event page . About Revizto Revizto is the leading Integrated Collaboration Platform used by professionals from across the Architecture, Engineering, Construction, and Operation/Owners (AECO) industry to streamline workflows and communication with all stakeholders in a unified environment throughout the project lifecycle. The Revizto platform is intuitive, adaptable, and fully functional from any device. About OpenSpace OpenSpace , the global leader in reality capture and AI-powered analytics, empowers construction and real estate companies of every size to create an interactive 360° digital view of their built environment. Customers have used OpenSpace to operate more efficiently and reduce risk, capturing more than 17 billion square feet of imagery from construction projects across thousands of sites in more than 93 countries. To learn more, visit www.openspace.ai and follow us on LinkedIn . Contact:
OpenSpace Frequently Asked Questions (FAQ)
When was OpenSpace founded?
OpenSpace was founded in 2016.
Where is OpenSpace's headquarters?
OpenSpace's headquarters is located at 333 Kearny St, San Francisco.
What is OpenSpace's latest funding round?
OpenSpace's latest funding round is Series D - II.
How much did OpenSpace raise?
OpenSpace raised a total of $199.58M.
Who are the investors of OpenSpace?
Investors of OpenSpace include Menlo Ventures, Alkeon Capital Management, JLL, BlackRock, PSP Growth and 25 more.
Who are OpenSpace's competitors?
Competitors of OpenSpace include StructionSite and 8 more.
Compare OpenSpace to Competitors
Buildots builds data-driven construction sites by using hardhat-mounted cameras to capture every detail of a construction site. The data is then analyzed using AI models to transform random, visual data into information that is correlated with the project's designs and schedule. The company was founded in 2018 and is based in Tel Aviv, Israel.
HoloBuilder provides a construction management platform. The company offers reality-capturing solutions for progress documentation and construction project management. It enables constructors, engineers, and clients to virtually visit a site anytime. It was formerly known as Bitstars. The company was founded in 2016 and is based in Lake Mary, Florida. On June 2021, HoloBuilder was acquired by Faro Technologies .
SiteAware is a provider of Digital Construction Verification (DCV) solutions to minimize risk exposure in construction and increase productivity across diverse projects. SiteAware’s turnkey DCV solution for the building’s structure, shell, and interior works in the background during construction and requires no maintenance, training, or operation by the end user.
OnSiteIQ is an online platform to allow construction companies to inspect a site through 360-degree imagery to track progress and perform safety analysis. It offers floorplan mapping, monitoring and reporting, verification, and more. It was founded in 2017 and is based in New York, New York.
Nodes & Links provides project delivery solutions. The company maintains project performance by building intelligent platforms to enable project delivery. It was founded in 2018 and is based in Cambridge, United Kingdom.
SWAPP offers a platform that provides architecture firms with AI-generated construction documents. Its platform helps modernize real estate development by simplifying the slow and fragmented planning process, allowing developers to create a full set of architectural plans within weeks. The company was founded in 2019 and is based in Tel Aviv, Israel.
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