Katerra is the third construction-related company to make it into the unicorn club.
Construction is an industry that’s been late to digitize, but the increasing penetration of software into construction has led to the emergence of several unicorns in the category.
Katerra, a fully integrated construction tech player is the third construction-related company to make it into the unicorn club. The company takes a vertically-integrated approach and brings all residential construction services in-house to reduce the complexity of contractor relationships and associated costs (the company describes itself as a “technology company” on its website). Much of the construction is done in a pre-fab fashion. Developers simply come to Katerra and the firm designs all their buildings and pre-assembles many of the homes’ elements in its large factory.