Katerra

Katerra
Industry Construction
Founded 2015
Headquarters Menlo Park, California, United States
Number of employees
 1,500[1]

Katerra is a technology-driven offsite 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.[2] It has raised $1.1 billion USD in venture capital investments and has more than $1 billion USD in project backlog.[2] Katerra was listed on LinkedIn's "Top Startup Companies" to work for in 2017 .

Operations

The company was founded in 2015. In January 2018, Katerra took a $835 million USD investment from Softbank.[1] The investment was made from the Vision Fund.[2]

The company manufactures large building components off-site, particularly for multi-family housing. For example, the company may fabricate an entire wall (including windows) off-site for final assembly at a construction site. The technique allows lower cost and the company claims higher-quality finishes.[1]

Katerra is known for its use of mass timber construction and its manufacture of mass timber products such as glued laminated timber and cross-laminated timber.[3][4] In support of this specialty, Katerra purchased Michael Green Associates in 2018, the leading architectural firm in the field of tall wood buildings.[5] In many of its projects, the company serves as off-site manufacturer, architect, and on-site contractor.[6] It generally contracts directly with owners.[7]

The company has projects ongoing in several states; as of the end of 2017 it has 11 projects underway and 33 in backlog.[1] It plans to build up to 14 distribution centers across the country.[8]

References

  1. 1 2 3 4 Carson, Biz. "SoftBank Leads $865M Investment In Katerra, Which Aims To Upend The Construction Industry". Retrieved 20 March 2018.
  2. 1 2 3 Kolodny, Lora (24 January 2018). "SoftBank pours $865 million into Katerra, a start-up making buildings in a factory". Retrieved 20 March 2018.
  3. ↑ "Katerra plans major US factory expansion". Retrieved 20 March 2018.
  4. ↑ billesler (19 March 2018). "Mass timber construction okayed for Washington State building codes". Retrieved 20 March 2018.
  5. ↑ Kitai, David (30 May 2018). "A Silicon Valley Company Just Bought One of Vancouver's Most Esteemed Architecture Firms". Vancouver Magazine. Retrieved 31 May 2018.
  6. ↑ "Katerra to build giant new CLT factory in Spokane, Washington". Retrieved 20 March 2018.
  7. ↑ "Construction tech, offsite startup Katerra raises $130M". Retrieved 20 March 2018.
  8. ↑ "Your Next Big Competitor? Get to Know Katerra".

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