OpenSpace: Raises Additional US$9M in Funding; Brings Series D Total to US$111M

OpenSpace Raises Additional US$9M in Funding; Brings Series D Total to US$111M

• OpenSpace, a San Francisco, CA-based jobsite capture and AI-powered analytics platform provider, raised US$9M in additional strategic capital for its Series D round, bringing the total raised to US$111M
• Backers included existing investors Taronga Ventures and GreenPoint Partners
• The company intends to use the funds to continue scaling the business and developing additional AI-powered technologies
• The company helps builders, owners, and other stakeholders in the construction and real estate industries save time and money by providing a record of site status over the course of a project
• The system integrates into the standard construction workflow, allowing builders to simply snap an off-the-shelf, consumer 360° camera to their hardhat and walk the site as they normally would