OpenSpace

Overview
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Construction Tech?
Product stageSegments
Expansion
?
Data Capture and Analytics
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OpenSpace is a technology company focused on enhancing efficiency and reducing risk in the construction industry. The company's primary offering is a reality capture and documentation platform for construction sites. OpenSpace's system allows users to capture site imagery by simply attaching a camera to themselves and walking through the site. The OpenSpace Vision Engine then automatically maps these photos to project plans, providing a complete visual record of the site. This process is notably fast, with images available for viewing in approximately 15 minutes. The platform offers a comprehensive as-built record of construction projects from preconstruction to handover and operation.

The company's technology enables construction firms, specialty contractors, and property owners to maintain a real-time visual record of their jobsites. This documentation helps teams stay updated on progress, verify completed work, improve coordination, and mitigate risks. OpenSpace's platform includes features such as BIM Compare, Split View, OpenSpace BIM+, and OpenSpace Track. The Field Notes feature facilitates communication about changes, quality assurance and control documentation, and streamlines processes like punch lists and RFIs. OpenSpace's technology is designed to integrate with existing project management software, offering seamless workflows for users. The company also partners with insurance carriers to offer lower-cost policies to its clients, leveraging the risk reduction benefits of its platform.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
333 Kearny St. Floor 4 San Francisco CA USA
Founded year:
2017
Employees:
101-250
IPO status:
Private
Total funding:
USD 200.4 mn
Last Funding:
USD 9.0 mn (Series D; Aug 2022)
Last valuation:
USD 902.0 mn (Mar 2022)
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