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Katerra was an American technology-driven off-site 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. [3] Katerra was listed on LinkedIn's "Top Startup Companies" to work for in 2017. [4]
Jun 8, 2021 · Construction startup Katerra has filed for Chapter 11 bankruptcy, and the issue only adds to controversy surrounding SoftBank and Greensill.
Jun 18, 2021 · On June 7, the high-profile AEC startup Katerra filed for bankruptcy, having spent more than $2 billion in just over six years. Its insolvency concludes the most well-funded attempt to redefine the architecture and construction industries through modular design, prefabrication, and supply-chain integration.
Nov 24, 2021 · Katerra filed for bankruptcy in June due to delayed projects, construction costs, pandemic-related impacts and an inability to convince developers and contractors to move away from their ...
Oct 13, 2021 · The biggest issue that Katerra never seemed to solve, according to observers, was convincing developers and contractors to move away from their traditional subcontractors.
Case Background. On June 6, 2021, Katerra Inc. and 32 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The cases are pending before the Honorable Christopher ...
Jun 1, 2021 · After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The ...
Jun 29, 2021 · Venture-backed startup Katerra Inc. aimed to revolutionize the construction business by mastering every element of the trade at once. Instead, its June bankruptcy filing made clear just how...
Jun 7, 2021 · Construction firm Katerra Inc. filed for bankruptcy protection in the U.S., bookending the implosion of a startup that raised about $2 billion from investors including SoftBank Group Corp. The...
Jun 7, 2021 · Katerra, the US construction start-up backed by SoftBank’s Vision Fund, filed for bankruptcy with more than $1bn in liabilities, becoming the second leading company in the Japanese...
