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Number of employees. 7,500 (2018) [2] Website. katerra .com. 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 ...
- 2015
- Bankrupt (Under Liquidation)
- 7,500 (2018)
- Origin Story
- The Descent
- What Went Wrong
- The Future of Industrial Construction
- GeneratedCaptionsTabForHeroSec
Katerra was founded as a materials and hardware supplier in 2015. Instead of procuring lumber from one vendor, an HVAC system from another, and hardware from another, you could just head to Katerra. The company would manage the supply chain, ship directly from factories, and eliminate the middlemen. Daniel Hall attended an early pitch of Katerra, b...
By the time Katerra filed for bankruptcy, it was not only making design software, air conditioning systems, and windows, but also engaging in general contracting, architectural design, engineering, and project management. It even provided cleaning services. In many ways, its strategy was reminiscent of the 1940s and 1950s Total Design movement—the ...
In the press release announcing its bankruptcy, Katerra blamed its downfall on a range of things: the pandemic, its inability to raise more money, and the “unexpected insolvency” of a former lender (an apparent reference to Greensill, another SoftBank-funded company that Katerra had reliedon for financing and that had itself filed for bankruptcyin ...
Many in the AEC profession will cite Katerra as evidence for why industrial construction will never work—that people have been attempting to assemble buildings in factories for decades, without much success. And if Katerra’s $2 billion couldn’t crack it, what hope does anyone have? But Katerra didn’t fail because it entered the industrial construct...
Katerra was a high-profile AEC startup that tried to streamline building construction through modular design, prefabrication, and supply-chain integration. Learn how it failed to meet its lofty vision, faced challenges from the industry, and what lessons it may offer for the future.
Apr 2, 2014 · Katerra Inc. and its affiliates filed for bankruptcy protection in June 2021 and confirmed a reorganization plan in October 2021. Find case details, documents, dates, claims, and sale information on this web page.
Nov 24, 2021 · The company purchased Katerra’s assets in Tracy, California, including its state-of-the-art manufacturing facility (shown above), for $21.25 million in August. VBC will use the facility to...
- Sebastian Obando
Jun 8, 2021 · Katerra, a construction startup, filed for Chapter 11 bankruptcy in June 2021, after the COVID-19 pandemic, the insolvency of its former lender, and the failed attempts to secure additional capital. The company has ties to Softbank and Greensill Capital, the investment firm that lent hundreds of millions to Katerra. The bankruptcy adds to the controversy surrounding Softbank and Greensill.
KATERRA | LinkedIn. Construction. Menlo Park, CA 154,495 followers. View all 1,472 employees. About us. Smarter building. Better communities. For everyone. Katerra exists to help transform...
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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 conglomerate’s...
