National Issue
You’ve built it. Now will they come? Inside construction tech’s struggle
Success in the rapidly expanding field of construction technology appears to hinge on dreaming big. Just not too big....
Katerra
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National
Katerra employees fire back with lawsuit over abrupt closure
Reports surfaced June 1 that construction startup Katerra was shutting down its U.S. operations. Three days later, mass layoffs...
National
Inside Katerra’s final days
Katerra’s cash position was “perilous.” Its biggest backer, SoftBank, bailed out the construction startup with a $200 million investment in December. Three months later, Katerra’s primary lender, Greensill Capital, became insolvent, sending the startup’s...
National
Katerra files for bankruptcy
Even after shedding hundreds of millions of dollars in debt late last year and receiving a $200 million bailout, Katerra has resorted to bankruptcy in its struggle to survive. The company filed for protection...
National
What Katerra’s shutdown means for clients, subsidiaries
Last week, “rumblings” from Katerra workers on a project site in Jersey City reached developer Paul Silverman. He then...
National
Troubled construction startup Katerra will shut down: report
Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global construction industry,...
National
SoftBank bails out Katerra with $200M cash injection
Once bitten, twice shy? Not so for Japanese investment firm SoftBank, which despite its ill-fated bet on WeWork has...
National
Construction startup Katerra lays off 400+ employees
SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal Kibsgaard stepped...
National
Katerra CEO steps down from construction startup
Katerra CEO and co-founder Michael Marks is stepping down from the Softbank-backed construction startup to work full-time as managing...
National
Katerra signs $650M contract with Saudi Arabia to build 8,000 homes
A SoftBank-backed construction startup that has faced questions about its ability to deliver projects in the U.S., just secured...