Katerra bosses sunk company with “self-dealing”: Lawsuit
While Katerra floundered, its executives diverted the firm’s business to their other companies and used its funds for private...
While Katerra floundered, its executives diverted the firm’s business to their other companies and used its funds for private...
Success in the rapidly expanding field of construction technology appears to hinge on dreaming big. Just not too big....
Reports surfaced June 1 that construction startup Katerra was shutting down its U.S. operations. Three days later, mass layoffs...
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...
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...
Last week, “rumblings” from Katerra workers on a project site in Jersey City reached developer Paul Silverman. He then...
Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global construction industry,...
Once bitten, twice shy? Not so for Japanese investment firm SoftBank, which despite its ill-fated bet on WeWork has...
SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal Kibsgaard stepped...
Katerra CEO and co-founder Michael Marks is stepping down from the Softbank-backed construction startup to work full-time as managing...