Katerra


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Katerra CEO Paal Kibsgaard (Getty)

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...

Construction startup Katerra lays off 400+ employees
Katerra CEO Michael Marks (right) is stepping down, and COO Paal Kibsgaard is taking his place. (Credit: Sergey Mihailicenko/Anadolu Agency/Getty Images; SAM YEH/AFP via Getty Images)

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...

Katerra CEO steps down from construction startup
Katerra CEO Michael Marks and one of the company's prefabrication homes in Saudi Arabia (Credit: YouTube, iStock) 

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...

Katerra signs $650M contract with Saudi Arabia to build 8,000 homes
(Illustration by Tim Peacock)

Warped lumber, failed projects: TRD investigates Katerra, SoftBank’s $4B construction startup

In an email to employees last week, Katerra CEO Michael Marks had a few uplifting thoughts on the year gone by. His startup, which...

Warped lumber, failed projects: TRD investigates Katerra, SoftBank’s $4B construction startup
(Illustration by Tim Peacock)

Warped lumber, failed projects: TRD investigates Katerra, SoftBank’s $4B construction startup

In an email to employees last week, Katerra CEO Michael Marks had a few uplifting thoughts on the year gone by. His startup, which...

Warped lumber, failed projects: TRD investigates Katerra, SoftBank’s $4B construction startup
Katerra CEO Michael Marks and its factory in Pheonix, Arizona (Credit: Katerra, Google Maps)

Construction startup Katerra closing Phoenix factory

Katerra, a Silicon Valley startup backed by SoftBank, has closed a large factory in Phoenix, weeks after one of...

Construction startup Katerra closing Phoenix factory
Fritz Wolff (Credit: Katerra)

SoftBank-backed Katerra co-founder leaves company’s board

One of Katerra’s co-founders and board members has quietly left the construction tech startup amid reports of layoffs and...

SoftBank-backed Katerra co-founder leaves company’s board

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