All sectors / Infra & construction / Katerra
Menlo Park, California, United States
Add a review
Katerra, founded in 2015 by Michael Marks and Fritz Wolff, was a technology-driven off-site construction company that sought to transform the industry by manufacturing large building components, particularly for multi-family housing. The company focused on innovative techniques, including mass timber construction, to reduce costs and improve quality. Katerra received substantial backing, notably an $835 million investment from SoftBank in 2018. However, despite its ambitious plans and a workforce that grew to 7,500, Katerra struggled with operational inefficiencies, a lack of focus, and challenges in adapting to market needs. The COVID-19 pandemic exacerbated these issues, ultimately leading to its bankruptcy filing in June 2021. Katerra's downfall underscores the complexities of integrating technology into traditional construction and serves as a cautionary tale for future ventures in construction technology.
Michael E Marks
Operating since 2015
10000+ Members
Support concious people make more insightful choices
Found any error in information about this organisation?
Are you owner of Katerra?
Similar companies
NevHouse
Brisbane, Queensland, Australia
NevHouse builds sustainable, affordable shelters using recycled plastic and timber for communities in need. Their homes, schools, and clinics are durable, disaster-resistant, and can be assembled quickly. Each structure helps tackle environmental waste while addressing global housing shortages sustainably.
Eco Sustainable Home
Castlemaine, Victoria, Australia
Eco Sustainable is to design homes of timeless beauty and to build unique and sustainable homes that are a pleasure to live in and maintain our commitment to sustainability, integrity, performance, quality, value and client satisfaction.
BFP SERVICE SRL
Lonate Pozzolo, Lombardia, Italy
BFP Service S.r.l. is a trusted provider of engineering and technical solutions, serving diverse industries with precision and efficiency. Specializing in project management, maintenance, and tailored industrial services, BFP Service S.r.l. combines innovation with expertise to ensure optimized operations, cost efficiency, and compliance with the latest industry standards.
A & J Mechanical Inc.
Winnipeg, Manitoba, Canada
A&J Mechanical specializes in professional plumbing and heating services, catering to both commercial and residential clients in Winnipeg. Their experienced team of licensed tradesmen handles new installations, renovations, and repairs with a focus on high-quality service and innovative solutions. The company is committed to delivering reliability and safety in all projects.
