OpenSpace is a technology company.
OpenSpace has raised $188.0M across 5 funding rounds.
OpenSpace has raised $188.0M in total across 5 funding rounds.
OpenSpace has raised $188.0M in total across 5 funding rounds.
OpenSpace's investors include Accel, Arrive, Better Tomorrow Ventures, Bond, Construct Capital, Emergence Capital, Forgepoint Capital, Franklin Templeton Investments, Inspired Capital, Locus Ventures, Lux Capital, One Planet Group.
OpenSpace is a San Francisco-based construction technology company founded in 2017 that builds a Visual Intelligence Platform for capturing and analyzing jobsite reality data.[1][2][4] It serves construction and real estate companies by turning 360° photos, videos, drone imagery, and laser scans into actionable insights for progress tracking, decision-making, and workflow integration with tools like Procore and BIM models.[1][3][4] The platform solves core problems in construction—such as disconnected systems, lack of real-time jobsite visibility, and reliance on intuition—by providing a centralized view of project progress across 52 billion square feet captured, 371K users, and 129 countries.[1][4] With 190+ employees and AI-powered features like automated mapping and voice annotations, OpenSpace drives growth through field-first adoption and expanding data capture to over 60 billion square feet.[1][2]
OpenSpace was founded in 2017 in San Francisco by CEO Jeevan Kalanithi and a team focused on addressing construction's need for real-time visual documentation.[1][2] The idea emerged from recognizing the jobsite as construction's most underutilized source of insight, leading to the invention of automated 360° video capture and mapping as the fastest, simplest tool for the industry.[3] Early traction built on this innovation, with rapid adoption by builders worldwide; pivotal moments include launching OpenSpace Air to centralize drone and reality data, enabling executives to track progress on massive scales like 40+ billion square feet, and integrations that reduced tech stack complexity.[2][4]
OpenSpace stands out in the construction tech space through these key strengths:
OpenSpace rides the construction digitization trend, fueled by AI, reality capture, and proptech demands for efficiency amid labor shortages, rising costs, and complex projects.[1][2][4] Timing aligns with post-pandemic supply chain disruptions and BIM adoption, where visual data bridges field reality to digital twins, reducing risks like delays and rework that plague 30-50% of projects industry-wide.[2] Market forces favoring OpenSpace include drone proliferation and AI analytics growth, positioning it ahead of competitors like Buildots (progress prediction) or HoloBuilder (collaboration tools) through superior field integration and scale.[2] It influences the ecosystem by standardizing jobsite intelligence, enabling builders to shift from reactive to predictive management and fostering a connected industry.[1][4]
OpenSpace is poised to dominate visual intelligence in construction as AI refines its platform for autonomous planning and 4D analytics, potentially expanding into predictive maintenance and AR overlays.[1][2][4] Trends like drone data explosion and regulatory pushes for digital documentation will accelerate adoption, with OpenSpace's 60+ billion square feet of data creating a moat for smarter workflows.[1][2] Its influence may evolve into an industry operating system, empowering builders to deliver projects faster and at lower cost, turning the "bold future of building" from vision to standard.[1]
OpenSpace has raised $188.0M across 5 funding rounds. Most recently, it raised $100.0M Series D in March 2022.