Paal Kibsgaard is the founder of Katerra. Katerra has raised $2B in total funding. Backed by SoftBank. Based in Fremont, California.
Paal Kibsgaard served as CEO of Katerra, a technology-driven construction startup founded in 2015. The company aimed to vertically integrate the construction industry, offering project management, prefabricated building components, and off-site manufacturing. Katerra raised over $2 billion from investors, including SoftBank Vision Fund, but faced significant financial challenges and filed for bankruptcy in June 2021.
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