OpenSpace Secures $198M Investment to Revolutionize Construction with AI & Reality Capture Technologies

OpenSpace, the global leader in reality capture and AI-powered analytics for builders of all sizes, has successfully raised $198,000,000 in its latest funding round. This significant capital infusion is a strong vote of confidence from investors who recognize the transformative impact OpenSpace has on the construction industry. With a user base that exceeds 275,000 professionals across 94 countries, OpenSpace has proven its ability to revolutionize the way construction projects are managed—from verifying work-in-place to simplifying dispute resolution, all while keeping teams accountable. The company’s cutting-edge AI-powered computer vision and analytics tools enable project managers to automatically compare Building Information Modeling (BIM) to as-built models, track progress in real-time, and adhere to aggressive schedules with greater accuracy. The newly secured funds will be strategically invested to further enhance OpenSpace’s industry-leading platform. Key priorities include expanding development of advanced analytics capabilities and improving the AI algorithms that power its reality capture technology. Additionally, the funding will accelerate global expansion efforts, improve customer support, and foster stronger collaborations with construction teams worldwide. By streamlining workflows and promoting better communication, smarter resource allocation, and faster decision-making, OpenSpace is well-positioned to address the growing complexity of modern construction projects. This announcement not only marks a pivotal milestone in the company’s growth trajectory but also reinforces its commitment to innovation and excellence in an evolving industry. Building a more connected, efficient, and digitally transformed construction landscape remains at the forefront of OpenSpace’s vision, as it continues to empower teams to get the job done better and faster.