Katerra

Katerra, founded in 2015 by Michael Marks, has raised $2.14B across multiple Series D tranches (2018–2020), supported by SoftBank Vision Fund, CPP Investments, Foxconn, and other strategic backers. The Menlo Park–based company combined prefabricated building systems, software (Apollo), and vertically integrated supply chains to reduce construction time and costs. Funding fueled factory buildout, modular product development, software and design tools, and geographic expansion. Katerra targeted multifamily, hospitality, and commercial projects, aiming to industrialize construction and improve project efficiency, schedule adherence, and cost control.