 | |
| Company type | Private |
|---|---|
| Industry | Construction |
| Founded | 2015 |
| Headquarters | Menlo Park, California, United States |
Key people | |
| Revenue | Bankrupt (Under Liquidation)[1] |
Number of employees | 7,500 (2018)[2] |
| Website | katerra |
Katerra was an American technology-driven off-site construction company. It was founded in 2015 by Michael Marks, former CEO of Flextronics and former Tesla interim CEO, along with Fritz Wolff, the executive chairman of The Wolff Co.[3] Katerra was listed on LinkedIn's "Top Startup Companies" to work for in 2017.[4]
In May 2020, it was announced that as a part of an additional $200 million raise, COO and former Schlumberger CEO Paal Kibsgaard would take over from Michael Marks as CEO of Katerra in June. Some of its independent assets in other regions, including the Middle East would continue to exist as independent entity.[5] In June 2021, Katerra announced plans to shut down, laying off remaining employees without paying out earned personal time off or severance.[6]
- ^ [dead link]Dead link
- ^ Carson, Biz. "SoftBank Leads $865M Investment In Katerra, Which Aims To Upend The Construction Industry". Forbes. Retrieved 20 March 2018.
- ^ Kolodny, Lora (24 January 2018). "SoftBank pours $865 million into Katerra, a start-up making buildings in a factory". CNBC. Retrieved 20 March 2018.
- ^ Roth, Daniel (November 1, 2017). "LinkedIn Top Companies | Startups: The 50 industry disruptors you need to know now". LinkedIn.
- ^ "Paal Kibsgaard named CEO". May 2020.
- ^ "SoftBank-Backed Katerra to Shut Down". The Information. Retrieved 2021-06-01.