About OpenSpace
OpenSpace is a company based in San Francisco (United States) founded in 2017 by Jeevan Kalanithi, Philip DeCamp, and Michael Fleischman. It operates as a SaaS (Software-as-a-Service). OpenSpace has raised $198.7 million across 7 funding rounds from investors including WeWork, Mirae Asset and Wellfound. OpenSpace offers products and services including OpenSpace Capture, OpenSpace Air, OpenSpace BIM+, and OpenSpace Progress Tracking. OpenSpace operates in a competitive market with competitors including CompanyCam, Disperse, OnSiteIQ, PassiveLogic and CINTOO, among others.
- Headquarter San Francisco, United States
- Founders Jeevan Kalanithi, Philip DeCamp, Michael Fleischman
- Stage Soonicorn
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Sectors
Real Estate & ConstructionTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Open Space Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$198.7 M (USD)
in 7 rounds
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Latest Funding Round
$9 M (USD), Series D
Aug 09, 2022
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Investors
WeWork
& 28 more
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Employee Count
Employee Count
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Products & Services of OpenSpace
OpenSpace offers a comprehensive portfolio of products and services, including OpenSpace Capture, OpenSpace Air, OpenSpace BIM+, and OpenSpace Progress Tracking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A complete visual record of projects is provided.
Drone imagery is managed with this all-in-one tool.
Daily field tasks are simplified with 3D tools.
Clear project progress is ensured with reliable solutions.
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Funding Insights of OpenSpace
OpenSpace has successfully raised a total of $198.7M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $9 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $9.0M
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First Round
First Round
(01 Sep 2017)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series D - OpenSpace | Valuation | Taronga Ventures , Green Per Square Foot |
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| Mar, 2022 | Amount | Series D - OpenSpace | Valuation | PSP Partners | |
| Apr, 2021 | Amount | Series C - OpenSpace | Valuation | Alkeon Capital Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenSpace
OpenSpace has secured backing from 29 investors, including venture fund and institutional investors. Prominent investors backing the company include WeWork, Mirae Asset and Wellfound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Taronga Group is engaged in technology and real asset investments.
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Founded Year | Domain | Location | |
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Diversified investment firm
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Founded Year | Domain | Location | |
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Tech startups are funded by Alpaca venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenSpace
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OpenSpace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openspace Comparisons
Competitors of OpenSpace
OpenSpace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CompanyCam, Disperse, OnSiteIQ, PassiveLogic and CINTOO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based AR-enabled photo collaboration for field services is provided.
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| domain | founded_year | HQ Location |
AI-based solutions for monitoring and tracking construction sites are provided.
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| domain | founded_year | HQ Location |
AI and SaaS-based visual documentation is provided for construction projects.
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| domain | founded_year | HQ Location |
Digital-twin solutions are provided for managing construction project lifecycles.
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| domain | founded_year | HQ Location |
SaaS-driven digital twins for construction project management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Openspace
Frequently Asked Questions about OpenSpace
When was OpenSpace founded?
OpenSpace was founded in 2017.
Where is OpenSpace located?
OpenSpace is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of OpenSpace?
Jeevan Kalanithi is the current CEO of OpenSpace. They have also founded this company.
Is OpenSpace a funded company?
OpenSpace is a funded company, having raised a total of $198.7M across 7 funding rounds to date. The company's 1st funding round was a Series C of $55M, raised on Sep 01, 2017.
What does OpenSpace do?
OpenSpace is established as a Visual Intelligence Platform tailored for the construction industry. Solutions are provided for builders, general contractors, trades, and owners to enhance project clarity and efficiency. Real-time insights from the field are delivered through products like OpenSpace Capture, Air, BIM, and Progress Tracking. Integration with existing tools is supported to streamline workflows. The platform is utilized globally, capturing extensive project data across multiple countries. AI-powered workflows are continuously improved to offer actionable intelligence for jobsite management.
Who are the top competitors of OpenSpace?
OpenSpace's top competitors include CompanyCam, PassiveLogic and Disperse.
What products or services does OpenSpace offer?
OpenSpace offers OpenSpace Capture, OpenSpace Air, OpenSpace BIM+, and OpenSpace Progress Tracking.
Who are OpenSpace's investors?
OpenSpace has 29 investors. Key investors include WeWork, Mirae Asset, Wellfound, BlackRock, and Tishman Speyer.
What is OpenSpace's valuation?
The valuation of OpenSpace is $902M as of Mar 2022.
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