OpenSpace: Disrupting Construction with Innovative AI-powered Technology
About OpenSpace
OpenSpace is a ground-breaking startup aimed at revolutionizing the construction sector with advanced reality capture and site capture technology. Often referred to as the 'telemedicine of the construction industry', OpenSpace's unique solutions work to optimize field-office collaboration, transforming the ways in which construction projects are managed and monitored.
OpenSpace’s Revolutionary PitchDeck
In their Series A pitch deck, OpenSpace successfully secured $15 million from leading venture capital firm, Menlo Ventures among others. This 24-page deck efficiently highlights OpenSpace's unique value proposition. It further emphasizes the company's commitment to providing technologically advanced solutions for general contractors while ensuring top-notch tech security. Detailed insights into the benefits catered to the trades and owners make up an important part of the presentation.
Why Did Investors Believe in OpenSpace?
Investors' faith in OpenSpace is rooted in its cutting-edge technology and the promises it holds for the evolving construction domain. The pitch deck effectively underscored how AI-powered analytics coupled with reality capture technology can provide builders with comprehensive, as-built records of the building from preconstruction phases to operations. This empowers construction teams to fully grasp their jobsite dynamics, enabling them to take proactive steps for smoother project execution. Purely based on the innovation it has introduced and the impressive funding it has bagged, OpenSpace is all set to make significant strides in the construction industry in the upcoming years.
