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search Markets All MarketsChicagoLos AngelesNationalNew YorkSan FranciscoSouth FloridaTexas News ResidentialDevelopmentCommercialPoliticsTech Magazine Current IssueIssue Archives Events Future CitySouth Florida ForumIndustry Events Podcast + Video Video The Blueprint Coffee Talk Daily Dirt Live TRD Explains Paydirt The REInterview Real Estate Master Classes Podcast Deconstruct Data Partners Brand StudioSponsoredAdvertiseAppliances Other About UsContact UsNewslettersPrivacy PolicySubscribeCorporate SubscriptionsAdvertiseHelp CenterCareersShop Markets All MarketsChicagoLos AngelesNationalNew YorkSan FranciscoSouth FloridaTexas News ResidentialDevelopmentCommercialPoliticsTech Magazine Current IssueIssue Archives Events Future CitySouth Florida ForumIndustry Events Podcast + Video Video The Blueprint Coffee Talk Daily Dirt Live TRD Explains Paydirt The REInterview Real Estate Master Classes Podcast Deconstruct Data Partners Brand StudioSponsoredAdvertiseAppliances All Markets TexasNationalChicagoSan FranciscoSouth FloridaNew YorkLos Angeles Sectors TechPoliticsDevelopment Sign inSubscribe Subscribe TRENDING Sol Goldman heirs spill secrets in fight over $2B portfolioGalleria Fort Lauderdale mall hits market, brokers expect it sell “above $100M”Brookfield’s oceanfront Ritz-Carlton Key Biscayne marketed for saleIsaac Hager buys distressed Crown Heights office building Popular National A * CONSTRUCTION SITE MAPPING STARTUP RAISES $14M FROM JLL, WEWORK Other big names including Tishman Speyer, Suffolk Construction are investors Open Space CEO Jeevan Kalanithi (Credit: LinkedIn and iStock) Aug 14, 2019, 7:55 AM By * Kathryn Brenzel Save article SHARE THIS ARTICLE * * * * * FONT SIZE AAA A startup that maps construction sites raised $14 million on Tuesday, marking the latest infusion of capital into construction-technology companies by major players in the industry. OpenSpace, which creates 360-degree photo representations of job sites using artificial intelligence, raised $14 million in Series A funding, the company announced on Tuesday. Lux Capital led the round, joined by Goldcrest Capital, as well as new investors JLL Spark, Navitas Capital, Suffolk Construction, Tishman Speyer, WeWork and Zigg Capital. The company, which launched in 2017, has an algorithm that combines images of a construction site, which are taken by cameras affixed to workers’ hardhats. Developers can then navigate through 360-degree recreations of their construction sites. Similar construction site monitoring companies, like OnsiteIQ and AirWorks, have sprung up over the past few years as interest in construction technology has ballooned. SIGN UP FOR THE NATIONAL WEEKLY NEWSLETTER SIGN UP By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. According to the Wall Street Journal, roughly $6.1 billion was invested in the construction-tech sector last year, nearly double that of 2017. Also on Tuesday, San Francisco-based Brick & Mortar Ventures announced that it has launched a $100 million fund to invest in construction tech. The fund will focus on Series A financing. Tishman Speyer piloted OpenSpace at its 392-unit condo tower, MIRA, in San Francisco. The developer has since enlisted the company to document progress at the Spiral, a 1,005-foot-tall office tower near Hudson Yards. Last year, JLL launched a $100 million fund dedicated to real estate technology, dubbed JLL Spark. OpenSpace marks JLL Spark’s 13th proptech investment since launch. TAGS Proptech Top stories All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * New York Sol Goldman heirs spill secrets in fight over $2B portfolio * South Florida Galleria Fort Lauderdale mall hits market, brokers expect it sell “above $100M” * South Florida Brookfield’s oceanfront Ritz-Carlton Key Biscayne marketed for sale * New York Isaac Hager buys distressed Crown Heights office building Recommended All Markets * All Markets * Chicago * Los Angeles * National * New York * San Francisco * South Florida * Texas * Three Nails Ranch Southwest of Fort Worth Hits Market * Larry Silverstein Says He Might Never See Queens Megaproject * Trammell Crow Scores Fulton Labs Expansion with Belay * Midway Plans Office Building in Houston’s CityCentre * $150M Listing Lifts Manhattan Beach to Top of Luxury Market Top stories delivered to your inbox Featured Commercial Residential Celebrity El Real Deal Weekly National Chicago Hamptons Los Angeles New York San Francisco Tri-state Texas South Florida Daily Chicago Los Angeles New York San Francisco South Florida Texas VIEW ALL NEWSLETTERS SIGN UP * About us * Contact us * Privacy policy * Terms and Conditions * Subscribe * Corporate Subscriptions * Advertise * Help center * Careers * Shop All rights reserved © 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. 450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 * * * * * *