OpenSpace Valuation, Funding & Investors
OpenSpace is valued at $913M as of August 2022.
Last OpenSpace valuation
$913M
Series D · Aug 2022
Last OpenSpace funding round
$9M
Series D · Aug 2022
Cumulative funding OpenSpace raised
$200M
across 6 funding rounds
Key investors in OpenSpace
Lux Capital
Navitas Capital
JLL Spark
Zigg Capital
Menlo Ventures
Nine Four Ventures
About OpenSpace
OpenSpace is a San Francisco-headquartered construction technology firm offering automated 360-degree video capture and mapping software. Founded in 2017, it documents job sites by stitching images to project plans every half-second, aiding progress tracking and collaboration.
Founded
2017
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$913M (Aug 2022)
OpenSpace Valuation
OpenSpace is currently valued at $913M, based on its Series D in August 2022.
The $9M round was led by GreenPoint Partners and Taronga Ventures.
OpenSpace's valuation has grown 1.0x from $902M at its Series D in March 2022 to $913M in August 2022, across 2 priced rounds.
OpenSpace valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2022 | Series D | $913M |
| Mar 2022 | Series D | $902M |
OpenSpace Funding History
OpenSpace has raised a total of $200M across 6 funding rounds.
OpenSpace's first fundraising round was a $4M seed round in September 2017. The most recent completed round was a $9M Series D in August 2022.
OpenSpace funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2022 | Series D | GreenPoint Partners (lead); Taronga Ventures (lead) | $9M | $913M | OpenSpace is a San Francisco-based AI technology company founded in 2017 that provides 360° jobsite capture, computer vision, and AI-powered analytics to bring transparency to construction, including reality capture products like Capture and Progress Tracking, 3D scans from LiDAR-powered devices, and ClearSight AI trackers for quantifying materials and progress. The company serves builders, real estate professionals, and other stakeholders, with customers using the platform on over 14,000 jobsites covering more than 10 billion square feet of imagery as of August 2022. On August 9, 2022, OpenSpace announced an additional $9 million in Series D funding from existing investors Taronga Ventures and GreenPoint Partners, extending the round to a total of $111 million. This followed an earlier $102 million Series D tranche led by PSP Growth with participation from BlackRock, Alpaca VC, Fischer Homes, Harmonic Growth Partners, Mirae Asset, Sino Group, and existing investors including Alkeon Capital Management, JLL Spark, Lux Capital, Menlo Ventures, Navitas Capital, and Nine Four Ventures. The full Series D achieved a post-money valuation of $912.78 million with a price per share of $8.89. The funding supports scaling the business, developing AI technologies, expanding into markets like APAC and the Middle East, and exploring use cases such as insurance claims processing. OpenSpace demonstrates strong market position amid economic challenges, with 54% of builders in a company survey planning to adopt technology for optimization. Canada’s Public Sector Pension Investment Board (PSP Investments) and Ivanhoé Cambridge co-invested via GreenPoint Partners’ Technology Fund I. |
| Mar 2022 | Series D | PSP Growth (lead) | $102M | $902M | OpenSpace, a San Francisco-based construction technology company founded in 2017, provides 360-degree jobsite capture and AI-powered analytics to create visual records of construction progress, including tools like ClearSight for progress tracking and digital floor plans from uploaded videos. The platform serves builders globally, with customers capturing over seven billion square feet of imagery across thousands of sites in more than 75 countries and seven continents, including projects in Antarctica. It has been used on over 10,000 job sites, managing more than 500 projects in the prior month. On March 2, 2022, OpenSpace announced a $102 million Series D funding round led by PSP Growth, the venture and growth equity arm of PSP Partners owned by Penny Pritzker, bringing total investment in the past year to $157 million following a prior $55 million Series C. New investors included BlackRock, Alpaca VC, Fischer Homes, Harmonic Growth Partners, Mirae Asset, and Sino Group, alongside existing backers like Alkeon Capital Management, GreenPoint Partners, JLL Spark, Lux Capital, Menlo Ventures, Navitas Capital, Nine Four Ventures, and Taronga Ventures. The round valued the company at a post-money $902 million, nearing unicorn status. Proceeds will scale the business, expand product offerings such as OpenSpace Basic (freemium), 3D Scan with LiDAR-enabled devices, and further AI technologies, while growing the international footprint and team, with a dozen remote tech roles open. OpenSpace reported revenues doubling or tripling annually since inception, customer base up 150% and usage up 300% in 2020, positioning it as a leader in proptech for construction amid rising AI adoption in the industry. |
| Apr 2021 | Series C | Alkeon Capital (lead); JLL Spark; Menlo Ventures; New World Dev Co; Lux Capital; Zigg Capital; PSP Capital Partners; Navitas Capital; GreenPoint Partners | $55M | - | OpenSpace is a San Francisco-based construction technology company providing 360° photo documentation and AI-powered analytics to track construction site progress remotely. Its platform uses cameras attached to hard hats to capture continuous video, which AI processes into interactive timelines for contractors, architects, and developers. The company launched in 2016 and focuses on automating manual documentation processes in the construction industry. On April 28, 2021, OpenSpace raised $55 million in a Series C funding round led by Alkeon Capital Management, with participation from new investors PSP Partners (run by Penny Pritzker), GreenPoint Partners, and New World Development, alongside existing investors Lux Capital, Menlo Ventures, JLL Spark, Navitas Capital, and Zigg Capital. This brought total funding to $88 million following a $16 million Series B in July 2020. Funds were allocated to expand the OpenSpace Track analytics suite, accelerate international growth, boost sales and marketing, and enhance computer vision for larger projects. Around the round, OpenSpace reported 150% customer growth in 2020 and 300% increase in usage, indicating strong pandemic-driven demand for remote monitoring. The company had notable customer-investors like JLL, WeWork, Tishman Speyer, and Suffolk Construction from prior rounds. Subsequent rounds included a $102 million Series D in March 2022 at $902 million valuation led by PSP Growth with Alkeon, BlackRock, JLL, and Menlo Ventures, plus a $9 million Series D-II in 2022, bringing total funding over $200 million by later reports. |
| Jul 2020 | Series B | Menlo Ventures (lead); JLL Spark; Lux Capital; Zigg Capital; Taronga Ventures; Nine Four Ventures; Navitas Capital | $16M | - | OpenSpace raised $15.9 million in a Series B funding round on July 27, 2020, led by Menlo Ventures, with participation from Nine Four Ventures, Taronga Group, and existing investors Lux Capital, JLL Spark, Navitas Capital, and Zigg Capital. This brought total funding to $33.3 million following a $14 million Series A in 2019. Menlo Ventures Partner Shawn Carolan joined the board. The company provides automated 360-degree photo documentation and AI-driven analytics for construction sites, including its ClearSight platform and remote collaboration tools. OpenSpace reported 500% year-over-year revenue growth, driven by customer adoption across 30 countries. |
| Aug 2019 | Series A | Lux Capital (lead); JLL Spark; Suffolk Technologies; Zigg Capital; Nine Four Ventures; WeWork; Goldcrest Capital; Tishman Speyer; Navitas Capital | $14M | - | OpenSpace raised $14M in a Series A funding round on August 13, 2019, led by Lux Capital with participation from Goldcrest Capital, JLL Spark, Navitas Capital, Suffolk Construction, Tishman Speyer, WeWork, and Zigg Capital. The company, founded in 2017, specializes in 360° construction site data capture and analysis using AI. At the time, OpenSpace was deployed on projects exceeding $50B in total value and had captured over 150M square feet of data. Customers reported 30x faster data capture compared to manual methods, with no specialized training required. The funding was intended for scaling operations, sales and marketing expansion, and developing new computer vision products. |
| Sep 2017 | Seed | BoxGroup; Lux Capital; Baidu Ventures; Sterling.VC; AngelList; Foundation Capital; US National Science Foundation; Fairhaven Capital Partners; Goldcrest Investments | $4M | - | OpenSpace raised $3.5 million in a seed round in September 2017 from investors including AngelList, Baidu Ventures, BoxGroup, Fairhaven Capital Partners, Foundation Capital, Goldcrest Investments, Lux Capital, National Science Foundation, and Sterling.VC. The company provides an imaging and AI-driven platform for 360-degree visibility on construction sites, allowing workers to attach cameras to hard hats for continuous filming, with data uploaded to the cloud and mapped by AI. By the time of its subsequent $14 million Series A round, OpenSpace's technology had been used on projects valued at more than $50 billion combined, including the Spiral office tower in New York City. Customers reported 30x faster data capture compared to traditional methods. The seed funding preceded this Series A, which included additional investors like WeWork, JLL Spark, Tishman Speyer, and Suffolk Construction. |
Who has invested in OpenSpace?
24 investors have backed OpenSpace across its funding rounds, including Lux Capital, Navitas Capital, JLL Spark, Zigg Capital, Menlo Ventures and Nine Four Ventures.
Lead investors include GreenPoint Partners, Taronga Ventures, PSP Growth, Alkeon Capital, Menlo Ventures and 1 other investor.
OpenSpace Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 4 | Lead | Sep 2017 | |
| San Francisco, CA | 3 | Participant | Aug 2019 | |
| New York City, NY | 3 | Participant | Aug 2019 | |
| Los Angeles, CA | 3 | Participant | Aug 2019 | |
| San Francisco, CA | 2 | Lead | Jul 2020 | |
 Sydney | 2 | Lead | Jul 2020 | |
| Chicago, IL | 2 | Participant | Aug 2019 | |
| Chicago, IL | 2 | Lead | Apr 2021 | |
| Boston, MA | 1 | Participant | Aug 2019 | |
 Hong Kong | 1 | Participant | Apr 2021 | |
| New York City, NY | 1 | Participant | Sep 2017 | |
| Chicago, IL | 1 | Participant | Apr 2021 | |
| New York City, NY | 1 | Participant | Aug 2019 | |
This data is available for Pro users. Sign up to see all 24 OpenSpace investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by OpenSpace
OpenSpace has acquired 1 company to date.
Last acquisition by OpenSpace was on October 28th 2025. OpenSpace acquired Disperse.io for undisclosed valuation.
Latest Acquisitions by OpenSpace
| Description | Disperse.io is a London-headquartered artificial intelligence company founded in 2015 focused on construction site productivity. Its platform uses computer vision and machine learning to analyze site photos for progress tracking, safety risks, and resource allocation. Disperse serves main contractors on UK infrastructure projects, integrating with BIM software. The startup raised funding to expand to predictive analytics. |
| HQ Country |  |
| HQ City | London |
| Deal Date | 28 Oct 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all OpenSpace acquisitions and their M&A valuation multiples. Start Free Trial | |
OpenSpace Competitors
OpenSpace competitors include listed companies like Pexip and Sumavision, and private ones like LeCloud, LiveKit, Mux and Qwilt.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Beijing | Private | - | - | $923M | - | |
| San Jose, CA | Private | $10M | - | $1B | - | |
| San Francisco, CA | Private | $32M | - | $1B | 31.3x | |
| San Francisco, CA | Private | $109M | - | $800M | 7.3x | |
 Norway | Publicly listed | $118M | $29M | $819M | 5.7x | |
| China | Publicly listed | $109M | $11M | $1B | - |
OpenSpace Public Comps
OpenSpace is still privately-owned, but its public comps include Gülermak, SCEE, Sentia, Frencken Group, Ch Karnchang PCL, Beazer Homes, Holcim Ecuador, Astec Industries, Renew Holdings and Next Geo.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $936M | $158M | 1.0x | - | 5.8x | - | |||
| $511M | $22M | 1.5x | 1.3x | 34.1x | 12.8x | |||
| $1.3B | $74M | 0.4x | 0.4x | 7.5x | 7.3x | |||
| $679M | $67M | 1.3x | 1.3x | 13.5x | 13.0x | |||
| $1.3B | $184M | 1.4x | 1.3x | 10.0x | 17.9x | |||
| $2.4B | $60M | 0.9x | 1.0x | 36.7x | 38.9x | |||
| $385M | $136M | 2.4x | - | 6.8x | - | |||
| $1.4B | $105M | 0.9x | 0.8x | 12.0x | 8.0x | |||
This data is available for Pro users. Sign up to see all OpenSpace competitors and their valuation data. Start Free Trial | ||||||||
Common questions about OpenSpace
| When was OpenSpace founded? | OpenSpace was founded in 2017. |
| Where is OpenSpace headquartered? | OpenSpace is headquartered in San Francisco, CA, United States. |
| Is OpenSpace publicly listed? | No, OpenSpace is a private, VC-backed company. |
| What is OpenSpace's valuation? | OpenSpace was last valued at $913M in its Series D in August 2022. |
| How much funding has OpenSpace raised? | OpenSpace has raised $200M across 6 funding rounds. |
| What was OpenSpace's last funding round? | OpenSpace's last funding round was a $9M Series D in August 2022, led by GreenPoint Partners and Taronga Ventures. |
| Who are OpenSpace's investors? | OpenSpace's investors include Lux Capital, JLL Spark, Zigg Capital, Navitas Capital, Menlo Ventures, Taronga Ventures, Nine Four Ventures, GreenPoint Partners, Suffolk Technologies, New World Dev Co and 14 others. |
| Which companies are comparable to OpenSpace? | Companies comparable to OpenSpace include LeCloud, LiveKit, Mux, Qwilt, Pexip and Sumavision. |
| How many companies has OpenSpace acquired? | OpenSpace has acquired 1 company, including Disperse.io. |
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