AI Analytics platform OpenSpace secured Additional $9 Million in Funding

OpenSpace, a California-based jobsite capture and Artificial intelligence powered analytics platform provider, has now secured $9 million in strategic capital for its Series D funding round.

OpenSpace was founded by Jeevan Kalanithi. It is an AI company that helps builders, owners, and some other stakeholders in the construction and real estate industries save time and money by offering a record of site status over the course of a project.

Avi Naidu, co-founder and managing partner of Taronga Ventures, said, "We see continued growth potential in OpenSpace, especially in regions like APAC and the Middle East, due to its ease of use, making it simple for customers to adopt and implement quickly. OpenSpace is fast becoming an industry standard, and we're pleased that we can continue to support this growth."

OpenSpace CEO and co-founder Jeevan Kalanithi said, "Alan will help propel OpenSpace to our next phase of growth and success. His impressive track record of helping companies scale speaks for itself, and we're looking forward to benefiting from his expertise and partnership with companies like ours."

The round was backed by Taronga Ventures and GreenPoint Partners.

The company, as of now, has plans to use the new funds to continue scaling the business and developing additional AI-supported technologies.