SoftBank-backed construction startup shutters US operations

Following a final $200 million investment from SoftBank, Katerra is closing after years of financial mismanagement and rising construction costs. After six years and more than $2 billion in funding, multifamily construction company Katerra is shutting down its U.S. operations. First reported by The Information on Tuesday, the SoftBank-backed company long struggled with financial management, which was … Read more

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