# Open Space Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-space-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.openspace.ai/
- Total disclosed funding: $202M
- Latest round: Series D (Aug 9, 2022)
- Investors on record: 29

## About

Open Space Labs, Inc. is a US-based company specializing in reality capture and documentation solutions for the construction industry, using advanced Spatial AI technology to streamline project documentation and improve operational efficiencies.Founded in 2017, Open Space Labs, Inc. is based in San Francisco, US. The company focuses on providing innovative solutions for the construction sector. It has successfully completed 8 deals, with its most recent funding round being Series D on August 9, 2022, raising USD 9.000 mn from investors GreenPoint Partners and Taronga Ventures. The founding team includes Ajay Reje, Ghel Lerpido, Michael Fleischman, Nicolas North, Philip DeCamp, Wan Sophonpanich, and William Blankenship, with Jeevan Kalanithi and Simon Crick as CEOs.OpenSpace offers a comprehensive suite of reality capture and documentation solutions primarily designed for the construction industry. Its core product, OpenSpace Capture, utilizes Spatial AI technology to automate site documentation, allowing construction teams to efficiently capture visual records of their projects. This service facilitates enhanced coordination and risk management by providing clear visual proof of site conditions, thereby helping teams avoid costly rework and disputes. The company's offerings also include OpenSpace Air, which integrates drone and ground imagery, and OpenSpace BIM+, which maps images to floor plans and Building Information Modeling (BIM). OpenSpace serves a diverse client base that includes general contractors, project owners, and trades across various geographical markets, including the United States and several countries in Europe and Asia. The solutions implemented by OpenSpace are geared towards improving project workflows, reducing delays, and ensuring compliance and quality across the building lifecycle.OpenSpace generates revenue primarily through subscription-based services that cater to its enterprise-level clients in the construction sector. Clients typically engage in annual subscriptions that grant access to the OpenSpace platform, allowing continuous use of its reality capture technology and associated features. Additionally, partnerships may exist with software integrations such as Procore, enhancing the value proposition for clients through streamlined processes. Pricing structures involve tiered plans based on the size of the project or the number of users, facilitating flexibility for varying client needs. The company’s flagship product, OpenSpace Capture, is critical for transactions involving construction documentation, enabling clients to capture and manage their projects' visual data effectively. Revenue is also influenced by the scale of project implementation and the integration of advanced features tailored to specific client requirements.Open Space Labs, Inc. plans to leverage the recent funding of USD 9.000 mn raised in August 2022 to accelerate its business and develop new AI-powered technologies. Upcoming initiatives include the launch of additional products aimed at enhancing its existing suite. The company is also exploring opportunities to expand into new markets, particularly in Europe and Asia, with a timeline to establish a presence by the end of 2023. The funding will support these product developments and geographic expansions. In October 2025, Open Space Labs, Inc. a portfolio company of Foundation Capital, Lux Capital, BoxGroup, AngelList, Sterling Capital Funds, Taronga Group, Comet Labs, Baidu Ventures, The National Science Foundation, Small Business Innovation Research, Navitas Capital, Goldcrest Capital, WeWork Companies Inc., JLL Spark, Zigg, Tishman Speyer, Suffolk Construction, Nine Four Ventures, Menlo Ventures, Alkeon Capital Management, PSP Partners, New World Development Company, GreenPoint Partners, BlackRock, Alpaca, Mirae Asset Venture Investment, Taronga Ventures, Harmonic Growth Partners, Sino Group, Alpaca VC, and The Fischer Group acquired Disperse.io Ltd from Northzone, 2150, Kindred Capital, Frontline and Revolt Ventures for an undisclosed amount.?

## Funding rounds

- Series D, Aug 9, 2022, $9M — Taronga Ventures, GreenPoint Partners
- Series D, Jan 30, 2022, $105M — Menlo Ventures, Lux Capital, Navitas Capital, Alkeon Capital Management, BlackRock, PSP Partners, Alpaca, Mirae Asset Venture Investment, Nine Four Ventures, JLL Spark, Taronga Ventures, Harmonic Growth Partners, Sino Group, GreenPoint Partners, The Fischer Group
- Series C, Mar 18, 2021, $55M — Menlo Ventures, Lux Capital, Navitas Capital, Alkeon Capital Management, PSP Partners, New World Development Company, JLL Spark, Zigg, GreenPoint Partners
- Series B, Jul 17, 2020, $16M — Menlo Ventures, Lux Capital, Navitas Capital, Taronga Group, Nine Four Ventures, JLL Spark, Zigg
- Series A, May 17, 2019, $14M — Tishman Speyer, Lux Capital, Navitas Capital, Goldcrest Capital, WeWork Companies Inc., JLL Spark, Zigg, Suffolk Construction
- Seed, Aug 18, 2017, $2.8M — Foundation Capital, Lux Capital, BoxGroup, AngelList, Sterling Capital Funds, Comet Labs, Baidu Ventures, The National Science Foundation

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A, Series B, Series C, Series D
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- AngelList — Seed
- Sterling Capital Funds — Seed
- Comet Labs (https://capitalatlas.ai/funds/comet-labs) — Seed
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Seed
- The National Science Foundation — Seed
- Tishman Speyer (https://capitalatlas.ai/funds/tishman-speyer) — Series A
- Navitas Capital — Series A, Series B, Series C, Series D
- Goldcrest Capital (https://capitalatlas.ai/funds/goldcrest-capital) — Series A
- WeWork Companies Inc. — Series A
- JLL Spark (https://capitalatlas.ai/funds/jll-spark) — Series A, Series B, Series C, Series D
- Zigg (https://capitalatlas.ai/funds/zigg) — Series A, Series B, Series C
- Suffolk Construction — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C, Series D
- Taronga Group — Series B
- Nine Four Ventures (https://capitalatlas.ai/funds/nine-four-ventures) — Series B, Series D
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series C, Series D
- PSP Partners (https://capitalatlas.ai/funds/psp-partners) — Series C, Series D
- New World Development Company — Series C
- GreenPoint Partners (https://capitalatlas.ai/funds/greenpoint-partners) — Series C, Series D
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series D
- Alpaca (https://capitalatlas.ai/funds/alpaca) — Series D
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series D
- Taronga Ventures (https://capitalatlas.ai/funds/taronga-ventures) — Series D
- Harmonic Growth Partners (https://capitalatlas.ai/funds/harmonic-growth-partners) — Series D
- Sino Group — Series D
- The Fischer Group — Series D