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HomeTech NewsNorth AmericaTraceAir, a construction software startup targeting land development projects, raises $25M

TraceAir, a construction software startup targeting land development projects, raises $25M

By Staff Writer

30 May 2024

Seattle-based startup TraceAir announced a $25 million Series B funding round to boost its project management software used by home builders and land developers.

Founded in 2015, TraceAir aims to improve efficiency and automation by surveying project data with drones that can be analyzed by its software platform.
PeakSpan Capital led the round, which included participation from Flashpoint Venture Capital and other existing investors.
The company was co-founded by Maria Khokhlova, Dmitry Korolev, Alexander Solovyev, and Nikita Ushakov. Korolev, TraceAir’s CEO, previously led a facilities monitoring company called the Karlsson Project.

Source

geekwire.com