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Today: May 30, 2024
May 30, 2024
1 min read

TraceAir Secures $25M for Next Phase of Growth


TLDR:

  • TraceAir, a provider of site intelligence software, raised $25M in Series B funding.
  • The funding will be used for developing new products to enhance land development and homebuilding workflows.

TraceAir, a Seattle-based company, secured $25M in Series B funding led by PeakSpan Capital and participation from Flashpoint Venture Capital. The funding will be utilized for the development and market roll-out of new products to improve land development and homebuilding workflows through predictive analytics. Co-founded by Maria Khokhlova, Dmitry Korolev, Alexander Solovyev, and Nikita Ushakov, TraceAir’s platform captures 3D project data to enhance construction team efficiency and reduce errors and delays. Major industry players like DR Horton, Howard Hughes, and Lennar already leverage TraceAir’s solutions for construction site analysis and management. The funding signifies a significant step towards setting new industry standards for efficiency and automation.


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