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Katerra

Construction techUSA
💀 Dead / Bankrupt
Peak $4 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2017
  2. 📈
    Peak valuation
    $4 Billion ’18
  3. 💔
    Became a Unitard
    2021
  4. 💸
    Last valuation
    ~$0
Current status
Shut down 2021

How it happened

Katerra was a SoftBank-backed construction-technology startup that aimed to industrialize building with prefabrication and an end-to-end model, reaching a ~$4B valuation in 2018. Quality problems, cost overruns, and operational missteps drained capital despite large SoftBank investment. After a failed turnaround, it shut down and filed for bankruptcy in 2021, a near-total loss.

Source: SoftBank-backed