Planera raises $8 million to enhance its collaborative scheduling platform for data center construction, capitalizing on the growing demand for efficiency in the mass timber industry.

Information on the Target

Planera is a technology company specializing in collaborative scheduling solutions tailored for contractors engaged in building hyperscale data centers. Recently, the company successfully secured $8 million in funding from notable investors including Sorenson Capital, Sierra Ventures, and Zachry Construction. This investment aims to enhance Planera's existing platform, which optimizes scheduling to minimize delays—an essential feature given that delays in the construction of these large data centers can incur costs exceeding $500,000 per day.

With a focus on improving project timelines and coordination among different stakeholders, Planera is well-positioned to address the growing demands of the fast-paced construction industry, particularly in the fast-evolving sector of data centers.

Industry Overview in the Target’s Specific Country

The mass timber construction industry has witnessed significant growth, expanding at a rate of 20% annually in both the United States and Europe since 2015. This rise in popularity can be attributed to the material's sustainability benefits, incl