TraceAir Raises $25M Series B

TraceAir, a Seattle, WA-based provider of site intelligence software for homebuilders and land developers, raised $25M in Series B funding.

The round was led by PeakSpan Capital, with participation from Flashpoint Venture Capital, among other existing investors.

The company intends to use the funds for the development and market roll-out of new products to boost land development and homebuilding workflows with predictive analytics and to set the industry on a new level of efficiency and automation.

Co-founded by Maria Khokhlova, Dmitry Korolev, Alexander Solovyev, and Nikita Ushakovhave, TraceAir is a provider of construction site analysis and management solutions for land development and homebuilding. Its platform captures 3D project data and empowers construction teams by saving time and reducing the risk of errors and delays.

It is used by industry leaders including DR Horton, Howard Hughes, Lennar, and more.