Planera Raises $13.5 Million in Series A
Planera, a San Jose, CA-based provider of CPM scheduling and planning solutions for the construction industry, has raised $13.5 million in Series A funding round.
Planera, a San Jose, CA-based provider of CPM scheduling and planning solutions for the construction industry, has raised $13.5 million in Series A funding round.
Investors
The round was led by Sierra Ventures, with significant participation from Sorenson Capital, Brick and Mortar Ventures, Prudence VC, and Firebolt Ventures.
Sierra Ventures is an early-stage venture firm with over $2 billion of assets under management, investing in AI, SaaS, Security, Digital Health, DeepTech, and more.
Planera Use of Funds
The company will use the funding to accelerate the development and deployment of its cutting-edge, collaborative, and visual planning tools.
About Planera
Founded by Nitin Bhandari and Erik Swenson, Planera is a full CPM-based scheduling and planning platform for the construction industry. Its platform provides a solution tailored to the needs of general contractors, specialty subcontractors, and the wider construction industry, enabling teams to plan, schedule, and collaborate more effectively. Planera addresses scheduling needs in all three phases: pursuit, pre-construction, and project execution. Its advanced features include built-in schedule quality audits, real-time progress tracking, and Monte Carlo risk simulation.
Funding Details
Company: Planera, Inc.
Raised: $13.5M
Funding Round: Series A
Funding Date: August 2024
Lead Investors: Sierra Ventures
Additional Investors: Sorenson Capital, Brick and Mortar Ventures, Prudence VC, Firebolt Ventures
Company Website: https://www.planera.io/
Software Category: Construction Management
