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Katerra Shakes Up Leadership, Raises More Money From SoftBank

By
Cory Weinberg
· · Source: The Wall Street Journal

Construction startup Katerra is replacing Michael Marks as CEO with Paal Kibsgaard, a former oil-services industry executive who has been serving as Katerra’s COO. Katerra also said it has raised an additional $200 million from SoftBank, its biggest backer. Marks raised some $2 billion since Katerra’s 2015 founding, mostly from SoftBank’s Vision Fund. But his efforts to turn Katerra into a...

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