Planera Raises $13.5 Million in Funding Round

Planera, a San Jose-based construction tech startup, has secured $13.5 million in a Series A funding round led by Sierra Ventures, with additional contributions from several venture capital firms. This funding is aimed at accelerating the development of Planera's innovative, collaborative, and visual planning tools that cater to general contractors, specialty subcontractors, and the broader construction sector. The platform is designed to modernize project management by transitioning from outdated legacy systems to a cloud-based solution with real-time collaboration features. CEO Nitin Bhandari emphasized the importance of democratizing scheduling for all project stakeholders while planning to enhance features like performance analytics and construction-specific AI. The new funding will also support product development, marketing efforts, and expanding outreach to subcontractors, who play a significant role in construction projects. As the demand for effective scheduling and planning tools grows, Planera aims to fill the existing market gap with its user-friendly platform.