Katerra, the Menlo Park, Calif.-based startup that sought to bring the myriad aspects of design, manufacturing and construction under one roof, is reportedly shutting down, according to media reports on June 1.
The company had shown signs of trouble in 2020, when the U.S. Securities and Exchange Commission began an investigation into its accounting practices. Projects that Katerra still has underway either as designer, builder or supplier are now in a state of uncertainty as project team members and owners make other arrangements.