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Startups

SoftBank-backed Katerra files for bankruptcy protection

US construction startup raised more than $1bn from Vision Fund

SoftBank-backed Katerra vowed to "redefine the construction industry." (Source photo from Katerra's website)
WATARU SUZUKI, Nikkei staff writer | North America

TOKYO -- U.S. construction startup Katerra has filed for Chapter 11 bankruptcy protection in a setback for Japan's SoftBank Group, which invested more than $1 billion in the company.

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