Raken, a San Diego-based construction technology company, has secured a growth investment from Sverica Capital.
The financial details of the transaction were not disclosed.
The company noted that the investment will support operational expansion and further development of its platform.
Raken, led by CEO Ty Kalklosch, offers a field-first construction management platform used by more than 70,000 users. Its application is designed to simplify field workflows such as daily reporting, time and production tracking, scheduling, safety management, and RFIs.
By enabling real-time data transfer between field and office, the platform helps teams stay aligned, improves data accuracy, and supports more informed decision-making.
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By Ravi Kumar