Planera expands data centre presence with new funding

Planera, a leader in visual collaborative scheduling for construction projects, has announced a surge of momentum in the data centre market. This success is buoyed by an additional $8 million in funding, elevating their total financial backing to $26.5 million. This influx follows a successful Series A in 2024 and aims to expand Planera's influence among contractors and subcontractors tasked with constructing the world's most intricate and swiftly growing data centres.

The company has rolled out a bespoke service package centred around its potent platform to cater to its increasing number of data centre clients. Notable users include:

• HITT Contracting: Recognised as the nation’s prime data centre builder, this firm utilises Planera to enhance project visibility and expedite the realisation of essential data centre projects.
• Ralph L. Wadsworth (RLW): Leveraging Planera, RLW has erected data centres for some of the world's tech behemoths, striving to diminish schedule compression and uphold exceptional collaboration.
• Ryan Companies US, Inc.: A national authority in mission-critical work, Ryan Companies relies on Planera for cohesive scheduling collaboration, uniting project managers, field staff, and schedulers on one synchronised platform.

Deepening its industry engagement, Planera has formed a service team with specialised data centre insight to support these ventures. Additionally, state-of-the-art AI tools have been developed to aid customers in pre-emptively spotting project delays and discovering opportunities to speed up schedule timelines.

The global data centre market, valued at approximately $347.6 billion in 2024, is anticipated to inflate to $652 billion by 2030, according to Grand View Research. Concurrently, data centre construction is poised for growth—from about $91.9 billion in 2024 to over $214 billion by 2030, as reported by Arizton.

Nitin Bhandari, CEO of Planera, underlined, "With data centre demand exploding worldwide, our customers need modern, collaborative scheduling tools that can keep pace with the scale and complexity of these projects."

Ken Elefant, Managing Director of Sorenson Capital, adds, "The rapid adoption of AI is driving intense demand for additional data centre capacity."

Construction industry leaders have endorsed the recent financing round, with commitments from Sorenson Capital, Sierra Ventures, and others, propelling Planera's mission to transform the data centre construction landscape.