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San Francisco Chronicle – November 24
Vallejo modular housing startup Factory OS has raised $55 million from Google and Facebook, the software firm Autodesk, Citigroup, Morgan Stanley, and asset manager Lafayette Square Holding. The money will enable Factory OS to increase production at its second Mare Island factory and expand to Los Angeles, the company said. Factory OS cuts the cost of housing construction by pre-assembling “modules” of apartment buildings and shipping them to project sites. Factory OS raised $22.7 million last year. The company, which has completed almost 1,000 housing units in Northern California, said its costs are 20% to 40% lower than those of traditional construction. ....

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