A California-based construction startup, Katerra, which simplifies the construction process for a variety of projects, has raised $856 million in its latest round.

The company works to simplify the experience by giving users one place to find answers to their needs in the different aspects of a construction project including architectural design, construction, obtaining of materials and developing parts in its own factory. However, customers can use different offerings as needed.

The thought is to follow a more efficient model of mass production similar to the electronic industry and the auto company, Toyota, according to Katerra co-founder Michael Marks, Economic Times reported.

Katerra, which has its factory in Phoenix, was founded in 2015 by Marks, Jim Davidson and Fritz H. Wolff.

“It’s shocking how poorly things work,” Marks said regarding the construction industry. “There’s a lack of quality processes throughout the system.”

The investment round, led by SoftBank Group, saw participation from the Canada Pension Plan Investment Board and Soros Fund Management. Funds raised will be put toward research, development and an increase in the company’s number of factories. As part of the investment, Housenbold and Adam Fisher of the Soros fund will be joining the startup’s board.

SoftBank’s investment in the startup came from SoftBank’s $93 billion Vision Fund, one aimed to support entrepreneurship and startups in the technology sector. Co-working startup, WeWork, has previously received an investment from the fund.

“Over time we expect that we might get offers, but this is intended to stay an independent company,” Marks said. “This will be a public company at some point.”

With a goal of keeping construction projects time-efficient and saving customers money, the company has accumulated a worldwide network of suppliers. According to the startup, Katerra has seen $1.3 billion in bookings. Previous investors in the company include Foxconn, DFJ, and Louis Bacon.

“Katerra is leveraging the latest technologies to radically transform the way people build,” Jeffrey Housenbold, Managing Partner, SoftBank Investment Advisers, said in a statement.

(Picture courtesy: https://medium.com)