User:PinkTreeFlight90

Veev

Company type	Private
Industry	Construction Technology
Founded	2008 (2008)
Headquarters	Hayward, California, U.S.
Area served	United States
Products	Panelized wall systems Modular housing platforms
Services	Offsite construction Prefabricated housing systems
Website	veev.com

Veev is a technology-driven panelized construction company specializing in advanced, prefabricated building systems. The company developed a proprietary construction platform that integrates digital manufacturing with sustainable materials to streamline home construction, enhance precision, and reduce environmental impact.

History

Veev was founded in 2008 with the goal of modernizing homebuilding through a panelized construction approach. Its proprietary system manufactured walls off-site in a controlled environment, pre-assembled with integrated mechanical, electrical, plumbing (MEP), and fire safety systems to reduce labor, time, and waste.

In 2020, Veev secured $75 million in funding from LenX, the venture arm of Lennar, one of the largest homebuilders in the U.S. In 2022, the company was valued at over $1 billion following a $400 million Series D funding round.

In 2023, Lennar acquired Veev’s assets, integrating the company’s modular platform into its own operations to enhance scalable, resilient construction solutions. Analysts noted that this move allowed Lennar to scale innovation using Veev's experience and technology. Development of the modular platform continues under Lennar’s internal teams.

Technology and Innovation

Veev’s technology centers on a proprietary panelized building system, which includes cold-formed steel framing and high-performance acrylic finishes. Using digital fabrication, 3D design files are converted into building components via Computer Numerical Control (CNC) machinery.

The company holds multiple patents, including prefabricated wall assemblies that incorporate MEP systems into a single unit. Among its most notable innovations is a patented multi-head fire sprinkler system that allows a single conduit to serve multiple rooms, improving efficiency and reducing component count.

According to a 2023 Forbes report, Veev’s construction method reduces embodied carbon by 50% and construction waste by 89% compared to traditional homebuilding methods.