Facilio, an Atlanta, GA- and Chennai, India-based facilities management tech startup offering unified IoT and AI-driven facilities optimization software, raised USD6.4m in funding.
Backers included Global Management and Accel.
The company intends to use the funds to further consolidate and strengthen its presence across Middle East, US, and Indian markets, as well as expand into new territories.
Founded in 2017 by cloud and IoT veterans Prabhu Ramachandran, Rajavel Subramanian, Yogendra Babu and Krishnamoorthi Rangasamy, Facilio provides unified IoT & AI-driven facilities optimization software offering end-to-end building maintenance, operations, sustainability & tenant experience, across portfolios.
Within a year of starting commercial product availability, the company has experienced market penetration across its global territories – Middle East, US, and India.