XOi Technologies, a Nashville, Tenn.-based provider of field service communication solutions, closed an $11m Series C financing round.
The round was led by PeakSpan Capital with participation from Grotech Ventures, as well as Series B investors Vocap Investment Partners and Nashville Capital Network.
The company intends to use the funds to continue expanding its integration partnerships and key customer account acquisitions and to invest in talent adding dozens of new team members over the next six months as it expands marketing, sales, customer success, and engineering.
Led by CEO Aaron Salow, XOi Technologies provides field service companies in the mechanical, electrical, and plumbing industries with a cloud-based, artificial intelligence-based mobile application to capture data, communicate with stakeholders, and service their customers. Remote field technicians can access a comprehensive library of manuals and diagrams, training content, and real-time remote video support.
Since the initial launch of its Vision solution in 2016, XOi has been used by over 6,000 field service users to streamline their work, document job sites, access the equipment-related content they need, and virtually collaborate with their peers.
Over 3,000,000 job-related pieces of content have been captured by Vision to date.