Sitetracker, a Palo Alto, Calif.-based company deploying, operating, and servicing critical infrastructure and technology, raised $42m in funding.
The round, which brings total funding to $92m, was led by new investor H.I.G. Growth Partners as well as returning investor Energize Ventures with follow-on investment from all other returning investors, including New Enterprise Associates (NEA), National Grid Partners, Wells Fargo Strategic Capital, Salesforce Ventures, and others. New investors participating in addition to H.I.G. Growth Partners include Energy Impact Partners (EIP), Telekom Innovation Pool (TIP), Clearvision Ventures, and others.
The company intends to use the funds to further accelerate its product roadmap and continued global expansion.
Led by Giuseppe Incitti, CEO, Sitetracker provides a platform to deploy, operate and service critical infrastructure and technology. The system enables growth-focused innovators to optimize the entire asset lifecycle through native platform inclusions like AI, automation, and actionable analytics. From the field to the C-suite, Sitetracker enables stakeholders to optimize how they plan, deploy, maintain, and grow their capital asset portfolios. Market leaders in the telecommunications, alternative energy, and utility industries — such as Ericsson, Fortis, Google, British Telecom, and Vodafone — use it to manage millions of sites and projects representing over $25 billion of portfolio holdings globally.
FinSMEs
27/01/2021