Citylitics, a Toronto, Canada-based provider of an intelligence platform for planned infrastructure investments, raised US$5M in Series A funding.
The round was led by Dallas Venture Capital and Cerium Technology Ventures with participation from Klister and GCI. Concurrent with the funding round, partners from Cerium and Dallas Venture Capital will be joining the Citylitics board of directors.
The company intends to use the funds to double its sales, marketing, customer success, and engineering teams; expand into new infrastructure verticals throughout North America; and continue building out its data pipelines and platform functionality.
Led by CEO Ahmed Badruddin, Citylitics provides an intelligence platform for critical infrastructure needs and planned investments in communities throughout North America. Its data platform enables stakeholders in the infrastructure market – including manufacturers, suppliers, as well as engineering, investment, and consulting firms – to identify and pursue sales opportunities through access to reliable, meaningful, and predictive insights on infrastructure plans, decisions, and market activity.
The platform ingests millions of public documents and data generated by cities, utilities, and public agencies, including council meeting minutes, budgets, capital plans, permits, environmental reports, and more. Then, using machine learning augmented by human expertise, the system looks for indicators of infrastructure needs and turns it into meaningful, predictive market intelligence on infrastructure plans, priorities, forecasts, projects, research, and more. These insights are used by stakeholders that serve the infrastructure market to identify the right opportunities to pursue, at the right stage, using the right approach and strategy. Customers include large manufacturers, suppliers, engineering, construction, investment, and consulting firms in the infrastructure sector, including Aegion, Echologics, and EXP.
Citylitics also has offices in Milwaukee and Austin, and remote employees throughout North America.
FinSMEs
29/03/2022