SitePro, a Lubbock, Texas-based technology company focused on providing solutions and services for managing critical infrastructure, raised $16m in SitePro Closes $16M Series E financing.
Funding was provided by multiple family office and individual investors along with follow-on investments from existing shareholders, including substantial investments from several members of its board of directors.
The $16m round includes $5m in growth capital to pursue business development and product marketing initiatives in two new verticals which the company has established early traction in, the municipal/water utility market and the ag/irrigation market.
Led by Aaron Phillips, Founder, President and Co-CEO, and David Bateman, Chairman & Co-CEO, SitePre is a technology company focused on providing solutions and services for managing critical infrastructure operated by customers in the water and energy markets. Its patented technology is based on a No-Code software framework whereby complicated tasks can be done remotely by a wide range of users, from on-site operational personnel to executive management team members, uniting everyone in a simple platform.
The company’s vision is for its technology to become the standard automation and control system for operating remote assets such as:
- Upstream oil & gas wells and associated production facilities,
- Midstream assets and gathering systems,
- Water sourcing and storage infrastructure,
- Wastewater and treatment facilities, and
- Large-scale irrigated farms.
FinSMEs
04/11/2022