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Sitetracker, which specializes in helping companies deploy, operate and service critical infrastructure and technology, announced it raised an additional $42 million in Series C funding. Investor H.I.G. Growth Partners led the latest round of funding, which brought the total investment into Sitetracker to $92 million. The company expects this most recent investment to accelerate its product roadmap and continued global expansion.
“Sitetracker’s continued growth is a testament to their understanding of the challenges faced by their industry-leading customers, in the multi-billion-dollar critical infrastructure space,” H.I.G. Growth Partners Managing Director Scott Hilleboe said in a statement. “Sitetracker is uniquely positioned to tackle the business operations challenges faced by companies deploying, maintaining, and operating in industries like telecom, utilities, and alternative energy. We’re thrilled to support Sitetracker in their next phase of growth.”
27 January 2021 | Melanie Mingas Sitetracker has raised US$42 million in its series C funding round, taking its total raise to $92 million.
The series C round was led by new investors H.I.G. Growth Partners, Energy Impact Partners (EIP), Telekom Innovation Pool (TIP), and Clearvision Ventures.
Returning investors included Energize Ventures, New Enterprise Associates (NEA), National Grid Partners, Wells Fargo Strategic Capital, and Salesforce Ventures, among others.
Supporting the deployment, operation and servicing of critical infrastructure Sitetracker is used by Ericsson, Fortis, Google, British Telecom, and Vodafone, to optimise the asset lifecycle through native platform inclusions like AI, automation, and actionable analytics. The firm said it allows stakeholders to deploy, maintain, and grow their capital asset portfolios .
2 months ago
Sitetracker is the global leader in deployment, operations, maintenance, and asset management software for critical infrastructure and technology providers
Led by H.I.G. Growth Partners and Energize Ventures, Sitetracker’s Series C includes participation from all returning investors plus new strategic partners
Sitetracker will use this round of investment to accelerate the company’s product roadmap, solution delivery capabilities, and global expansion
PALO ALTO, Calif.–(BUSINESS WIRE)–Sitetracker, the global standard for deploying, operating, and servicing critical infrastructure and technology, announced $42 million in additional funding today. The round 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, a
Press release content from Business Wire. The AP news staff was not involved in its creation.
Sitetracker raises $42M in Series C Financing
January 27, 2021 GMT
PALO ALTO, Calif. (BUSINESS WIRE) Jan 27, 2021
Sitetracker, the global standard for deploying, operating, and servicing critical infrastructure and technology, announced $42 million in additional funding today. The round 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. This round of financing brings the total investment in Sitetracker to $92 million, and the investment will further accelerate Sitetracker’s product road
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