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EquipmentShare to Use $230 Million in Funding Boost for Construction Tech

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EquipmentShare gains $230 million in funding

EquipmentShare EquipmentShare says its new $230 million funding will help it launch its core T3 construction operating system and expand its suite of technology solutions. We are eager to leverage this milestone round to launch several initiatives, with the continued goal of empowering contractors and accelerating productivity in construction, says Willy Schlacks, EquipmentShare president and co-founder. The company says it will soon launch T3, a solution that digitizes and connects assets, people and materials. T3 will give contractors real-time visibility into parts of the jobsite that are historically difficult to track and manage, it says. In addition, Columbia, Missouri-based EquipmentShare says it plans to significantly increase its footprint in the U.S. in 2021 and grow its total presence to more than 100 locations, including rental, retail and service. It now says it s hiring 100 new employees a month. 

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