201929 May

Sitetracker raises additional $10 million for cloud-based project management software

Summary

Their investment represents continued validation that critical infrastructure operators are ready and need to tackle the challenges being presented by a shifting technological landscape,” said Incitti. The suite delivers automated reporting and forecasting with tools that estimate staffing needs and bottlenecks, compare project timelines with historical performance, and track expenses and revenues through cloud dashboards. ) The Sitetracker Mobile app is more robust, with built-in support for photo uploads, comments, project importing and recording viewing, configurable checklists, and real-time collaboration among workers. Furthermore, vendors are billing and getting paid on time for work completed instead of experiencing months of delay.” Sitetracker’s current clients include Alphabet, British Telecom, Fortis, Verizon, Google, Nokia, Tilson, Dominon Energy, Congruex, and Extenet, and the company claims the tens of thousands of people using its software manage over $19 billion assets in more than 1 million projects. By enabling this asset transition, Sitetracker aligns tightly with our thesis that technology can deliver solutions for problems that permeate not only power and energy companies, but critical infrastructure providers at large.” Other Sitetracker investors include New Enterprise Associates (NEA), with participation from Wells Fargo Strategic Capital, National Grid Ventures, and Salesforce Ventures.

Source: Venturebeat

Funding

$10M
Amount
May 29 2019
Date
-
Investor
Sitetracker
Company

Classifications

Companies