Sitetracker, a manager of high-volume critical infrastructure projects, announced yesterday $24 million in additional funding, bringing their total funding to $35 million. Participants in the financing were New Enterprise Associates (NEA), Wells Fargo Strategic Capital, Salesforce Ventures, and others.
“We remain focused on building a platform that empowers our customers, the world’s most innovative companies, to complete their projects and deploy their assets more efficiently,” said Giuseppe Incitti, Sitetracker CEO. “This new round of investment will allow us to further accelerate our product roadmap and increase our global reach. We look forward to continuing to partner with our customers and investors to transform how critical infrastructure is deployed.”
“At NEA, we seek to invest in companies that transform global industries with innovative and differentiated technology,” said Ravi Viswanathan, General Partner at NEA.
“Sitetracker’s solution has changed how billions of dollars of capital assets are deployed in the telecommunications, utilities, and smart cities industries, among others,” he said.
“Sitetracker is modernizing how enterprise project and asset management is practiced across major industries,” said Matthew Raubacher, Managing Director, Wells Fargo Strategic Capital.
August 23, 2018
