Sitetracker, a provider of implementation operations control software for critical infrastructure providers in Montclair, New Jersey, has raised $96 million in Series D debt and equity financing.
Energize Ventures has led a new fair funding circular totaling $66 million, with participation from existing investors, adding H. I. G. Growth Partners, National Grid Partners, Clearvision Ventures and others, as well as participation from new investors adding NTT Docomo Ventures, Kingfisher Investment Advisors and Raine Next-Gen Communications. BridgeBank, a subsidiary of Western Alliance, a $30 million revolving credit facility.
The company intends to use the budget to expand its global functions to virtual renewable energy, 5G, fiber and telecommunications infrastructure around the world.
Led by CEO Giuseppe Incitti, Sitetracker provides deployment operations control software for critical infrastructure providers. Ultimately, the cloud-based solution enables leaders in the telecommunications, energy, structure and engineering, real estate and media industries to manage sites and assets representing more than $150 billion. in portfolio. Sitetracker operates in 30 countries lately and continuous visitor deployments are expected to bring the platform to over a hundred countries through the end of 2024. Sitetracker’s visitor base includes electric vehicle charging and energy companies that add ChargePoint, NextEra Energy, Southern Company, and Duke Energy, as well as telecom providers like AT.
So, in 2022, Sitetracker introduced a new tower solution, forged a new partnership with a leader in personal 5G networks, added new languages and cellular features to its platform, and hired over 75 people in 8 new countries, bringing its total number of workers to nearly 400.
FinPME
28/09/2022