What is Aurigo?
Founded in 2003 and headquartered in Austin, Texas, Aurigo Software provides a comprehensive cloud-based solution, Masterworks Cloud, designed to assist public facility owners in the planning, execution, and maintenance of capital projects and assets. The software is specifically tailored for public and private agencies that manage substantial capital, infrastructure, and facilities investments, aiming to enhance safety and efficiency throughout the project lifecycle. Aurigo operates within the enterprise software market, focusing on the critical needs of infrastructure management and capital planning.
How much funding has Aurigo raised?
Aurigo has raised a total of $6.7M across 2 funding rounds:
Series A
$6.3M
Debt
$350K
Series A (2013): $6.3M, investors not publicly disclosed
Debt (2020): $350K led by PPP
What's next for Aurigo?
The recent major strategic investment indicates Aurigo is poised for accelerated expansion and product development. This capital infusion is likely to be directed towards enhancing its Masterworks Cloud platform, potentially expanding its market reach into new geographies or industry verticals, and strengthening its competitive position against other enterprise software providers in the infrastructure management space. The company's focus on public facility owners suggests a strategy centered on long-term contracts and recurring revenue, supported by its established presence and the critical nature of its service.
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