What is Sitetracker?
Founded in 2013 and headquartered in Montclair, New Jersey, Sitetracker provides a future-proof cloud platform designed to optimize deployment operations management. Its software empowers organizations to run their people and processes more effectively by offering best-practice processes and automation. Leveraging the robust Salesforce infrastructure, Sitetracker delivers enterprise-grade security, machine learning capabilities, and a user-friendly experience, catering to large companies and government entities that manage extensive distributed projects and assets.
How much funding has Sitetracker raised?
Sitetracker has raised a total of $129M across 4 funding rounds:
Series A
$11M
Series B
$24M
Debt
$2M
Series C
$92M
Series A (2017): $11M with participation from NGP, New Enterprise Associates , Inc., and New Enterprise Associates
Series B (2018): $24M led by Wells Fargo, New Enterprise Associates, and Salesforce Ventures
Debt (2020): $2M supported by PPP
Series C (2021): $92M featuring National Grid Partners, Clearvision Ventures, Telekom Innovation Pool, H.I.G. Capital, Salesforce Ventures, New Enterprise Associates, Wells Fargo, Energize Ventures, and Energy Impact Partners
Key Investors in Sitetracker
National Grid Partners
National Grid Partners invests in technologies that address current challenges and shape future energy systems. They act as a bridge between entrepreneurs and utilities, fostering collaboration for innovative energy solutions.
Clearvision Ventures
Clearvision Ventures is an investment firm focused on category leaders at the intersection of technology, sustainability, and infrastructure. They aim to support entrepreneurs in achieving their goals through socially and environmentally responsible investments.
H.I.G. Capital
H.I.G. Capital is a leading global alternative investment firm with billions of capital under management, focusing on the mid-cap segment of the market and creating long-term value across a range of strategies.
What's next for Sitetracker?
The substantial enterprise-level backing and recent strategic investment signal Sitetracker's maturity and its potential for accelerated scaling. This financing is likely to be directed towards enhancing its platform's capabilities, expanding its market reach, and potentially exploring new verticals within the infrastructure and utility sectors. The company's integration with Salesforce positions it favorably to capitalize on the growing demand for sophisticated operational management tools in asset-intensive industries. Future developments may focus on further automation, predictive analytics, and expanding its suite of services to address evolving client needs in project and asset lifecycle management.
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