What is Sitetracker?
Founded in 2013 and headquartered in Montclair, New Jersey, Sitetracker offers a future-proof cloud platform designed to enhance the efficiency of managing high volumes of distributed projects and assets. Built on the Salesforce ecosystem, its Deployment Operations Management software empowers organizations to streamline operations by integrating people and processes. The platform leverages machine learning, enterprise-grade security, and user-friendly interfaces, making it suitable for large companies and government entities. Sitetracker's solution is particularly vital for industries managing complex infrastructure deployments, such as utilities, telecommunications, and renewable energy.
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 New Enterprise Associates, New Enterprise Associates , Inc., and NGP
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, Energize Ventures, Wells Fargo, H.I.G. Capital, New Enterprise Associates, Energy Impact Partners, Clearvision Ventures, Telekom Innovation Pool, and Salesforce Ventures
Key Investors in Sitetracker
National Grid Partners
National Grid Partners invests in technologies that address current challenges and shape future energy systems, acting as a bridge between entrepreneurs and utilities for innovative energy solutions.
Energy Impact Partners
Energy Impact Partners (EIP) is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, digitized, and electrified future, collaborating with innovators and major energy companies.
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm focused on helping entrepreneurs build businesses, established in 1977 and headquartered in Menlo Park, California.
What's next for Sitetracker?
The substantial enterprise-level backing Sitetracker has received, particularly the recent strategic investment, signals a strong confidence in its market strategy and future potential. This financing is poised to fuel further innovation in its deployment operations management software, potentially expanding its capabilities in areas like AI-driven analytics and automation. The company is likely to focus on scaling its operations, enhancing its go-to-market strategy, and deepening its integration within the Salesforce ecosystem to capture a larger share of the utility and asset-intensive industries market. Continued investment in R&D will be crucial for maintaining its competitive edge.
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