Sitetracker secures US$42 million in Series C financing

 KUALA LUMPUR, Feb 2 -- Sitetracker, the global standard for deploying, operating, and servicing critical infrastructure and technology, has announced US$42 million in additional funding. (US$1 = RM4.045)

The round was led by new investor H.I.G. Growth Partners as well as returning investor Energize Ventures with follow-on investment from all other returning investors, including New Enterprise Associates (NEA), National Grid Partners, Wells Fargo Strategic Capital, Salesforce Ventures, and others.

New investors participating in addition to H.I.G. Growth Partners include Energy Impact Partners (EIP), Telekom Innovation Pool (TIP), Clearvision Ventures, and others.

This round of financing brings the total investment in Sitetracker to US$92 million, and the investment will further accelerate Sitetracker's product roadmap and continued global expansion.

“Between our new leaders and the over 100 other hires we made last year; we are geared up to keep delivering Sitetracker to our customers at the highest standard,” said Sitetracker Chief Executive Officer, Giuseppe Incitti in a statement.

Despite 2020’s challenges, Sitetracker grew its global user base by 17,000 users across various industries, including telecom, utilities, and alternative energy. With a truly customer-centric approach, Sitetracker prides itself on localised support worldwide.

Sitetracker’s global presence includes offices and employees across the USA, Europe, Latin America, and APAC and is supported by top system integrators and a global partner network.

Alongside out-of-the-box features like Trackers, Sitetracker Mobile, and Intelligent Project Templates, Sitetracker customers also adopted newly released features, including machine learning and Sitetracker for the field.

More details at www.sitetracker.com.

-- BERNAMA