Sitetracker, a US-based provider of enterprise project and asset management software, has raised $24 million in fresh capital from its Series B funding round. New Enterprise Associates led this latest funding round, with some participation from Salesforce Ventures and Wells Fargo Strategic Capital.
This latest funding round, which brought total funding raised to date to $35 million, will further accelerate and fuel the company\’s global expansion. The newly raised funds will be used to boost product development and operations.
|Image Credit: SiteTracker/Youtube.com (screencap)|
Founded in 2014 and based in Palo Alto, California, Sitetracker provides a full lifecycle platform designed by project managers. It\’s the global standard for managing high-volume critical infrastructure projects, according to The Virginian Pilot.
Sitetracker\’s technology is used to deploy and manage critical infrastructures such as Utilities and telecommunications. This Palo Alto-based company currently holds the title as the world\’s first complete platform for managing high-volume distributed assets and capital projects.
Big companies such as Alphabet, Verizon, and Nokia rely on Sitetracker\’s technology platform to manage millions of sites and projects.