Sitetracker, a Montclair, NJ-based provider of deployment operations management software for critical infrastructure providers, raised $96M in Series D Equity and Debt funding.
Energize Ventures led a new round of equity funding totaling $66M, with participation from existing investors including H.I.G. Growth Partners, National Grid Partners, Clearvision Ventures and others, as well as participation from new investors including NTT Docomo Ventures, Kingfisher Investment Advisors, and Raine Next-Gen Communications. BridgeBank, a subsidiary of Western Alliance, provided a $30M revolving credit facility.
The company intends to use the funds to scale its global capabilities to support renewable energy, 5G, fiber, and telecom digital infrastructure worldwide.
Led by CEO Giuseppe Incitti, Sitetracker provides deployment operations management software for critical infrastructure providers. The cloud-based solution currently enables industry leaders across telecom, energy, construction and engineering, real estate, and media to manage sites and assets representing over $150 billion in portfolio holdings. Sitetracker is currently operating in 30 countries with ongoing customer deployments scheduled to bring the platform to over 100 countries by the end of 2024. Among Sitetracker’s customer base are energy and EV charging companies including ChargePoint, NextEra Energy, Southern Company and Duke Energy as well as telecom providers such as AT&T, Segra, Zayo and British Telecom.
So far in 2022, Sitetracker has launched a new Tower Solution, forged a new partnership with a leader in private 5G networks, added new languages and mobile capabilities to its platform, and hired over 75 people in eight new countries, bringing its total employee count close to 400.
FinSMEs
28/09/2022