(MENAFN- Mid-East.Info)
New York, USA: Facilio, the property operations software platform leader, announced today that it has raised $ 35 million in Series B financing led by Dragoneer Investment Group with participation from Brookfield Growth and current investors Accel India and Tiger Global Management.
Founded in 2017, Facilio offers a unified software platform that uses an AI-led predictive engine to help real estate portfolios digitize processes and optimize their property operations. money. Replacing the traditional and siled software landscape that has failed the market for decades, the solution brings together data from multiple, disconnected systems across portfolios into one integrated cloud-based platform, helping operation and maintenance [O&M] teams become data-driven and agile. The platform covers a suite of SaaS applications for maintenance [CMMS/CaFM solutions] and operational visibility, sustainability, and performance monitoring of remote equipment. This innovative approach enables customers to reduce operational costs, exceed maintenance targets, and enhance customer experiences.
“Our customers understand that success in a post-pandemic world can be achieved by driving efficiency gains and delivering seamless customer experiences,” he said. Prabhu Ramachandran, Founder and CEO, Facilio. “We are uniquely positioned to accelerate digital change in the developed world and lead the industry’s transition to IoT -connected buildings. This investment will allow us to extend our market leadership, expand sales and marketing, and enable more companies to reach success through a predictive, connected model of real operations. estate.
Facilio has emerged as the next-generation leader in the $ 50 billion commercial real estate-focused operations software market. It has established a broad, global customer base and is quickly gaining a share in faster sales growth than the market in many geographies. Facilio’s growing list of portfolio-scale deployments includes commercial office buildings, retail chains, hospital systems, and higher-education campuses.
“Facilio has unlocked a world of potential through an AI-based predictive approach to increase operational effectiveness,” he said Eric Jones, Partner at Dragoneer Investment Group . “We are amazed at the customer love that Facilio receives from their diverse list of global clients. The company is well on its way to changing operations for real estate portfolios and we are proud to support this customer-obsessed team. “
Facilio is great at guiding real estate portfolios through their journey into digital transformation with its advanced IoT-native and mobile-first product offerings. As a result, many leading organizations dealing with outdated solutions from current vendors have turned to Facilio.
“We have become customers of Facilio and are now incredible to be a partner in their journey,” he said. Josh Raffaelli, Managing Partner at Brookfield . “What Prabhu and the team are building is not just a great product portfolio but a movement towards data-driven property operations. The company is writing the blueprint for how modern real estate portfolios will work over the next decade and beyond. “
Founded four years ago by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendra Babu, Facilio defined and developed the growth category. Similar to how Salesforce in customer management and ServiceNow in managing IT services in today’s enterprise software categories, Facilio aims to build a cloud operational management platform that unifies field processes workforce and IoT data infrastructure, in one place.
About Dragoneer Investment Group:
Dragoneer is a growth -focused investment company with more than $ 25 billion in long -term capital. Dragoneer has a history of partnering with management teams that nurture exceptional companies characterized by sustainable diversity and efficient economic models. The firm’s track record includes public and private investment in industries and geographies, with a particular focus on technology -enabled businesses. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Ceridian, Chime, Datadog, Doordash, Duck Creek, Innovaccer, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath, Urban Company, Zomato, and others.
About Brookfield Asset Management:
Brookfield (NYSE: BAM, TSX: BAM.A) is a leading global alternative asset manager with approximately US $ 690 billion of assets under management across real estate, infrastructure, renewable power and transition, private equity , and credit. Brookfield owns and operates long-term assets and businesses, many of which form the backbone of the global economy. With its global reach, access to large-scale capital, and operational expertise, Brookfield offers a range of alternative investment products to investors around the world — including public and private pension plans. , endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.
Brookfield Growth is Brookfield’s technology investment arm. Founded in 2017, Brookfield Growth aims to partner and invest growth equity with market-leading technology companies that can leverage the diverse real assets and operating businesses that make up Brookfield’s $ 690 billion economy.
About Facilio
Facilio’s AI-driven property operations platform enables real estate owners to aggregate building data, optimize performance, and control portfolio operations-all from somewhere. Customers in the commercial office, healthcare, retail, education, and other real estate categories around the world use Facilio to reduce operating costs, increase net asset value, and eliminate operational liability risk. Headquartered in New York City with offices in Dubai, Chennai, Singapore, and Sydney, Facilio is a global company supported by leading investors including Accel India, Tiger Global Management, Dragoneer Investment Group, and Brookfield Growth.
MENAFN23022022005446012082ID1103748586
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, please contact the provider above.
.