“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 RamachandranFounder and CEO, Facilio. “We are uniquely positioned to accelerate digital change in the developed world and lead the industry’s transition towards IoT-connected buildings. This investment will allow us to expand our market leadership, expand those sales and marketing, and allow more companies to reach success through a predictive, connected model of real estate operations. ”
Facilio has emerged as the next generation leader in $ 50 billion commercial real estate-focused software market operations. 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 JonesPartner of Dragoneer Investment Group. “We are thrilled with the customer love Facilio receives from their diverse list of global clients. The company is already on track to change 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 As a result, many leading organizations dealing with outdated solutions from current vendors have turned to Facilio.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 Facilio’s customers and are now fantastic to be a partner in their journey,” he said Josh RaffaelliManaging Partner to 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 in next decade and beyond. “
Founded four years ago by Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamyat Yogendra Babu, Facilio identifies and develops category growth. 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.
For more information on Facilio and data-driven property operations, please visit facilio.com/
About Dragoneer Investment Group
Dragoneer is a growth-oriented investment firm with more $ 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 investing in wealth.
Brookfield Growth is the technology investment arm of Brookfield. 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 the $ 690 billion Brookfield economy.
For more information, please visit brookfield.com/brookfield-growth
About Facilio
Facilio’s AI-driven property operations platform allows 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, Singaporeat SydneyFacilio is a global company backed by leading investors including Accel India, Tiger Global Management, Dragoneer Investment Group, and Brookfield Growth.
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SOURCE Facilio
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