Global prop-tech startup Facilio raised $ 35 million in its Series B round led by Dragoneer Investment Group. Brookfield Growth and current investors Accel India and Tiger Global Management also participated in the funding.
Founded in 2017, Facilio offers a unified software platform that uses an AI-led predictive engine that allows real estate owners to aggregate building data, optimize performance, and control portfolio operations.
Headquartered in New York City with offices in Dubai, Chennai, Singapore, and Sydney, Facilio helps its customers from all categories and industries around the world reduce operating costs and increase the value of net assets, including de-risk operational liability.
The platform covers a range of SaaS applications for maintenance and operational visibility, sustainability, and remote monitoring of equipment performance.
The funding will allow Facilio to extend its market leadership, expand sales and marketing, and allow more companies to succeed through a predictive, connected model of real estate operations.
“Our customers understand that success in a post-pandemic world can be achieved by driving efficiency and delivering seamless customer experiences,” 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.
The startup has emerged as a next-generation leader in the $ 50 billion commercial real estate-focused operations software market. It has established a broad, global customer base and quickly gained 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.
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 IoT workforce and data infrastructure in one place.