“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 estate operations,” Prabhu Ramachandran, founder and CEO, Facilio said in a statement.
Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitize processes and optimize their property operations. The solution aggregates data from multiple, disconnected systems across portfolios into an integrated, cloud-based platform, helping operations & maintenance [O&M] teams become data-driven and agile.
“We are uniquely positioned to accelerate digital transformation in the built world and lead the industry’s transition towards IoT-led connected buildings,” Ramachandran said.
Currently, Facilio is solving operational problems for over 10,000 properties, over 100 million sq. feet across 12 countries. The company’s growing list of portfolio-scale deployments includes over 40 larger enterprise customers across the commercial office, healthcare, retail, banking, and government real estate categories.
“Facilio has unlocked a world of potential with its AI-based predictive approach to increase operational effectiveness,” said Eric Jones, Partner at Dragoneer Investment Group. “The company is on its way to revolutionizing operations for real estate portfolios and we are proud to support this customer-obsessed team.”
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