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High Tech Series B Founded 2017

Facilio

Facilio develops an AI-powered connected CMMS and end-to-end facility management software platform that unifies maintenance, energy operations, vendor management, and compliance workflows into a single operational system. The platform's core products include Connected CMMS for property operations, Connected Buildings for portfolio energy efficiency, and Connected Refrigeration for multi-store retail operations.…

📍 New York City, United States · IoT Applications,

Funding snapshot

Last roundSeries B
Amount$35M
Date22 February 2022
Total raised$43M
Team size246

About

Facilio develops an AI-powered connected CMMS and end-to-end facility management software platform that unifies maintenance, energy operations, vendor management, and compliance workflows into a single operational system. The platform's core products include Connected CMMS for property operations, Connected Buildings for portfolio energy efficiency, and Connected Refrigeration for multi-store retail operations. Facilio's CMMS modules cover preventive maintenance, asset management, inspections, work order management, field service management, vendor management, service management, mobile CMMS, inventory management, and workplace management. The platform features an Atom Assistant Suite of domain-expert AI agents that automate service requests, reporting, invoice verification, and asset lifecycle management, along with Mira, a helpdesk AI that automates service request intake, routing, dispatch coordination, and emergency escalation across calls, chat, WhatsApp, and email. Connected Buildings provides energy monitoring and benchmarking, cloud-based optimization, energy analytics and BI, and fault detection and diagnostics. Connected Refrigeration offers refrigerant compliance, remote multi-site monitoring, automatic leak detection, and refrigeration energy optimization. The platform serves retail, healthcare, FM services, commercial portfolios, corporate facilities, and education sectors, with customers reporting 80% reduction in manual data entry, 75% reduction in manual reporting effort, 90% SLA adherence, and sub-24-hour average work order resolution times. Founded in 2017 and headquartered in New York City, Facilio has raised $42.9M in Series B funding from investors including Accel, Tiger Global Management, Dragoneer Investment Group, and Brookfield Asset Management.

Business model

Energy Efficiency Tech > Energy Management System > Building Automation Systems > BEMS,

Facility Management Tech > Building Management > Maintenance Management > Workflow Tools,

Property Management Tech > Maintenance Management

Team background

Company Wise > Zoho,

College Wise > Anna University

Institutional investors

Accel Tiger Global Management Dragoneer Investment Group Brookfield Asset Management

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