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USD 6.4 mn funding to boost biz of Facilio
Facilio, a Facilities Management Tech start-up offering unified IoT and AI-driven facilities optimisation software, has announced a funding of $6.4 million led by international venture capitalists Tiger Global Management, LLC and existing investor Accel.
By
migrator
migrator
Chennai
Tiger Global has several successful early stage investments in companies including Flipkart, Freshworks, Peloton and Invision. Accel is a leading global venture capital firm with investments in ventures like Facebook, Slack, Flipkart and Freshworks among others.
Founded by cloud and IoT veterans Prabhu Ramachandran, Rajavel Subramanian, Yogendra Babu and Krishnamoorthi Rangasamy, it offers real-time facilities management to commercial real estate owners. The firm uses IoT and AI to predictively optimise operations and sustainability, while providing a superior tenant experience.Â
Within a year of starting commercial product availability, the company has exhibited strong performance and market penetration across its global territories – Middle East, US, and India.Â
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