SiteTraker Raises $11 Million in Series A Funding Led by NEA
Proceeds to accelerate SiteTraker Program & Asset Management platform roadmap, deepen customer engagement and continue market expansion
MONTCLAIR, N.J. & PALO ALTO, Calif. - July 11, 2017 - SiteTraker, the first complete program and asset management platform designed to modernize end-to-end infrastructure and capital project execution, today announced that it has raised $11 million in Series A financing led by New Enterprise Associates, Inc. (NEA). Proceeds from the financing will be used to accelerate the SiteTraker Program & Asset Management platform roadmap, deepen customer engagement and continue market expansion.
“SiteTraker is bringing differentiated technology and a unique approach to markets hungry for innovation,” said Chetan Puttagunta, NEA General Partner and SiteTraker board member. “SiteTraker’s early success supporting the world’s most innovative companies in telecommunications and smart cities is just the beginning. We’re excited to partner with the SiteTraker team to help propel growth and the expansion of their platform as they continue to modernize the $10 trillion construction goods and services market.”