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May 19, 2023

Funding raised for BuildOps is $50 million

The company aims to expand its reach

Los Angeles-based management software provider BuildOps has successfully raised an additional $50 million in funding, bringing its total raised funds to an impressive sum of over $100 million. This recent funding round was led by Fika Ventures and 01 Advisors, a venture capital firm backed by former Twitter CEO Dick Costolo, who has also joined BuildOps' board.

The substantial investment will be instrumental in fueling BuildOps' rapid growth and cementing its position as a leading player in the commercial specialty contractor industry. With a mission to revolutionize the sector, BuildOps aims to leverage this funding to make significant strides forward.

BuildOps specializes in providing a comprehensive software suite designed specifically for modern commercial contractors. Their purpose-built technology platform seamlessly integrates essential functions such as scheduling, dispatching, inventory management, contracts, workflow, purchasing, and invoicing. Whether it's a small team or a large organization with thousands of employees, BuildOps caters to commercial contractors of all sizes.

By consolidating these critical management tasks into a single software suite, BuildOps empowers commercial contractors to optimize their operations, eliminate redundancies, and enhance productivity. The streamlined approach offered by BuildOps enables contractors to focus on what they do best while leveraging the latest technology to improve efficiency and profitability.

Alok Chanani, BuildOps co-founder and CEO, expressed the company's unwavering commitment to delivering a true all-in-one solution built on cutting-edge technology to the dedicated professionals who keep our schools, hospitals, and communities running smoothly. With the privilege of collaborating closely with some of the nation's top commercial contractors, BuildOps continues to drive innovation and excellence in the industry.

With the infusion of $50 million in funding and the ongoing support of prominent investors and industry leaders, BuildOps is well-positioned to accelerate its growth trajectory and redefine the landscape of commercial specialty contracting. The impact of BuildOps' comprehensive software suite will be felt across the industry, unlocking new levels of operational efficiency and success for commercial contractors nationwide.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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