SiteTraker Scores $11 Million

MONTCLAIR, NJ — SiteTraker, the first complete program and asset management platform designed to modernize end-to-end infrastructure and capital project execution, 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 trillionconstruction goods and services market.”

SiteTraker is designed to address the unique challenges project managers face when managing large portfolios of complex and dynamic capital projects.  SiteTraker uniquely provides enterprise functionality that is designed to increase user productivity, user adoption and data quality:

  • Intelligent project templates, optimized to capture key KPIs
  • Advanced reporting, dashboarding and notifications
  • Automated forecasting, scheduling and activity assignment
  • Mapping and location intelligence purpose-built for site-based projects
  • Differentiated support model designed to ensure customer success
  • Flexible, two-way integration capabilities

“SiteTraker uniquely allows the world’s most innovative project managers to more effectively manage large, complex and dynamic capital projects and assets,” said Giuseppe Incitti, CEO of SiteTraker. “We are extremely excited to partner with NEA to further accelerate the pace of innovation we deliver to customers as we work to grow the SiteTraker platform and our company.”