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Stock impact report

Commercial services platform BuildOps becomes a unicorn, raises $127M [TechCrunch]

Vishay Precision Group, Inc. (VPG) 
Last vishay precision group, inc. earnings: 2/19 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.vpgsensors.com
Company Research Source: TechCrunch
That need has translated into a large fundraise for a company focused on streamlining commercial contracting processes. On Friday, BuildOps , which develops software for commercial services contractors, announced that it has raised $127 million in a Series C round led by Meritech Capital that values the company at $1 billion post-money. That valuation is “more than double” the valuation BuildOps reached in its last financing – a $50 million Series B round announced in May of 2023 and a follow-on “top up” $36 million raise for existing investors only, according to Alok Chanani, co-founder and CEO. The latest capital infusion brings the company's total raised to over $250 million. Founded in 2018, Los Angeles-based BuildOps has built field service management software that helps commercial contractors in the U.S. and Canada with project management, service, dispatching, and invoicing via what it describes as “AI-powered automation.” The company claims that its software helps contrac Show less Read more
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