Mumbai, India, December 20, 2022 /PRNewswire/ — Xpedeon, a cloud-based vertical software platform (SaaS) for the engineering and construction industry, has announced the closing of a funding round from Norwest Venture Partners. The funding will accelerate Xpedeon’s future growth and strengthen its position as the leading integrated construction software company. The company has generated significant traction across the UK, middle east When India will be expanded to North America, Europe When Asia Pacific In a new funding round. Part of the investment will also be used to further enhance and integrate Building Information Modeling (BIM) and AI/ML within the core technology stack.
Xpedeon is a highly mature platform built for engineering and construction companies, serving a wide range of use cases from general contractors, professional contractors, house builders, real estate developers, and engineers to orders. Xpedeon empowers organizations to have a complete digital Make transformation possible.
“The global market for construction software is $23 billion By 2031. Our hard work and dedication to this industry over the past decade has allowed us to build a strongly positioned construction software product portfolio that captures significant market share. Through the Xpedeon SaaS platform, we can deliver solutions to businesses of all sizes. We are delighted that Norwest Venture Partners have chosen to be a part of this very exciting journey in embracing and unfolding our vision. ” Janak VakariaChief executive officer.
“The construction sector has historically seen low digital adoption, with most companies relying on manual processes or point solutions, resulting in lower overall productivity. Xpedeon is a Fortune 500 Providing a fully integrated construction-specific SaaS platform to serve businesses and developing their own robust technology, Janak and Seema have built a profitable business for themselves and We are delighted to partner with them on their growth journey as they digitally transform the construction business.” Niren ShahManaging Director, Head of North West India.
About Xpedeon
Headquartered in Xpedeon Mumbai We operate across the UK, middle east When Indiais an enterprise SaaS provider for the engineering and construction industry. The company offers a unified, vertically integrated SaaS platform that encompasses modules such as finance, construction management, human resources, and payroll. Over the years, Xpedeon has worked with major clients to help them achieve their full-fledged digital transformation. For more information about us, please visit https://www.xpedeon.com.
About Norwest Venture Partners
Norwest Venture Partners is a global multi-tier investment firm with approximately $12.5 billion We have funded over 650 companies in the last 60 years. Norwest Venture Partners focuses on early to mid-stage venture capital and growth equity investments across a variety of sectors including SaaS, Fintech, Insurance, Consumer Technology, B2B, Healthcare and Logistics. Notable investments include OfBusiness, Swiggy, Amagi, Xpressbees, Gong, Harness, DemandBase, Vast Data and Dremio.Norwest has offices Palo Alto, San Francisco, IndiaWhen IsraelFor more information visit nvp.com or twitter.com/@NorwestVP.
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