BuildOps, a Los Angeles-based tech firm offering a specialized software platform for contemporary commercial contractors, has successfully raised $50 million in funding.
This financing round, which has elevated BuildOps’ total funding to a robust $100 million, was spearheaded by Fika Ventures and 01 Advisors. The latter is a venture capital entity supported by former Twitter CEO Dick Costolo, who will now join the BuildOps board.
The freshly acquired capital will be leveraged to expedite the company’s growth and strengthen its foothold in the market.
Under the leadership of its founder and CEO, Alok Chanani, BuildOps has developed a Software as a Service (SaaS) platform, tailored to commercial service and project-focused trade contractors. This platform aims to streamline workflows and counter industry-specific challenges such as skilled labor shortages and supply chain disruptions. By integrating scheduling, dispatching, contract and inventory management, purchasing, invoicing, and workflow into one comprehensive software suite, BuildOps addresses the needs of commercial contractors of varying sizes – from small businesses employing a dozen individuals to larger enterprises with a workforce of several thousand.