Facilo is a technology company.
Facilo has raised $9.0M across 2 funding rounds.
Facilo has raised $9.0M in total across 2 funding rounds.
Facilio is an AI-driven, cloud-native SaaS platform for property operations and maintenance, enabling real estate owners and operators to aggregate building data, optimize asset performance, and manage portfolios from a single interface.[1][2][3] It serves large enterprises in commercial real estate, healthcare, retail, and higher education by solving inefficiencies in facilities management through IoT integration, predictive analytics, real-time dashboards, and automated workflows that reduce downtime, energy costs, and operational overhead while boosting sustainability and tenant satisfaction.[1][2][3] With over 250 employees, 25,000 buildings connected, and 50+ global partners, Facilio demonstrates strong growth, including reported 40% reductions in asset downtime for clients like Investa.[2][3]
Facilio was founded in 2017 by Prabhu, Raj, Krishna, and Yoge—experienced SaaS professionals who had built enterprise-grade IoT-led products for telecom giants.[2] Their "eureka" moment came from identifying a major gap in the built environment: facility managers relied on outdated, on-premise systems despite hardware advancements, lacking modern cloud solutions akin to ServiceNow for ITSM or Salesforce for CRM.[2] Headquartered initially in Chennai and Bengaluru, India, with a New York presence and a UK entity (Facilio Technologies Limited, incorporated 2023), the company launched an IoT-led platform to future-proof buildings.[2][4][5] Amid the global pandemic, Facilio gained traction as a proptech pioneer, now trusted by major real estate brands worldwide for transforming portfolios into efficient, sustainable operations.[2]
Facilio stands out in the proptech space through these key strengths:
Facilio rides the proptech wave of digital transformation in real estate, where IoT, AI, and cloud tech address aging building infrastructure amid rising demands for sustainability and efficiency.[1][2] Timing is ideal post-pandemic, as enterprises prioritize remote operations, energy compliance, and carbon reduction—Facilio's platform aligns with global net-zero goals by enabling utility benchmarking, fault diagnostics, and portfolio-scale optimization.[2][3] Market forces like escalating energy costs and regulatory pressures favor its model, influencing the ecosystem by pioneering connected buildings and setting benchmarks for SaaS disruption in facilities management, much like CRM pioneers.[2]
Facilio is poised for accelerated expansion, leveraging its 25,000-building scale to deepen AI features like advanced refrigeration optimization and connected CMMS for global enterprises.[2][3] Trends in ESG compliance, edge AI for IoT, and hybrid work will propel demand, potentially growing its partner network and entering adjacent verticals like industrial assets. Its influence may evolve from niche proptech leader to standard for smart buildings, mirroring Facilio's founding vision of ServiceNow-level disruption in property ops—watch for UK/EU growth via its 2023 entity and sustained innovation in predictive analytics.[2][4]
Facilo has raised $9.0M in total across 2 funding rounds.
Facilo's investors include Coral Capital, Lightspeed Venture Partners.
Facilo has raised $9.0M across 2 funding rounds. Most recently, it raised $8.0M Series A in February 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2024 | $8.0M Series A | Coral Capital, Lightspeed Venture Partners | |
| Feb 1, 2023 | $1.0M Seed | Coral Capital, Lightspeed Venture Partners |