ITpipes Secures $20 Million in Funding
ITpipes, a Seattle, WA-based provider of pipeline inspection software, has secured $20 million in equity financing.
The investment comes from Trilogy Search Partners and Miramar Equity Partners.
Founded in 2015, Trilogy Search Partners is a private equity investment firm based in Bellevue, Washington. The firm focuses on investments in the healthcare, information technology, and business products and services sectors.
Miramar Equity Partners is a Dallas-based investment firm that collaborates with executives to invest in industry-leading mid-sized businesses. Backed by Miramar Holdings, the firm provides flexible, long-term capital for growth and liquidity, without the constraints of traditional private equity funds.
The company will use the funding to scale operations, enhance customer service, and develop cutting-edge products, including advanced AI-driven condition assessment technology.
ITpipes specializes in pipeline inspection software that helps municipalities and other organizations manage and maintain their underground infrastructure, such as sewer and stormwater systems. Their platform offers comprehensive tools for inspection, condition assessment, and data management. With a commitment to innovation and customer satisfaction, ITpipes continues to set the industry standard in pipe inspection technology. Current products include ITpipes Field, ITpipes Office, and ITpipes Assisted Inspection Coding (AIC).
Funding Details
Company: ITpipes LLC
Raised: $20.0M
Round: Equity
Funding Date: August 2024
Investors: Trilogy Search Partners, Miramar Equity Partners
Company Website: https://itpipes.com/
Software Category: Pipeline Inspection