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Facilio raises $6.4 M in Series A funding led by Tiger Global and Accel Partners

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Facilities management startup Facilio announced that it has raised $6.4 million in Series-A funding, in a round led by Tiger Global and existing investor Accel Partners.

The startup offers facilities optimisation using artificial intelligence (AI) and internet of things (IoT), and the funds raised will help the team to pursue their expansion and consolidation plans and will also come in handy to do R&D for product innovation.

Prabhu Ramachandran, Founder and CEO, Facilio, said in a press statement,

"Buildings today need agility to adapt to a rapidly transforming landscape. Legacy systems, high upfront costs and long implementation cycles of traditional facilities management........

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