Overview
Facilio, Inc. is a pioneering enterprise in the PropTech space, specializing in IoT-led property operations. Facilio offers a unified operations and maintenance (O&M) platform powered by IoT, which enhances property management by aggregating building data, optimizing performance, and offering centralized control over portfolio operations. The company strives to make buildings operationally efficient and future-proof the built environment.
Key Figures and Highlights
- Employees: Over 250
- Buildings Managed: Approximately 25,000 globally
- Global Partnerships: More than 50
- Funding: Total of $42.9 million, with a notable $35 million Series B round led by Dragoneer Investment Group and Brookfield in February 2022. Key investors include Accel Partners, Tiger Global Management, and Dragoneer Investment Group.
Core Solutions and Products
Facilio provides an extensive suite of solutions for various sectors such as commercial real estate, corporate facilities, facility management services, healthcare, retail, and education. Notable offerings include:
- Connected CMMS: Enhances facility management and asset performance.
- Connected Buildings and Refrigeration: Optimizes building management with IoT and AI applications.
Founding Vision and History
Established in 2017 by Prabhu Ramachandran (CEO), Raj Subramanian (CPO), Yogendra Babu (CTO), and Krishnamoorthi (Head of Customer Success), Facilio was conceived to revolutionize facility management, transitioning from traditional on-premise systems to agile, cloud-based solutions. The founders bring a wealth of experience from their previous roles at Zoho Corporation.
Leadership Team
- Prabhu Ramachandran - CEO & Co-founder: Oversees Facilio’s development as a leader in the PropTech industry.
- Raj Subramanian - Chief Product Officer & Co-founder: Shapes product strategy, aligning the platform with stakeholders' needs.
- Yogendra Babu - Chief Technology Officer & Co-founder: Leads the technical innovation, drawing on experience from Zoho Corporation.
- Krishnamoorthi - Head of Customer Success & Co-founder: Focuses on customer engagement and operational transparency.
Strategic Initiatives and Future Plans
Facilio plans to expand its global influence and advance its platform's features. Key initiatives include:
- Strengthening IoT integrations for real-time visibility and predictive maintenance.
- Expanding partnerships, mainly in the food retail and grocery sectors.
- Modernizing educational facilities through digital transformation projects.
Recognition and Market Position
Facilio is recognized as a leader in real estate technology, trusted by top real estate brands worldwide. The company's solutions promote efficiency, sustainability, and productivity, transforming management frameworks into smarter, sustainable operations.
Competitive Landscape
Overview
Facilio operates in a competitive market for Facility Management Software, CMMS Software, and Asset Tracking Software. The industry features several strong alternatives catering to similar operational needs.
Main Competitors
- MaintainX: Known for work order management, preventive maintenance, and robust IoT integration, serving over 8,000 businesses globally.
- Limble CMMS: Offers solutions for asset tracking, inventory, and preventive maintenance, noted for cost-saving capabilities.
- Fiix: A cloud-based CMMS with features such as maintenance scheduling and an AI-powered Asset Risk Predictor.
- Eptura Asset: Integrates asset management within a unified platform, enhancing productivity and asset uptime.
Additional Noteworthy Alternatives
- Asset Essentials
- TheWorxHub
- FMX
- eMaint CMMS
- Fracttal
- AkitaBox
Each competitor provides diverse features aimed at efficiency and ease of use, pivotal for managing assets across multiple locations.
Market Dynamics
The competitive landscape is diverse, with each solution offering unique attributes ranging from cloud integration, mobile friendliness, to advanced analytics. The choice of software depends on the specific needs and scale of the organization. Competitors emphasize digitization of workflows and simplifying maintenance tasks, often gravitating towards mobile-first and cloud-based solutions.
Target Audience and Industry Impact
Facilio's competitors target industries such as manufacturing, construction, and retail, where facility management is crucial. Emphasizing sustainability, these solutions aim to enhance operational efficiency in medium to large enterprises globally.
