News Summary

BuildOps, a Los Angeles-based startup specializing in software for commercial services contractors, has raised $127 million in a Series C funding round, elevating its valuation to $1 billion and granting it unicorn status. This significant investment, led by Meritech Capital Partners, brings BuildOps’ total funding to over $250 million. Founded in 2018, BuildOps offers an AI-powered field service management platform that assists contractors in the U.S. and Canada with project management, service, dispatching, and invoicing. The company has experienced rapid growth, tripling its revenue in 2021 and 2022, and doubling it in 2023 and 2024. The new funding will be used to expand headcount, enhance product development, and explore strategic acquisitions. BuildOps’ platform is noted for its configurability and usability, enabling contractors to increase efficiency and profitability. The funding round also saw participation from Bond Capital, Schneider Electric’s SE Ventures, and existing investors.