BuildOps, a Los Angeles, CA-based management software platform provider for commercial services contractors, has raised $127 million in Series C funding at a $1 billion valuation.
Investors
The round was led by Meritech Capital, with participation from Bond Capital, Schneider Electric’s SE Ventures, and existing investors, including Fika Ventures, Next47, StepStone Group, and Titanium Ventures.
Meritech Capital Partners is a venture capital firm specializing in late-stage and growth-stage investments in technology companies. The firm has raised approximately $2.6 billion across four funds and specializes in finance, venture capital, and late-stage investment management. It was founded in 1999 and is headquartered in Palo Alto, California.
BuildOps Use of Funds
The company plans to use the new capital to expand its headcount, enhance product and technology development—particularly its API architecture—and pursue strategic acquisitions.
About BuildOps
Founded in 2018, BuildOps provides AI-powered field service management software designed to improve the efficiency of field technicians and field services companies across the U.S. and Canada. Its platform helps businesses in HVAC, plumbing, mechanical, electrical, and fire and life safety to streamline operations, reduce downtime, and increase profitability. Operating on a SaaS model, BuildOps serves over 1,000 commercial contractor customers. Headquartered in Santa Monica, California, BuildOps integrates various operational aspects such as service and project management, scheduling, invoicing, and more into a single SaaS solution.
Funding Details
Company: BuildOps, Inc.
Raised: $127.0M
Round: Series C
Funding Date: March 2025
Lead Investor: Meritech Capital
Additional Investors: Bond Capital, Schneider Electric’s SE Ventures, Fika Ventures, Next47, StepStone Group, Titanium Ventures
Company Website: https://buildops.com/
Software Category: Field Service Management (SaaS)
Source: https://techcrunch.com/2025/03/21/commercial-services-platform-buildops-becomes-a-unicorn-raises-127m/