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Facilio Reviews

Chennai, Tamil Nadu

5.0/ 5

1 review

Facilio, registered legally as Facilio Technology Solutions Private Limited, is a prominent data-first operations and maintenance platform leveraging Internet of Things (IoT) and artificial intelligence (AI) to transform the property operations and facility management industry. Founded in May 2017 by software and IoT veterans Prabhu Ramachandran, Rajavel Subramanian, Krishnamoorthi Rangasamy, and Yogendrababu Venkatapathy, the company was established to address severe operational inefficiencies plaguing commercial real estate portfolios, where fragmented tools traditionally created blind spots, inflated budgets, and complicated regulatory compliance. The company operates globally with a unique corporate structure; it is headquartered in New York City while maintaining significant core operations and engineering centers in Chennai, India. Facilio's workforce consists of approximately 180 globally distributed employees specializing in software engineering, product management, marketing, sales, and customer success. As a SaaS-based PropTech leader, Facilio delivers an enterprise-grade software platform that unifies maintenance management, asset lifecycle tracking, energy optimization, and compliance management into a singular cloud interface. The core offerings are divided into specialized suites: Connected CMMS, Connected Buildings, and Connected Refrigeration. By employing a hardware-agnostic, low-code IoT overlay featuring over 60 pre-built connectors, the platform integrates seamlessly with existing, disparate Building Management Systems (BMS), ERP applications, and financial systems without necessitating expensive custom development or hardware replacements. Facilio targets mid-market to enterprise clients managing multi-site portfolios across diverse industries, including commercial real estate, multi-location retail chains, corporate campuses, healthcare systems, and educational facilities. Key product milestones include the early launch of core maintenance tools, subsequent modules for energy monitoring and tenant experiences, and the recent introduction of AI-driven predictive maintenance and autonomous AI agents designed to automate complex facilities workflows. Financially, Facilio is an unlisted private entity that has achieved substantial institutional backing. It has raised approximately $45.9 million in total funding across multiple investment rounds. Its early growth was accelerated by a $1.5 million seed round in early 2018, followed by a $6.4 million Series A funding round in December 2018 led by prominent venture capital firms Accel and Tiger Global Management. In February 2022, the company secured a $35 million Series B funding round from Dragoneer Investment Group and Brookfield Growth, the growth equity arm of global real estate giant Brookfield. This capital injection has fueled further technological innovation, market penetration, and international expansion. Through strategic partnerships with tier-one global facility management service providers like CBRE, and automated deployments for major commercial networks, Facilio continues to drive real-time operational visibility and support long-term green energy, carbon efficiency, and net-zero sustainability goals for building operators worldwide.