Sensera Systems, Inc., announced today that it has closed a $27 million Series B funding round to fuel the company’s growth and innovation in AI-powered jobsite intelligence. Leading the round was 10 Atlantic Group, LLC (“TAG”) with additional investment by Egis Capital Partners and MUUS Asset Management.
“TAG’s focus and dedication to the construction industry makes them a perfect partner as we set our sights on the next phase of development in our AI strategy and growth as a company,” said Robert Garber, chief executive officer at Sensera Systems. “Their investment in our business ensures that we can provide our customers with the best technology and support in the industry.”
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TAG has a deep investment thesis in commercial security and construction technology. The firm’s strategy is to work side by side with management teams to accelerate growth and build successful businesses with long-term strategic value.
“We are excited to lead this Series B round in Sensera,” said Toby Rando, managing partner at TAG. “The company’s mission of building construction technology to deliver better job outcomes aligns perfectly with our portfolio strategy. We believe in the product market fit as well as the Sensera team’s ability to execute against growth goals.”
Sensera is focused on solving the day-to-day challenges of the construction industry by enabling project teams to deliver safe, secure and successful projects on time and on budget. The company’s product is purpose-built for rugged environments. Specifically, Sensera’s SiteCloud software uses AI to deliver insights from onsite video capture directly to mobile devices in real-time so field teams can make informed decisions quickly.
“The Series B round is a continuation of Egis’ partnership with Sensera since 2023 and a testament to Sensera’s leadership position in the construction technology ecosystem,” said Annie Lan, lead partner from Egis Capital Partners. “The growth capital and expanded investor base solidifies Sensera’s ability to create more value with video-based actionable insights for the construction industry that drive effective collaboration among constituents in real estate and infrastructure development.”
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