ITpipes, a software company focused on helping cities manage maintenance of underground assets such as sewer and storm systems, recently received $20 million in funding from Trilogy Search Partners and Miramar Equity Partners. The company’s software is designed to streamline the collection, analysis, and management of pipeline inspections for sewer lines, storm lines, manholes, culverts, laterals, tunnels, and other underground assets. Currently, over 300 municipalities utilize ITpipes for their inspection needs.
The investment in ITpipes was made due to the company’s proven track record in the market and the potential for its technology to have a positive impact on communities throughout the country. Aaron Perrine, managing partner at Trilogy Search Partners, expressed confidence in the company’s ability to enhance the well-being of communities with its innovative software solutions. With the aging water infrastructure in the United States, there is a growing need for effective tools and technologies to manage and maintain underground assets efficiently.
According to the Environmental Protection Agency, most of the country’s water infrastructure was constructed following World War II or earlier. This highlights the significant need for solutions such as those provided by ITpipes to help cities and municipalities effectively manage their underground assets and ensure the proper maintenance of essential infrastructure. With the rise of urbanization and population growth, the demand for reliable and efficient infrastructure management tools has become increasingly critical.
ITpipes was originally based in Albuquerque but has since relocated to Seattle. The company was founded in 2009 and is now led by CEO Ned Bebawy, who previously served as the COO of AutoLeap before joining ITpipes last year. With a team of 60 employees, ITpipes is well-positioned to continue expanding its reach and impact in the market. By providing municipalities with comprehensive and user-friendly software solutions for pipeline inspections, ITpipes is playing a crucial role in the maintenance of essential underground assets.
The funding from Trilogy Search Partners and Miramar Equity Partners will enable ITpipes to further develop its technology, expand its customer base, and enhance its overall offerings. This investment will allow the company to continue innovating and providing municipalities with the tools they need to efficiently manage their underground assets. With a strong track record and a dedicated team, ITpipes is poised to make a significant impact on the infrastructure management industry and help cities across the country improve the maintenance of their essential underground assets.
Overall, ITpipes’ focus on streamlining the collection, analysis, and management of pipeline inspections for underground assets is proving to be invaluable for municipalities across the country. With the support of investors like Trilogy Search Partners and Miramar Equity Partners, the company is well-positioned to continue growing and innovating in the field of infrastructure management. Through its advanced software solutions and dedicated team, ITpipes is playing a crucial role in ensuring the efficient maintenance and management of essential underground assets for the well-being of communities nationwide.
