Investor Backing & Capital Strength:
Capital raised through a $127M Series C in March 2025 at a “unicorn” valuation, with participation from Meritech, BOND, and SE Ventures, signals ample resources and external confidence to fund scaling. External trackers align on the round’s timing and size, reinforcing the financing milestone.
Strong Revenue Growth:
Leadership stated revenue doubled in both 2023 and 2024 following earlier rapid increases, indicating strong top-line momentum that typically fuels hiring and product investment. This cadence was cited in March 2025 coverage.
Market Expansion:
Plans for a major East Coast hub in Raleigh with roughly 290–291 jobs and the launch of a Certified Partner Program “to meet growing demand” show geographic and channel expansion to serve rising implementations. Engagement with NECA as an Ambassador Sponsor further extends reach in the electrical contractor segment.
