ITPipes scores $20M to improve municipal water infrastructure

Description:

ITpipes, a Seattle-based software startup, has raised $20 million from Trilogy Search Partners and Miramar Equity Partners to help cities manage underground infrastructure maintenance. The company's platform simplifies pipeline inspection processes for over 300 municipalities, covering assets like sewer lines, storm drains, and manholes. Founded in 2009 and now led by CEO Ned Bebawy, ITpipes aims to modernize the management of aging U.S. water infrastructure by providing an intuitive system for integrating inspection data and improving decision-making efficiency.

Leadership:

• Ned Bebawy - CEO

• Lucas Lima - COO

• Kevin Knoepp - CTO

Investors:

• Trilogy Search Partners - Bellevue, WA-based VC investing in SaaS, healthcare, and tech

• Miramar Equity Partners - Dallas-based single family office investing in vertical-market software, communications infrastructure, healthcare, business services, tech, etc.

Sources:

• https://techstartups.com/2024/08/13/seattle-based-startup-itpipes-raises-20m-to-help-cities-streamline-pipeline-inspections/

• https://itpipes.com/our-company/meet-the-team/

• https://trilogy-search.com/approach

• https://miramarequity.com/what-we-look-for.php