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MUMBAI, India, December 20, 2022 /PRNewswire/ — Xpedeon, a vertical cloud-based software platform (SaaS) for the engineering and construction industry, announced that it has closed a round of funding from Norwest Venture Partners. The funding will accelerate Xpedeon’s further growth and strengthen the company’s position as a leading unified construction software company. The company has had a significant impact in the UK, Middle East and: India and plans to expand to North America, Europe and: Asia-Pacific with a new round of financing. A portion of the investment will also be used to further expand and integrate Building Information Modeling (BIM) and AI/ML into its core technology stack.

Xpedeon is a purpose-built, highly mature platform for engineering and construction firms and serves a wide range of general contractors, specialist contractors, homebuilders, real estate developers and engineer-to-order use cases. Xpedeon enables organizations to achieve complete digital transformation within their business using a comprehensive suite of core applications, mobile applications for project site-based users, and digital supply chain portals to conduct e-commerce with vendors and subcontractors.

“The global market for construction projects is expected to reach 23 billion dollars until 2031. Over the past decade, our hard work and dedication to this industry has enabled us to build a portfolio of construction software products that allow us to capture significant market share. With the Xpedeon SaaS platform, we can deliver our solutions to businesses of any size, anywhere. We are delighted that Norwest Venture Partners has embraced our vision and chosen to be a part of this very exciting journey as it unfolds,” they said. Janak VakhariaChief Executive Officer.

“The construction industry has historically seen low digital adoption, with many companies relying on manual processes or point solutions that lead to low overall productivity. Xpedeon provides a fully integrated construction-specific SaaS platform serving Fortune 500 companies and has developed proprietary and robust technology. a shelf that can scale globally. Janak and Seema have built a loaded, profitable business and we are excited to partner with them on their growth journey as they digitally transform construction businesses around the world,” said. Niren Shahmanaging director and head of North West India.

About Xpedeon

Xpedeon’s head office is located in Mumbai Operating in the United Kingdom, Middle East and: India, is an Enterprise SaaS provider in the engineering and construction industry. The company provides a single, vertical, integrated SaaS platform that includes Finance, Construction Management, HR, Payroll, among other modules. Over the years, Xpedeon has worked with marquee clients and has been instrumental in delivering large-scale digital transformations for its clients. For more information about us, visit https://www.xpedeon.com

About Norwest Venture Partners

Norwest Venture Partners is a global, multi-tier investment firm that manages approx 12.5 billion dollars in assets and has funded more than 650 companies over the past six decades. Norwest Venture Partners focuses on early and mid-stage venture capital and growth equity investments in industries including SaaS, Fintech, Insurance, Consumer Technology, B2B, Healthcare, Logistics and others. Some of the notable investments include OfBusiness, Swiggy, Amagi, Xpressbees, Gong, Harness, DemandBase, Vast Data and Dremio. Norwest has offices Palo Alto, San Francisco, Indiaand: Israel. For more information, visit nvp.com or: twitter.com/@NorwestVP.

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