ITpipes, a software company specializing in helping cities manage the maintenance of underground assets such as sewer and storm systems, recently received a $20 million investment 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 various types of underground assets including sewer lines, storm lines, manholes, culverts, laterals, tunnels, and more. With over 300 municipalities currently utilizing ITpipes, the company has a proven track record in the market.
The investment from Trilogy Search Partners and Miramar Equity Partners comes at a crucial time as much of the country’s water infrastructure was built following World War II or earlier, according to the EPA. As a result, there is a significant need for technologies like ITpipes to help ensure the proper maintenance and management of these critical underground assets. Trilogy Search Partners highlighted the tremendous opportunity for ITpipes’ technology to enhance the well-being of communities across the country, which was a key factor in their decision to invest in the company.
ITpipes was originally based in Albuquerque but has since relocated to Seattle. The company was founded in 2009 and is currently 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 has established itself as a leader in the field of underground asset management software. The company’s software is used by a wide range of municipalities to improve the efficiency and effectiveness of pipeline inspections.
In a statement regarding the investment, Aaron Perrine, managing partner at Trilogy Search Partners, emphasized their confidence in ITpipes’ technology and its ability to make a positive impact on communities nationwide. The investment will enable ITpipes to further develop and enhance its software to meet the evolving needs of cities and municipalities as they work to maintain their underground assets. By providing advanced tools for the collection, analysis, and management of pipeline inspections, ITpipes is helping cities address critical infrastructure challenges.
As cities and municipalities grapple with aging water infrastructure and increasing maintenance costs, technologies like ITpipes are becoming essential tools for asset management. By leveraging software to streamline inspections and improve data analysis, cities can more effectively prioritize maintenance and repair efforts. ITpipes’ investment from Trilogy Search Partners and Miramar Equity Partners demonstrates the growing interest in innovative solutions for managing underground assets and highlights the company’s potential for continued growth and impact in the industry.
Overall, ITpipes’ recent investment reflects the increasing importance of technology in addressing infrastructure challenges faced by cities and municipalities. With a focus on underground asset management, ITpipes is helping cities across the country maintain critical infrastructure and improve the well-being of their communities. The software company’s success and continued growth signal a shift towards more advanced and efficient tools for managing water infrastructure, laying the foundation for a more sustainable and resilient future for our cities.
