Investment to accelerate growth and bolster Company’s best-in-class construction technology offering
SUMMIT, N.J., Aug. 17, 2023 /PRNewswire/ — Egis Capital Partners, a growth-focused private equity firm investing in the safety, security and protection industry, led and closed on a Series A equity investment in Sensera Systems, Inc., a market leader in reliable, easy-to-deploy solar/cellular cameras and real-time jobsite intelligence software. The capital raised will support Sensera’s commitment to enhancing project execution and outcomes for its more than 1800 construction contractor and owner clients. MUUS Asset Management participated in the round. Egis Capital Partners and MUUS bring a combination of security and construction technology experience to support Sensera’s ongoing success as a leading provider of construction technology solutions.
Founded in 2014, Sensera Systems provides flexible, reliable, and affordable site intelligence technology for construction contractors and developers. The Company’s software, cameras, mobile apps, analytics, and value-adding services are designed for projects and entities, both large and small, to enhance productivity, collaboration, security, marketing, and risk and safety management. Sensera has integrated its solution with leading project management system providers such as Procore, Autodesk, and others and continues its commitment to the construction industry through a broader range of technology, AI, and an expanded partner ecosystem. Beyond construction, Sensera provides solutions to hundreds of municipalities, utilities, and infrastructure clients across North America.
“We are excited to partner with Sensera Systems, a proven leader in video management solutions in demanding environments. We have been impressed by Sensera’s founder and management team over the long period of time we have gotten to know them. Sensera has built a best-in-class platform and has shown impressive dedication to understanding the needs of its customers,” said Robert Chefitz, Managing Partner at Egis Capital Partners. “We believe Sensera is a continuation of our successful investments like Alarm.com, Brivo, and ButterflyMX. This is our fourth investment in video management solutions and our second in the construction industry.”
The investment from Egis Capital Partners and MUUS will enable Sensera Systems to continue to provide the construction industry, property owners, municipalities, and critical infrastructure enhanced, intelligent remote monitoring solutions built on Sensera’s video-centric technology. The capital and expertise of Egis will serve to accelerate Sensera’s commitment to continued technological advancement and penetration in existing and adjacent markets.
“We are thrilled to announce this investment from Egis Capital Partners, which will allow us to accelerate innovation and increase the breadth of our product offering,” said Rob Garber, CEO, Sensera Systems. “Sensera was founded to open access to high-quality solar wireless site technology to all, and this new investment will enable us to better serve the global community at large.”