Fundraising Fox

BuildOps

Unicorn Β· $1B

Founded 2018 Β· 617 employees on LinkedIn Β· 26 known investors

BuildOps provides operational management software for commercial contractors, integrating project management, accounting, and AI-driven intelligence to streamline field-to-ledger workflows across North America.

Also known as BuildOps, Inc.

Founders & leadership

BuildOps was founded in 2018 by Alok Chanani.

AC
Alok ChananiCEO

Investors Β· 26

Also in the syndicate Β· 4

Liquid 2Meritech CapitalleadMetaProp B CapitalSE Ventures (Schneider Electric)

Funding

SEC filings, press & company announcements

$127M disclosed across 1 of 3 rounds Β· 2023–2025

Source: company announcements and press reports β€” follow each round's link for the claim.

Valuation Β· disclosed

Disclosed events
$1Bvaluation at Series CMar 2025
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

BuildOps is a Los Angeles-based software company that builds an operations platform for commercial contractors in trades such as HVAC/mechanical, electrical, plumbing, refrigeration, and fire and life safety. The platform combines service management (work orders, dispatch and scheduling, asset management, preventative maintenance, purchasing and inventory), project management (field execution, resource planning, document control including RFIs and submittals, materials and subcontracts, project financials), financials (invoicing, procurement, time tracking), and sales/CRM functions covering quote-to-contract, pipeline management and sales-to-operations handoff.

An AI layer marketed as OpsAI is embedded across the workflows, with role-specific capabilities for field, service, finance and sales; the company cites features such as Smart Dispatch, described as halving technician travel time, and Smart Recap, which converts field notes into customer-facing documentation. Add-on modules extend the core system, including CRM+, Fleet+ (GPS data feeding the dispatch board) and Payments+. Field teams use an offline-capable mobile app to capture time, parts and photos, and the company emphasizes bidirectional integrations that treat the customer's accounting system as the source of truth, naming Sage, Viewpoint and QuickBooks, along with Sage Intacct in a customer account. BuildOps positions its data model as built for commercial sub-units and complex assets rather than residential addresses.

Press coverage of the March 2025 Series C described BuildOps as a field service management software provider serving commercial contractors in the U.S. and Canada, then with over 1,000 customers and about 375 employees; the company's own site later cites more than 1,500 contractors, 500+ employees and a $1 billion valuation.

Founding story

CEO Alok Chanani, a U.S. Army veteran who served as a Captain in Iraq and was awarded the Meritorious Service Medal, later worked in Southern California commercial real estate development, where he observed contractors running multimillion-dollar operations on spreadsheets, texts and WhatsApp. He co-founded BuildOps in Los Angeles in 2018 with Steve Chew. Chanani previously founded a commercial real estate group called USA Commercial and holds an MBA from The Wharton School and a BA in economics from Cornell University. A third co-founder, Neeraj Mittal, was previously director of engineering at ServiceTitan and, as of March 2025 reporting, was no longer with the company; Steve Chew had earlier worked at Microsoft, Nextag and Fundly.

Business model

BuildOps sells software as a service to commercial contracting businesses, with core platform modules plus paid add-ons (CRM+, Fleet+, Payments+) that share data with the core workflows.

SaaS subscriptions priced per user under annual contracts, according to the company's CEO in March 2025 press coverage.

Traction

The company reports more than 1,500 commercial contractor customers across North America and 500+ employees, up from over 1,000 customers and roughly 375 employees reported in March 2025 (itself a 50% headcount increase year over year). The CEO said revenue surpassed seven figures in the first year after the 2020 platform launch, tripled in 2021 and 2022, and doubled in 2023 and 2024, while the company remained unprofitable due to investment in scaling. Company-cited benchmark figures include 76% more revenue per technician, 80% more work handled without added overhead, and an average of 2.6 tools replaced. BuildOps ranked No. 336 on the Inc. 5000 in 2026.

Latest developments

In 2025 BuildOps launched OpsAI, its embedded AI layer, including Smart Dispatch and Smart Recap. In 2026 the company reported winning PropTech Project Management Solution of the Year, ranking No. 336 on the Inc. 5000, publishing a 2026 Commercial Contractor Benchmark Report, and naming Dale Earnhardt Jr. as keynote for its Forge 2026 conference. In May 2026, CEO Alok Chanani was named to the Los Angeles Business Journal's 2026 LA500 list of influential executives.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

BuildOps positions itself as a commercial-only alternative to platforms that originated in residential services, describing itself as the operating system for commercial contracting; its Series C lead investor characterized it as the most complete commercial services operating system in the industry. The company reported unicorn status at a $1 billion valuation in March 2025 and says it serves more than 1,500 commercial contractors in North America.

Exclusive focus on commercial rather than residential work; a single connected system spanning field, office, finance and sales instead of separate tools; a data architecture designed for commercial sub-units and complex assets; bidirectional ERP integrations that treat accounting as the source of truth; and AI embedded in workflows rather than added as a separate product.

Technology

An AI-native, cloud platform with a commercial-specific data structure supporting sub-units and complex assets, bidirectional ERP integrations (Sage, Viewpoint, QuickBooks), an offline-ready mobile application, real-time reporting and analytics, and the OpsAI intelligence layer embedded in workflows for tasks such as dispatch optimization, risk flagging and automated recaps. Following the Series C the company said it would invest further in its API architecture and AI capabilities including predictive maintenance, automated scheduling and real-time project updates. Its team includes engineers and AI scientists previously at Salesforce, Autodesk and Amazon.

Go-to-market

Direct sales supported by booked and weekly product demos, published pricing pages, downloadable guides and benchmark reports, customer success stories, webinars, a partner network, and community marketing through the Forge user conference and the Tyson for the Trades trades-recruitment campaign.

Commercial contracting firms across North America, including HVAC/mechanical, electrical, plumbing, refrigeration, and fire and life safety trades, ranging from smaller shops to large multi-location operators; named customers include J.H. Kelly, Haynes Mechanical, Dynamic Systems, Baker Electric, Service Logic and Jolma Electric. The company also markets to private equity owners of contracting businesses.

Geography

Headquartered in Los Angeles, California, serving commercial contractors across North America, including the United States and Canada.

History

Founded in 2018 in Los Angeles, BuildOps launched its platform in 2020 and built what it calls a commercial core with asset-level data, bidirectional ERP syncing and multi-trade workflows. It held its first Forge user conference in 2023, an event the company says has since grown to more than 600 attendees. In 2024 it launched Tyson for the Trades, a nationwide initiative with Mike Tyson aimed at encouraging young people to enter the skilled trades. In March 2025 it raised a $127 million Series C led by Meritech Capital Partners at a $1 billion post-money valuation, and in 2025 it launched OpsAI. In 2026 the company reported a PropTech Project Management Solution of the Year win, a No. 336 placement on the Inc. 5000, and announced Dale Earnhardt Jr. as keynote speaker for Forge 2026.

Risks & controversies

The company was not profitable as of March 2025, prioritizing aggressive scaling and investment. Co-founder Neeraj Mittal had departed the company as of that reporting. Customer-facing performance figures published by BuildOps derive from its own benchmark report and customer testimonials rather than independent audit, and the CEO declined to disclose revenue figures.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Additional work handled without added headcount (company benchmark report)Jan 202680%
Customers (commercial contractors)May 20261,500 customers
Employee growth year over yearMar 202550%
EmployeesJan 2026500 employees
Forge user conference attendeesJan 2026600 attendees
HeadcountAug 2026617
Inc. 5000 rankJan 2026336 rank
Increase in revenue per technician (company benchmark report)Jan 202676%
Tools replaced on average (company benchmark report)Jan 20262.6 tools
Total funding raisedMay 2026$250M
Valuation (post-money)Mar 2025$1B

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 9

by search overlap
ServiceTitan2055 shared keywordsServiceTitan provides software for private equity firms and their portfolio companies in the trades industry, offering centralized multi-entity management, standardized operations, and consolidated reporting. The platform includes AI-driven analytics for identifying growth opportunities and a marketplace of integrations for productivity and customer experience.
Jobber1341 shared keywordsJobber provides software for scheduling, invoicing, and client management for home service businesses. The platform helps service-based entrepreneurs manage administrative tasks and operations across multiple locations.
Procore1115 shared keywordsAll-in-one construction management software platform
HouseCall Pro1091 shared keywordsHousecall Pro is a software platform for service-based businesses (HVAC, plumbing, electrical, cleaning, junk removal, and appliance repair) to manage scheduling, dispatching, invoicing, and customer communication. The platform serves home service professionals and contractors across 50+ industries.
FieldPulse865 shared keywordsFieldPulse is an all-in-one field service management platform designed for residential and commercial service professionals. It provides features for scheduling, customer communication, invoicing, fleet tracking, and customizable workflows.
Workyard811 shared keywordsWorkyard is a workforce management platform that uses GPS to track field crews, track labor costs, manage scheduling, and support payroll accuracy and compliance. It serves contractors and companies with distributed field workforces, offering native integrations and a developer API.
Autodesk784 shared keywordsAutodesk is a publicly traded developer of design, engineering, and entertainment software, best known for AutoCAD.
Connecteam693 shared keywordsConnecteam is an all-in-one employee management platform offering scheduling, time tracking, HR and skills tools such as training and onboarding, chat, and digital forms. It targets managers of deskless and shift-based teams, with pricing that includes a flat fee for up to 30 users.
SafetyCulture532 shared keywordsSafetyCulture develops a workplace operations platform used by frontline teams to conduct inspections, report issues, and manage safety and quality processes.

Companies competing with BuildOps for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 8

launches, deals, and filings
May 2026
CEO Alok Chanani named to Los Angeles Business Journal 2026 LA500

Co-founder and CEO Alok Chanani was named to the Los Angeles Business Journal's 2026 LA500 list of the 500 most influential executives in Los Angeles business.

source β†—

Jan 2026
PropTech Project Management Solution of the Year and No. 336 on Inc. 5000

BuildOps reported winning PropTech Project Management Solution of the Year and ranking No. 336 on the Inc. 5000 list.

source β†—

Mar 2025
BuildOps raises $127M Series C at $1B valuation

BuildOps announced a $127 million Series C led by Meritech Capital Partners at a $1 billion post-money valuation, with new backers Bond Capital and Schneider Electric's SE Ventures and existing investors Fika Ventures, Next47, StepStone Group and Titanium Ventures. Meritech co-founder Paul Madera joined the board. Total capital raised passed $250 million.

$127M source β†—

Mar 2025
Paul Madera joins board of directors

Meritech Capital general partner and co-founder Paul Madera joined the BuildOps board of directors as part of the Series C financing.

source β†—

Jan 2025
Launch of OpsAI intelligence layer

BuildOps launched OpsAI, an AI layer embedded across platform workflows, including Smart Dispatch (described as cutting technician travel time in half) and Smart Recap, which turns field notes into customer-ready documentation.

source β†—

Jan 2024
Tyson for the Trades initiative with Mike Tyson

BuildOps partnered with Mike Tyson on a nationwide initiative encouraging young people to pursue careers in the skilled trades and highlighting the labor gap.

source β†—

Jan 2023
Inaugural Forge user conference

BuildOps held the first Forge user conference for contractors to shape the product roadmap; the event has since grown to more than 600 attendees.

source β†—

Jan 2020
Commercial platform launch

BuildOps launched its platform, building a commercial core with asset-level data, bidirectional ERP syncing and workflows for multi-trade complexity.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does BuildOps do?
BuildOps sells an AI-native operations platform unifying service, projects and financials for commercial contractors.
Who founded BuildOps?
BuildOps was founded by Alok Chanani in 2018.
Who are BuildOps's investors?
BuildOps's investors include 01 Advisors, 137 Ventures, 1984 Ventures Management, Llc, Alpha Edison, B Capital Group, B4 Capital, Crosscut Ventures, Fika and 14 more.
How much funding has BuildOps raised?
BuildOps has disclosed $127M raised across 1 of its 3 known rounds.