# Sitemark

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sitemark

- Industry: Software
- Headquarters: Leuven, Belgium
- Website: www.sitemark.com
- Total disclosed funding: $4.4M
- Latest round: Series A (Oct 4, 2019)
- Investors on record: 2

## About

Sitemark is a solar management software company that streamlines productivity and performance across solar projects using advanced AI and robotics for inspections and work management.Founded in 2016 in Leuven, Belgium, Sitemark specializes in solar management software that enhances project quality and efficiency. The company has completed 3 deals, with the latest funding round being a Series A of EUR 5.000 mn raised in August 2021 from investors including Chroma Impact Investment and Korys. Sitemark was co-founded by Maxime Bossens and Stanislas Van Der Vaeren.Sitemark offers a comprehensive solar management software platform that enhances productivity, quality, and performance across all phases of solar projects. The platform integrates advanced technologies including artificial intelligence and robotics to automate inspections, streamline work management, and optimize asset performance. Key functionalities include progress tracking, quality assurance, commissioning support, and data-driven site planning, all delivered through a GIS-powered digital twin that comprehensively understands the geospatial and electrical design of solar sites. Sitemark's robust offerings cater to various stakeholders within the solar lifecycle, including asset owners, EPC contractors, O&M teams, and drone service providers, with a client base that spans over 900 companies across more than 82 countries, including markets in Europe, North America, and Asia.Sitemark operates on a subscription-based revenue model, providing access to its software platform and associated services to a diverse client base. Clients typically engage with the platform through tailored subscriptions, with services designed to meet the specific needs of solar project management and maintenance. The company offers an all-in-one solution that includes features such as automated drone flights, AI-powered analytics, customizable forms, and real-time ticketing. Sitemark recorded an EBITDA of EUR -857,360.20 for the most recent year, 2022. The platform is utilized by thousands of users at over 10,000 sites globally, reflecting its established presence and demand within the industry.In August 2021, Sitemark secured grant funding from Microsoft, the details of which remain undisclosed. This funding will be utilized to enhance AI capabilities for automatically detecting and classifying objects on aerial imagery of solar sites worldwide, which will help reduce costs and improve inspection scalability. Sitemark aims to expand its product offerings and further penetrate international markets, although specific new products and targeted regions or timelines for expansion are yet to be disclosed.

## Funding rounds

- Series A, Oct 4, 2019, $4.4M — Korys, Chroma Impact Investment

## Investors

- Korys (https://capitalatlas.ai/funds/korys) — Series A
- Chroma Impact Investment (https://capitalatlas.ai/funds/chroma-impact-investment) — Series A