Satellier, construction industry service co., raises $10M from Sequoia

October 29, 2007 | Matt Marshall

Satellier, a Chicago company that provides services to the architecture, engineering and construction industry, said it has raised $10 million in a second round of funding from Sequoia Capital.
The company said it will open three U.S. offices in the next six months, and a U.K. office and new delivery centers in India within the next 24 months.

Sumir Chadha, managing director of Sequoia Capital India, said in a press release: “As many professional services from law to architecture are moving offshore, we look for leading companies in their fields to have the greatest chance of long-term success. [CEO Michael Jansen’s] vision for the future of Satellier, to create the first ever transnational BIM firm, is poised to change the face of the AEC industry.”

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.