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Black Software Company Citiri Secures Series A Funding Round to Transform the Transportation Industry

In a new expansion deal for Atlanta-based company Citiri , the Black-owned software company has just received a Series A growth investment from Pensacola-based RCP Equity to help them transform airport and transportation operations, Black Enterprise reports . Citiri — a leading provider of Operational Readiness software that helps manage major airport and public transportation construction projects — announced the new funding as it looks to scale up and increase its number of new airport and transportation improvement projects, largely brought on by the COVID-19 pandemic, according to a press release . The new funding will also increase the need for greater stakeholder involvement in the commissioning and pre-commissioning processes, and pressure to lower costs as construction budgets are expected to shrink, a press release states . This funding round will ultimately help Citiri serve more airport and public transit customers as well as accelerate expansion into other industries...

Aug 12, 2020