Locusview Acquisition, Valuation, Funding & Investors

Locusview was acquired by Itron for $525M in November 2025.

Locusview acquisition price

$525M

Acquired by Itron · Nov 2025

Cumulative funding Locusview raised

$77M

across 3 funding rounds

Key investors in Locusview

  • OurCrowd
  • ClalTech
  • Israel Growth Partners
  • Clal Insurance
  • LIP Ventures Boutique
  • Leumi Partners
  • Discount Capital

Locusview Overview

About Locusview

Locusview is a Digital Construction Management platform for energy, telecom, and water utilities, based in Calgary, Canada. Its cloud solution manages linear infrastructure projects from engineering design through commissioning, serving clients like Enbridge and AT&T. The platform captures as-built data via mobile apps with GPS and barcode scanning, integrating with Esri ArcGIS and Oracle Primavera. Locusview automates redline markups and stakeholder approvals, reducing project delays by 25%. Features include digital twins for asset handover and AI-driven quality checks. Deployed on 10,000+ km of pipelines, it supports IFRS compliance for capitalization.


Founded

2014

HQ

United StatesChicago, IL

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$525M (acquired Nov 2025)

Locusview Acquisition

Locusview was acquired by Itron for $525M on 17 November 2025.

Before the acquisition Locusview had raised $77M across 3 funding rounds.

Itron announced on 17 November 2025 that it had signed a definitive agreement to acquire Locusview for USD 525 million in cash. The agreement was expected to close in January 2026 subject to customary conditions, and Itron later reported that the acquisition closed on 5 January 2026. OurCrowd's official exits page identifies Locusview as an OurCrowd exit and names Itron as the acquirer. Itron said Locusview would join its Resiliency Solutions segment and extend its capabilities for utilities undertaking grid modernization and infrastructure construction. Locusview provides digital construction management software that links design, field work, geospatial data capture and asset handover for electric, gas, water and telecommunications networks. The company was founded in 2014 and said its system had supported more than one million capital projects by the announcement date. Itron funded the purchase from cash on hand and described Locusview's project data as complementary to its connected utility devices, networks and analytics. The USD 525 million figure is the disclosed purchase price for Locusview rather than a financing round or an amount attributable to a broader package.

Locusview acquisition details
AcquirerDateTypePrice
17 Nov 2025Strategic M&A$525M

Sources: locusview.com, investors.itron.com, ourcrowd.com

Locusview Funding History

Locusview has raised a total of $77M across 3 funding rounds.

Locusview's first fundraising round was a $5M pre-seed round in March 2018. The most recent completed round was a $64M Series A in April 2021.

Locusview funding rounds

Locusview funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2021Series AIsrael Growth Partners (lead); Discount Capital; Leumi Partners; LIP Ventures Boutique; ClalTech; Clal Insurance; OurCrowd$64MLocusview, founded in 2014, develops a Digital Construction Management (DCM) platform for energy, telecom, and water industries, focusing on infrastructure capital projects from planning to close-out, with features for field crews, inspectors, and back-office management via mobile and web access. The company, headquartered in Tel Aviv and Chicago with 120 employees across five offices, completed a $64 million Series A funding round on April 28, 2021, led by Israel Growth Partners, with participation from Clal Insurance, ClalTech, Discount Capital, Leumi Partners, and existing investors including OurCrowd, bringing total funding to $80 million. Proceeds were allocated to global expansion into electric utilities, product development, team growth to double staff by year-end, and acquisition opportunities. At the time of the round, Locusview reported rapid growth with revenue in the tens of millions of dollars, large deployments in the US among over 20 major utility companies, and plans to enter Europe, Australia, India, and Latin America. Israel Growth Partners highlighted the company's position to lead digital transformation in infrastructure construction, noting nearly $500 billion annual investment in energy and telecom infrastructures. CEO Shahar Levi emphasized supporting growing demand from customers alongside an aggressive M&A strategy. The 2021 round marked Locusview's primary significant funding, after which it operated profitably without further external capital. In a notable development, Locusview was acquired by Itron for $525 million in an all-cash deal announced November 17, 2025, expected to close January 2026, following management of over one million US energy-infrastructure projects worth tens of billions and serving more than 25 major utilities and 150 contractors.
May 2019SeedOurCrowd$8M-
Mar 2018Pre-seed-$5M-

Who has invested in Locusview?

7 investors have backed Locusview across its funding rounds, including OurCrowd, ClalTech, Israel Growth Partners, Clal Insurance, LIP Ventures Boutique and Leumi Partners.

Lead investors include Israel Growth Partners.


Locusview Investors

Investors in Locusview by funding rounds participated
InvestorHQRoundsRoleFirst check
OurCrowdIsraelJerusalem2ParticipantMay 2019
Discount CapitalIsraelTel Aviv1ParticipantApr 2021
Leumi PartnersIsraelTel Aviv1ParticipantApr 2021
LIP Ventures BoutiqueMexicoMexico City1ParticipantApr 2021
ClalTechIsraelTel Aviv1ParticipantApr 2021

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Acquisitions by Locusview

Locusview has acquired 1 company to date.

Last acquisition by Locusview was on April 6th 2018. Locusview acquired LocusView Solutions for undisclosed valuation.


Latest Acquisitions by Locusview

LocusView Solutions
Description
LocusView Solutions is a utility software company that GTI International launched in Chicago in 2014 to bring commercial-scale mobile geospatial products and services to natural gas operators, building on technology developed with industry support. Its Digital Construction application gave utilities a paperless process for capturing and validating construction data in real time, using GPS, barcode scanning and sensors to record materials, fusions and joints, operator qualifications and pressure tests and to feed the data into GIS and other enterprise systems. Its Intelligent Inspection product applied a risk-based statistical model to prioritise inspections of workmanship quality, compliance and safety on construction work. The company also carried asset lifecycle tracking technologies developed by GTI and sold its products to gas utilities across the United States. In April 2018 GTI sold it to NortecView, the Israeli developer of its mobile platform, and the two later combined into one company under the Locusview name.
HQ CountryUnited States
HQ City
Chicago, IL
Deal Date6 Apr 2018
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Locusview Competitors

Locusview competitors include listed companies like IVU Traffic Technologies and TomTom, and private ones like FLASH, Andpad, Phantom Auto and Zinier.

Public and private companies comparable to Locusview
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FLASHUnited StatesAustin, TXPrivate--$1B-
IVU Traffic TechnologiesGermanyGermanyPublicly listed$170M$26M$517M2.5x
AndpadJapanTokyoPrivate--$537M-
TomTomNetherlandsNetherlandsPublicly listed$622M$18M$509M0.5x
Phantom AutoUnited StatesUnited StatesPrivate$37M-$500M13.5x
ZinierUnited StatesSan Francisco, CAPrivate--$500M-

Locusview Public Comps

Locusview is no longer listed, but its public comps include Merko Ehitus, ACICO Group, Grupo Empresarial San, IVU Traffic Technologies, Wilson Bayly Holmes-Ovcon, Lycopodium, TomTom, Kalpataru, Hindustan Construction Co and AVAX.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Merko Ehitus$349M$52M1.5x-10.3x-
ACICO Group$261M$48M3.5x-18.9x-
Grupo Empresarial San$1.8B$76M----
IVU Traffic Technologies$170M$26M2.7x2.5x17.3x14.9x
Wilson Bayly Holmes-Ovcon$1.7B$111M0.2x0.2x2.5x2.5x
Lycopodium$259M$41M1.8x1.5x11.5x9.8x
TomTom$622M$18M0.5x0.5x16.0x5.8x
Kalpataru$330M$137M4.3x4.3x10.3x109.1x

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Common questions about Locusview

When was Locusview founded?Locusview was founded in 2014.
Where is Locusview headquartered?Locusview is headquartered in Chicago, IL, United States.
Is Locusview publicly listed?No, Locusview was acquired by Itron in November 2025.
Who acquired Locusview?Locusview was acquired by Itron in November 2025.
How much was Locusview acquired for?Locusview was acquired for $525M in November 2025.
How much funding has Locusview raised?Locusview has raised $77M across 3 funding rounds.
What was Locusview's last funding round?Locusview's last funding round was a $64M Series A in April 2021, led by Israel Growth Partners.
Who are Locusview's investors?Locusview's investors include OurCrowd, Discount Capital, Leumi Partners, LIP Ventures Boutique, ClalTech, Clal Insurance and Israel Growth Partners.
Which companies are comparable to Locusview?Companies comparable to Locusview include FLASH, IVU Traffic Technologies, Andpad, TomTom, Phantom Auto and Zinier.
How many companies has Locusview acquired?Locusview has acquired 1 company, including LocusView Solutions.

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