Commercial services platform BuildOps becomes a unicorn, raises $127M

Commercial services tech hasn’t historically been considered “sexy,” but the need for innovation in the space is enormous.

That need has translated into a large fundraise for a company focused on streamlining commercial contracting processes. On Friday, BuildOps, which develops software for commercial services contractors, announced that it has raised $127 million in a Series C round led by Meritech Capital that values the company at $1 billion post-money. 

That valuation is “more than double” the valuation BuildOps reached in its…