PypeServer completes series A funding round

Seattle-based PypeServer has completed the initial close of a $1.5 million series A round of financing. Ferguson Ventures, the CVC and strategic partnering arm of Ferguson Enterprises Inc., led the investment round. Ferguson Ventures Managing Director Blake Luse has joined PypeServer's board of directors.

PypeServer will use the funds from this round to increase its range of compatible pipe cutting platforms, tighten its integration with the BIM management and productivity software used by its customers, and expand its marketing and sales efforts. In addition, PypeServer will develop a business-to-business cloud service in collaboration with Ferguson to link customers directly to their suppliers via PypeServer software to simplify the purchase of commodity pipe and custom-cut parts.