Maintainx Makes Equipment And Regulatory Downtime A Thing Of The Past With $50M In New Funding
12/06/23, 3:21 PM
Location
san franciscoIndustry
software development
Investors
Allison Pickens The Former Coo Of Gainsight, Chris Comparato The Chairman And Ceo Of Toast, Rob Bernshteyn The Ceo Of Coupa Software, Steve Pagliuca, Jeff Lawson The Ceo Of Twilio, Jeff Immelt, Ridge Ventures, August Capital, Amity Ventures, Bessemer Venture Partners, Bain Capital Ventures
MaintainX, the leading maintenance and frontline work execution platform, today announced $50M in Series C funding led by Bain Capital Ventures (BCV) with participation from existing investors Bessemer Venture Partners, Amity Ventures, August Capital and Ridge Ventures. Other strategic new investors include Jeff Immelt the former CEO of GE, Jeff Lawson the CEO of Twilio, Steve Pagliuca a Senior Advisor to Bain Capital, Rob Bernshteyn the CEO of Coupa Software, Chris Comparato the Chairman and CEO of Toast, and Allison Pickens the former COO of Gainsight. The new capital will accelerate the MaintainX feature roadmap, with additional AI-driven predictive capabilities and data-driven functionality. Following the company's Series B in June 2021, this investment brings total funding to $104 million while achieving a valuation of $1 billion.
Company Info
Location
185 clara street, suite 101c
san francisco, california, united states
Additional Info
MaintainX is the leading maintenance and frontline execution platform designed specifically for industrial and frontline teams. It helps companies streamline maintenance operations, improve asset management, and manage regulatory compliance and audits—all while delivering insights that can improve the bottom line. As a mobile-first platform, MaintainX delivers a modern, IoT-enabled solution for maintenance, reliability, and operations teams. MaintainX is trusted by over 6,500 companies worldwide, including companies like Duracell, Brenntag, Cintas, Shell, Titan America, and many more. The company was founded in 2018 by Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengère-Gosselin and Nick Haase.