MaintainX, a San Francisco, CA-based provider of a maintenance and frontline work execution platform, raised $50M in funding.
The round, which brought the total amount to $104M, was led by Bain Capital Ventures (BCV) with participation from existing investors Bessemer Venture Partners, Amity Ventures, August Capital and Ridge Ventures. Other investors included Jeff Immelt, Jeff Lawson, Steve Pagliuca, Rob Bernshteyn, Chris Comparato, and Allison Pickens.
The company intends to use the funds to accelerate its feature roadmap, with additional AI-driven predictive capabilities and data-driven functionality.
Led by CEO Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengère-Gosselin and Nick Haase, MaintainX is a 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. As a mobile-first platform, It delivers a modern, IoT-enabled solution for maintenance, reliability, and operations teams.
The company is used by over 6,500 companies worldwide, including Duracell, Brenntag, Cintas, Shell, Titan America, and many more.
In addition to funding, MaintainX is introducing new products to streamline maintenance operations and drive data-driven decision making. These include:
- AI-powered Maintenance Operations: A suite of AI tools that empower frontline teams and improve overall data quality to quickly digitize paper-based SOPs and maintenance procedures, improve the efficiency of frontline workers, and help prevent downtime before it happens.
- Asset Health Insights: In-depth reporting dashboards that give maintenance, reliability and operations leaders real-time insights into the status and condition of assets and maintenance operations across plants and facilities.
- Resource Planning: Workforce planning and scheduling that make it easy to balance workloads across frontline teams and ensure critical work gets done on time.
MaintainX, a San Francisco, CA-based provider of a maintenance and frontline work execution platform, raised $50M in funding. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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