Canvas Category Software : Operational Technology : Connected Worker

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Primary Location San Francisco, California, United States

Financial Status VC-B

We make our customers’ day to day more efficient. MaintainX digitizes the paper-based procedures, work orders, inspection logs, and audit checklists used daily in thousands of businesses worldwide.

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MaintainX Makes Equipment and Regulatory Downtime a Thing of the Past With $50M in New Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: MaintainX, Bain Capital

MaintainX, the leading maintenance and frontline work execution platform, 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.

Read more at Business Wire