MaintainX, a maintenance and asset management platform, announces $150 million in Series D funding. Key investors in this round include Bessemer Venture Partners, Bain Capital Ventures (BCV), D. E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures, and Fifth Down Capital, as well as angel investors Rahul Mehta, co-founder of DST Global, and Dave McJannet, CEO of Hashicorp, among others.
The new round of funding will allow MaintainX to expand its AI and machine health monitoring capabilities and partnerships, advance predictive maintenance solutions and further develop enterprise asset management (EAM) capabilities. This investment brings the total raised to $254M while reaching a new valuation of $2.5 billion.
MaintainX’s approach centers on amplifying human capability rather than replacing it. The platform puts AI-driven insights directly in the hands of both the technician on the shop floor and the executive in the boardroom — both of whom are accountable for uptime, safety and performance. This human-AI collaboration approach transforms maintenance from reactive to proactive operational excellence.
“Equipment failures cost companies $1.4 trillion annually, and many still rely on outdated tools. We built MaintainX to change that,” said Chris Turlica, CEO and co-founder of MaintainX. “In today’s unpredictable global environment. where supply chain disruptions and external cost pressures are hard to control, our mission is more important than ever. I’m proud to see our customers offset external pressures by reducing unplanned asset downtime, parts and labor costs while turning their frontline professionals into the knowledge workers they deserve to be with AI.”
Since its founding in 2018, MaintainX has achieved significant milestones and impact in the industry, including serving over 11,000 companies worldwide, managing 11 million assets across manufacturing, facilities management, food and beverage, distribution centers, and more. It processes over 27 million work orders and 370,000 safety procedures annually.
“MaintainX has achieved remarkable product-market fit by addressing a critical challenge that affects virtually every physical asset-driven industry,” said Byron Deeter, partner at Bessemer. “What impressed us most was the overwhelmingly positive feedback from customers who have transformed their maintenance operations using the platform. Their AI-powered insights are what truly differentiates MaintainX in the market. This intelligent layer transforms raw operational data into predictive recommendations that drive unprecedented value creation.”
