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MaintainX, a leader in maintenance and asset management technology, has secured $150 million in Series D funding, pushing its total funding to $254 million and valuing the company at $2.5 billion. The investment, backed by top firms such as Bessemer Venture Partners and Bain Capital Ventures, will enable the company to further scale its AI-driven solutions, advance predictive maintenance capabilities, and expand its market presence globally.

At the core of MaintainX’s platform is a commitment to turning maintenance from a reactive burden into a proactive strategic function. The software leverages artificial intelligence and IoT integrations to unify asset and work intelligence data in real time. Technicians and executives alike can use MaintainX to reduce equipment downtime, optimize performance, and improve safety. Features such as CoPilot provide technicians with instant, accurate guidance, essentially placing an expert in every toolbelt.

The investment arrives as industrial sectors grapple with volatile supply chains, rising costs, and a persistent skilled labor shortage. MaintainX’s technology addresses these challenges head-on by enabling intuitive, AI-assisted workflows that streamline operations and reduce reliance on outdated tools. Its sensor-agnostic infrastructure allows real-time data capture from any industrial control system, further enhancing its scalability across industries.

Currently serving over 11,000 companies globally and managing more than 11 million assets, MaintainX reports that its customers have reduced unplanned downtime by 34%, increased production capacity by 15%, and lowered monthly maintenance costs by up to 32%. The platform processes over 27 million work orders and more than 370,000 safety procedures each year.

MaintainX’s innovation has earned it accolades across the industry, including top rankings in the Deloitte Technology Fast 500, G2’s Summer 2025 Report, and Verdantix’s Green Quadrant CMMS Report. With the fresh capital, the company plans to scale its technology, grow its team, expand into new markets, and help frontline teams worldwide transition into a new era of AI-enabled asset management.

Original article posted on July 9, 2025