MaintainX Raises $150M, Eyes Global Expansion

MaintainX, a San Francisco-based startup specializing in AI-driven maintenance and asset management, has raised $150 million in a Series D round, bringing its valuation to $2.5 billion and total funding to $254 million. Key investors include Bessemer Venture Partners, Bain Capital Ventures, and D.E. Shaw Ventures. The company serves over 11,000 customers globally, using AI to streamline equipment monitoring, predictive maintenance, and asset tracking. The new funding will accelerate development of AI and machine health monitoring tools, expand enterprise asset management solutions, and support entry into new markets, including the US government sector and international regions such as South America and Europe. CEO Chris Turlica highlights that MaintainX's technology is designed to enhance the effectiveness of frontline workers rather than replace them. This fundraising underscores strong investor confidence in AI-powered industrial solutions amid broader trends in AI sector investment.