Fiix provides a cloud-based maintenance and asset management software platform that helps businesses plan and schedule maintenance to increase production and reduce unplanned downtime. The platform targets production- and equipment-intensive verticals such as manufacturing, energy, and construction. Led by CEO James Novak, the company offers tools aimed at improving operational uptime and maintenance efficiency. Fiix closed a $40M Series C to support its growth and technology investments. The company intends to use the funds to scale its go-to-market capacity and make key investments in technology. Fiix is exploring AI, IoT and predictive maintenance capabilities as areas for future development. Fiix provides asset-management and maintenance workflow software designed to simplify work orders, asset tracking, and inventory for operations teams. The product emphasizes ease of use compared with complex legacy asset management systems and is available on mobile phones so managers and employees can monitor, approve, and issue work orders. Fiix positions that real-time prioritization and communication help teams spot problems earlier and prevent costly failures. The market opportunity has grown as sensors have become cheaper and easier to install, enabling more proactive maintenance approaches. Fiix faces competition from startups like UpKeep but aims to capture customers by reducing time barriers to starting maintenance work. The company recently raised $12 million in a new financing round led by BuildGroup.

Total raised

$52M

Funding rounds

2

Latest round

Series C

Latest activity

Jan 2019