MaintainX offers an AI- and IoT-driven maintenance and asset management platform that connects asset and work intelligence to deliver real-time, actionable insights to technicians and executives. The platform emphasizes human-AI collaboration, putting AI-driven recommendations in the hands of shop-floor technicians and leaders to shift maintenance from reactive to proactive. MaintainX plans to expand its AI-powered asset and work intelligence capabilities, grow machine health monitoring and predictive maintenance solutions, and further develop enterprise asset management (EAM) features with a sensor-agnostic approach. The company will also accelerate market expansion across industries and geographies and hire talent to support its product roadmap. Financially, MaintainX closed a $150M Series D in this round, bringing total funding to $254M and a new valuation of $2.5B. MaintainX reports serving over 11K companies, managing 11M+ assets, processing 27M+ work orders and 370K+ safety procedures annually, and cites customer results such as 34% reduced unplanned downtime, 15% increased production capacity, and up to 32% monthly maintenance cost savings. MaintainX provides a mobile-first, IoT-enabled maintenance and frontline work execution platform used to streamline maintenance operations, manage regulatory compliance, and deliver asset- and plant-level insights. Its core product digitizes work orders and standard operating procedures to increase productivity for maintenance workers and other frontline staff. The company is introducing AI-powered maintenance operations, Asset Health Insights dashboards, and Resource Planning to add predictive capabilities and improve data quality and workforce scheduling. MaintainX serves over 6,500 customers across manufacturing, logistics, hospitality and facilities management and reports revenue growth of 13x since its Series B. The platform is positioned to turn frontline workers into knowledge workers by combining aging physical assets with smarter machine data and analytics. MaintainX was founded in 2018 and is headquartered in San Francisco. MaintainX provides a management platform that replaces clipboards and spreadsheets with digital tools to streamline workflows for industrial and frontline workers. Its feature suite enables tracking of reactive and preventive maintenance as well as daily operations such as safety and quality inspections and operating checklists, all with a digital audit trail. The company serves customers across heavy industry, municipal maintenance, hospitality, education, and healthcare. MaintainX says it has seen rapid growth since foundation, with revenues growing 12X from early 2020. The company intends to use new funding to accelerate growth and expand operations and business reach. MaintainX was founded in 2018 and is based in San Francisco, CA. MaintainX offers a mobile-first workflow and collaboration platform that digitizes standard operating procedures, safety and training checklists, tooling reports, audits and quality-control inspections for frontline, deskless teams. The product centralizes communication and work orders to replace paper, radios and spreadsheets, and the company says it can boost frontline efficiency by up to 7x. Hundreds of operation-intensive customers — including Marriott, Radisson properties, Subway franchisees and Phillystran — have adopted the platform. More than 1,600 businesses have joined the platform and are ready to start using MaintainX daily, and the company highlights rising daily usage and retention. MaintainX plans to use new funding to grow teams in San Francisco and Montreal and further develop its platform. The company was founded in late 2018 and is positioning itself to serve the large, underserved deskless workforce market.

Total raised

$243M

Funding rounds

4

Latest round

Series D

Latest activity

Jul 2025