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Synopsis
Bessemer Venture Partners and Bain Capital, a private equity firms, led a $150m Series D round in MaintainX, a maintenance and frontline work execution platform, with participation from D. E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures, and Fifth Down Capital. "Equipment failures cost companies $1.4 trillion annually, and many still rely on outdated tools. We built MaintainX to change that. 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," Chris Turlica, MaintainX CEO and Co-Founder.
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