MaintainX, founded in 2018, is already used by over 6,500 customers across various industries, including Duracell, Marriott, Volvo, AB InBev, McDonald’s, and the U.S. Department of Agriculture. The company's vision is to create a "zero-downtime future" for industrial operations by using AI and real-time data to preemptively identify and prevent potential breakdowns. The company has seen its revenue grow 13 times since its previous funding round in 2021, indicating investor confidence in its mission and its ability to leverage AI to transform industrial maintenance.
Key takeaways:
- MaintainX, a San Francisco-based startup that provides software for industrial maintenance, has raised $50 million in a Series C funding round led by Bain Capital Ventures, valuing the company at $1 billion.
- The company offers a mobile platform that enables frontline workers to communicate with their managers, track tasks, access manuals and checklists, and report issues in real time. The platform also collects and analyzes data to provide insights for improving operational efficiency.
- MaintainX's software is used by over 6,500 customers across various industries, including Duracell, Marriott, Volvo, AB InBev, McDonald’s, and the U.S. Department of Agriculture.
- The company's vision is to create a "zero-downtime future" for industrial operations by using artificial intelligence and real-time data to preemptively identify and prevent potential breakdowns and operational issues.