This funding brings MaintainX's total external funding to $254 million, supporting its expansion of an AI-powered maintenance platform.

Founded in 2018 and headquartered in San Francisco, MaintainX offers a cloud-based platform that automates maintenance and operational tasks, serving over 11,000 companies worldwide.

The platform manages over 11 million assets across industries such as manufacturing, facilities management, and food and beverage, and has achieved notable results like reducing downtime by 34% and cutting maintenance costs by up to 32%.

MaintainX has announced a $150 million Series D funding round, which values the company at $2.5 billion and more than doubles its valuation since December 2023.

MaintainX's platform integrates AI and IoT to provide real-time operational insights, helping companies shift from reactive to proactive maintenance.

The company aims to transform asset management by offering real-time insights and AI-driven recommendations to both technicians and executives, reducing unplanned downtime and increasing operational efficiency.

The new funding will be used to enhance AI capabilities, develop predictive maintenance solutions, expand market reach, and attract talent to address the skilled labor shortage.

This investment will also support expanding sensor-agnostic monitoring, accelerating industry and geographic growth, and advancing enterprise asset management.

Major clients include McDonald's, Anheuser-Busch InBev, and Dutch Bros Coffee, highlighting the platform's broad industry adoption.

MaintainX has been recognized for its innovation, ranking in the Deloitte Technology Fast 500, and leading in enterprise asset management according to G2 and Verdantix.

The platform processes over 27 million work orders and 370,000 safety procedures annually, reflecting its scale and efficiency.

Since its founding, MaintainX has served over 11,000 companies globally, managing more than 11 million assets and achieving significant operational improvements.