San-Francisco-based, MaintainX, an AI-powered asset management startup that automates workflow and execution raised $50 million led by Bain Capital Ventures at a $1 billion valuation.
Amity Ventures, Bessemer Venture Partners, Ridge Ventures, and August Capital actively backed the round. Investors Jeff Lawson, Jeff Immelt, Rob Bernshteyn, Steve Pagliuca, Allison Pickens Chris Comparato, and Jennifer Tejada joined the round and helped MaintainX to grow further.
MaintainX $50M At $1B 191M Roof Bloomberg
As reported by Roof Bloomberg, CEO of MaintainX, Chris Turlica said that the funds raised will enable us for AI development and bring new updates to our platform.
Chris further said they planned an advanced AI integration that can predict possibilities on data-driven results. MaintainX Enterprise Asset Management solution is used by many MNCs across the world.
Moreover, MaintainX has managed assets worth $191 million.
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