MaintainX Raises $50M in Funding

MaintainX, a San Francisco, CA-based provider of a maintenance and frontline work execution platform, raised $50M in funding. The company intends to use the funds to accelerate its feature roadmap, with additional AI-driven predictive capabilities and data-driven functionality. As a mobile-first platform, It delivers a modern, IoT-enabled solution for maintenance, reliability, and operations teams. In addition to funding, MaintainX is introducing new products to streamline maintenance operations and drive data-driven decision making. These include: • AI-powered Maintenance Operations: A suite of AI tools that empower frontline teams and improve overall data quality to quickly digitize paper-based SOPs and maintenance procedures, improve the efficiency of frontline workers, and help prevent downtime before it happens.