ServiceMax Raises $80 Million Funding to Advance the Future of Field Service

On the heels of a record-breaking year, this additional funding is expected to fuel accelerated growth, deepen product development and support digital transformation and customer experience in verticals such as manufacturing, medical devices, energy, heavy equipment and other industrial markets. "Our mission is to help field service teams keep the world running, and the market to enable them with modern, innovative technology is a $34B opportunity," said Neil Barua, CEO of ServiceMax. Portfolio companies receive funding, strategic advisory and operating support, and can easily join to make giving back part of their business model. Salesforce Ventures has invested in more than 375 companies, including DocuSign, GoCardless, Guild Education, nCino, Twilio, Zoom and others across 22 countries since 2009. Silver Lakes portfolio of investments collectively generates more than $230 billion of revenue annually and employs 370,000 people globally.