July 4, 2020

ServiceMax -$80 Million

 

Pleasanton, CA; 2/24/20

Amount Funded: $80 Million

Type: Growth

Lead Investor: Salesforce Ventures (new investor)

Participating Investor(s): Silver Lake

Company Description: ServiceMax is the global leader in asset-centric field service management, offering cloud-based software that improves the productivity of complex, equipment-centric service execution. Enterprise companies across the globe have turned to ServiceMax to help them keep the world running.

What funding will be used for:

Continue growth, deepen product development, support digital transformation, customer experience in verticals such as manufacturing, medical devices, energy, heavy equipment and other industrial markets. 

Quotes:

“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. We’re proud to continue to deliver the most innovative solutions available with ServiceMax’s field service management solution, to ensure uptime on the world’s most important assets.”

-Neil Barua, CEO, SerivceMax

“ServiceMax has been a force in equipment and asset-centric industries for over a decade. ServiceMax’s solution on the Salesforce Platform has delivered great value for joint customers, and we look forward to further collaboration.”

-Bill Patterson, EVP, GM of CRM Applications, Salesforce

Notes:

  1. ServiceMax counts 400 companies as its clients including Tyco, Kinetico, Sony, BakerHughes and TopCon. 

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

StartupsOne

StartupsOne features relevant, focused news on venture capital funding of technology oriented startup businesses based in North America.

View all posts by StartupsOne →