It’s Got The X Factor: MaintainX Raises $150 Million In Series D Funding

On July 9, MaintainX announced a $150 million Series D funding round, spread among at least 10 investors. Founded in San Francisco in 2018, the EAM and CMMS software provider is betting on AI-driven maintenance and its mobile-first platform. It offers a strong integration of AI and IoT, allowing real-time condition monitoring, automated work order generation and proactive maintenance. In December 2023, MaintainX raised $50 million in Series C funding, bringing its total funding to date to $245 million, with a $2.5 billion valuation.

The 600-employee-strong firm has been recognized as a market-leading CMMS provider in the 2025 Verdantix Green Quadrant on industrial CMMS. With advanced AI features integrated directly into technician workflows and its CoPilot assistant supporting smart work order creation, asset failure summarization and predictive parts recommendations, MaintainX ranked in the top three for eight of the 12 functional categories in the benchmark. The platform includes a pre-built library of over 10,000 OEM-approved maintenance plans and procedures, helping it earn the second-highest score for asset management in the Green Quadrant.

With these capabilities, MaintainX has established a strong foothold in North America, particularly across manufacturing, construction and transportation sectors. The timing is critical: the manufacturing sector is facing rising uncertainty amid rising tariffs and a shift toward protectionist trade policies, so smaller firms with new plants cannot afford delays in operationalizing assets. As organizations seek manage maintenance costs while ensuring asset uptime for production optimization, spend on CMMS software is forecast to grow from $718 million in 2025 to $1.8 billion in 2030, and many are opting for cost-effective CMMS platforms like MaintainX.

For more information on asset maintenance technologies and best practices, register for the upcoming webinar: How To Shift From A Reactive To Proactive Asset Maintenance Strategy.