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AssetWatch Valuation, Funding & Investors
AssetWatch is valued at $437M as of April 2025.
Last AssetWatch valuation
$437M
Series C · Apr 2025
Last AssetWatch funding round
$75M
Series C · Apr 2025
Cumulative funding AssetWatch raised
$166M
across 9 funding rounds
Key investors in AssetWatch
OUP (Osage University Partners)
G2 Venture Partners
Triangle Peak Partners
Ikove Capital Partners
Wellington Management
JobsOhio
About AssetWatch
AssetWatch is a condition monitoring service delivering predictive maintenance for manufacturers. It deploys wireless sensors, communication hubs, and machine learning software analyzed by engineers for prescriptive alerts. Westerville-headquartered AssetWatch serves global plants in food processing, chemicals, and metals with remote diagnostics.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$437M (Apr 2025)
AssetWatch Valuation
AssetWatch is currently valued at $437M, based on its Series C in April 2025.
The $75M round was led by Viking Global Investors, with participation from Wellington Management, Harmonic Growth Partners, Triangle Peak Partners, G2 Venture Partners, Spark Growth Ventures and 1 other investor.
AssetWatch's valuation has grown 26x from $17M at its seed round in September 2017 to $437M in April 2025, across 4 priced rounds.
AssetWatch valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2025 | Series C | $437M |
| Feb 2024 | Series B | $160M |
| Sep 2019 | Seed | $44M |
| Sep 2017 | Seed | $17M |
AssetWatch Funding History
AssetWatch has raised a total of $166M across 9 funding rounds.
AssetWatch's first fundraising round was a $1M seed round in June 2015. The most recent completed round was a $75M Series C in April 2025.
AssetWatch funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2025 | Series C | Viking Global Investors (lead); Wellington Management; Harmonic Growth Partners; Triangle Peak Partners; G2 Venture Partners; Spark Growth Ventures; OUP (Osage University Partners) | $75M | $437M | AssetWatch, Inc. is a fast-growing leader in end-to-end predictive maintenance and condition monitoring solutions for industrial manufacturers. The company's AI-powered platform provides real-time insights to help manufacturers eliminate unplanned downtime and optimize asset performance across various industries including food processing and heavy industrial manufacturing. The platform serves hundreds of industrial teams and has expanded to include services such as oil analysis while building top-tier talent and customer base. On April 30, 2025, AssetWatch closed its Series C funding round, raising $75 million and achieving a post-money valuation of $437.0 million as of April 29, 2025. The round was led by Viking Global Investors, with participation from new investor Harmonic Growth Partners and existing investors including Wellington Management, G2 Venture Partners, Triangle Peak Partners, and Osage University Partners. The funding will accelerate the company's continued growth, expand its AI-powered platform capabilities, accelerate go-to-market initiatives to broaden internationally and in new markets, and strengthen its position as the trusted partner for manufacturers. CEO Brian Graham stated that securing the Series C represents a powerful vote of confidence in the company's vision and team. The company has demonstrated exceptional growth across talent, customers, and strategic partnerships, and ranks No. 526 on the 2025 Inc. 5000 list of America's fastest-growing private companies. AssetWatch was advised by Wilson Sonsini Goodrich & Rosati on the transaction. |
| Feb 2024 | Series B | Wellington Management (lead); JobsOhio; Triangle Peak Partners; G2 Venture Partners; Oxygea; Spark Growth Ventures; Standard Investments; OUP (Osage University Partners) | $38M | $160M | AssetWatch is a leading provider of AI-powered condition monitoring and predictive maintenance solutions for manufacturers, helping eliminate unplanned downtime through vibration and oil analysis, expert analysts, and end-to-end remote services. The company shifted from reactive to proactive maintenance strategies, optimizing operations and reducing costs for industrial clients across various sectors. On February 21, 2024, AssetWatch closed a $38 million Series B funding round led by Wellington Management, with participation from existing Series A investors G2 Venture Partners, JobsOhio Growth Capital Fund, Osage University Partners (OUP), Standard Investments, Triangle Peak Partners, and new investors Spark Growth Ventures and Oxygea. Proceeds were earmarked to accelerate innovation in predictive maintenance, expand the business, scale operations, and maintain comprehensive subscription services. The round followed a strong year for AssetWatch, marked by substantial revenue growth, an expanding customer base in manufacturing, and industry awards, underscoring its proven impact on productivity. CEO Brian Graham highlighted the investment as validation of the company's vision to transform maintenance reliability globally. Wellington's Sean Petersen praised AssetWatch's technology, team, and positioning to lead the predictive maintenance sector. Subsequently, AssetWatch raised $1.86 million in a Series B - II round on August 7, 2024, from INX International and Oxygea, and a $75 million Series C led by Viking Global Investors on April 30, 2025, to fuel AI platform expansion, international growth, and go-to-market efforts amid rapid scaling in talent, customers, and partnerships. |
| Jun 2022 | Series A | JobsOhio; Veritus Holdings; OUP (Osage University Partners) | $9M | - | - |
| May 2022 | Series A | G2 Venture Partners (lead); Triangle Peak Partners | $34M | - | AssetWatch is a provider of end-to-end predictive maintenance and condition monitoring solutions, focusing on AI-powered platforms to help manufacturers eliminate unplanned downtime and optimize asset performance. The company has raised significant funding over multiple rounds, with G2 Venture Partners participating in several, including a round on 5/20/2022 listed among their investments alongside Series A - III (2023), Series B (2024), and Series C (2025). Total funding across rounds exceeds $153M to $172.85M from up to 21 investors. The specific May 20, 2022 funding round matches the investors G2 Venture Partners and Triangle Peak Partners. Later rounds include a Series B in February 2024 with a valuation range of $160-$198M and a Series C on April 30, 2025 for $75M led by Viking Global Investors, with participation from G2 Venture Partners, Triangle Peak Partners, and others including Harmonic Growth Partners, Wellington Management, and Osage University Partners. |
| Sep 2019 | Seed | Ikove Capital Partners (lead); Monte Carlo Capital (lead) | $4M | $44M | - |
| Jul 2018 | Seed | - | $1M | - | - |
| Sep 2017 | Seed | Monte Carlo Capital (lead); JOINT JOURNEY | $2M | $17M | - |
| Oct 2016 | Seed | LOUD Capital; Ikove Capital Partners; NCT Ventures; Proton Enterprises | $1M | - | - |
| Jun 2015 | Seed | Ikove Capital Partners (lead); Proton Enterprises (lead) | $1M | - | - |
Who has invested in AssetWatch?
17 investors have backed AssetWatch across its funding rounds, including OUP (Osage University Partners), G2 Venture Partners, Triangle Peak Partners, Ikove Capital Partners, Wellington Management and JobsOhio.
Lead investors include Viking Global Investors, Wellington Management, G2 Venture Partners, Ikove Capital Partners, Monte Carlo Capital and 1 other investor.
AssetWatch Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2015 | ||
| 3 | Participant | May 2022 | ||
| 3 | Lead | May 2022 | ||
| 3 | Participant | Jun 2022 | ||
| 2 | Participant | Jun 2022 | ||
| 2 | Lead | Feb 2024 | ||
| 2 | Lead | Sep 2017 | ||
| 2 | Lead | Jun 2015 | ||
| 2 | Participant | Feb 2024 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Participant | Sep 2017 | ||
This data is available for Pro users. Sign up to see all 17 AssetWatch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAssetWatch Competitors
AssetWatch competitors include listed companies like Vrain Solution and Shenzhen Sunwin, and private ones like ZEDEDA, Aquant, Trunk Tools and Tive.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $400M | - | ||
| Private | - | - | $350M | - | ||
| Private | - | - | $341M | - | ||
| Private | $25M | - | $500M | - | ||
| Publicly listed | $21M | $6M | $307M | 11.5x | ||
| Publicly listed | $20M | ($147M) | $687M | - |
AssetWatch Public Comps
AssetWatch is still privately-owned, but its public comps include Gooch & Housego, Hebei Gongda Keya Technology Group, Yidu Tech, Fixstars, Winner Technology, ECARX Group, AsiaInfo, Stemmer Imaging, Zhengzhou Jiean Hi-tech and Rand Worldwide.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $202M | $27M | 2.5x | 2.2x | 18.7x | 13.7x | |||
| $69M | $9M | 5.7x | - | 45.7x | - | |||
| $122M | ($4M) | 1.4x | 1.2x | (45.0x) | 7.7x | |||
| $62M | $18M | 6.7x | 5.9x | 23.5x | - | |||
| $46M | ($7M) | 9.0x | - | (60.9x) | - | |||
| $848M | ($23M) | 1.1x | 0.9x | (40.7x) | 60.0x | |||
| $940M | $39M | 0.3x | 0.3x | 8.1x | 7.9x | |||
| $118M | $11M | 3.9x | - | 41.7x | - | |||
This data is available for Pro users. Sign up to see all AssetWatch competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AssetWatch
| When was AssetWatch founded? | AssetWatch was founded in 2014. |
| Where is AssetWatch headquartered? | AssetWatch is headquartered in Columbus, OH, United States. |
| Is AssetWatch publicly listed? | No, AssetWatch is a private, VC-backed company. |
| What is AssetWatch's valuation? | AssetWatch was last valued at $437M in its Series C in April 2025. |
| How much funding has AssetWatch raised? | AssetWatch has raised $166M across 9 funding rounds. |
| What was AssetWatch's last funding round? | AssetWatch's last funding round was a $75M Series C in April 2025, led by Viking Global Investors. |
| Who are AssetWatch's investors? | AssetWatch's investors include Ikove Capital Partners, Triangle Peak Partners, G2 Venture Partners, OUP (Osage University Partners), JobsOhio, Wellington Management, Monte Carlo Capital, Proton Enterprises, Spark Growth Ventures, LOUD Capital and 7 others. |
| Which companies are comparable to AssetWatch? | Companies comparable to AssetWatch include ZEDEDA, Aquant, Trunk Tools, Tive, Vrain Solution and Shenzhen Sunwin. |
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