MaintainX Acquisition, Valuation, Funding & Investors
MaintainX was acquired by Autodesk for $3.6B in May 2026, a 26.7x multiple on $135M of revenue.
MaintainX revenue at acquisition
$135M
Last twelve months · May 2026
MaintainX revenue multiple at acquisition
26.7x
EV/Revenue · May 2026
Cumulative funding MaintainX raised
$254M
across 5 funding rounds
About MaintainX
MaintainX is a maintenance and asset management software company founded in 2018 by Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengère-Gosselin, and Nick Haase, headquartered in San Francisco. Its mobile-first platform functions as a computerized maintenance management system (CMMS) and enterprise asset management tool aimed at industrial and frontline teams, digitizing work orders, preventive and predictive maintenance schedules, inspection checklists, safety procedures, parts inventory, and asset records that were traditionally tracked on paper or spreadsheets. The software lets technicians, supervisors, and managers create and assign work, monitor equipment health, document repairs, and generate reporting and analytics, with AI features layered on for natural-language reporting, anomaly detection, and predictive recommendations. It serves manufacturing, logistics, energy, food and beverage, facilities, property management, and other sectors, counting thousands of organizations worldwide among its customers, including large brands such as Duracell, AB InBev, Cintas, and McDonald's. The company raised more than $250 million across multiple rounds from investors including Bessemer Venture Partners, Bain Capital Ventures, August Capital, and D.E. Shaw Ventures, reaching unicorn status in 2023 and a valuation around $2.5 billion. In May 2026, Autodesk announced a definitive agreement to acquire MaintainX in an all-cash transaction valued at roughly $3.6 billion, intended to form part of a new Autodesk Operations Solutions platform, with closing expected later in Autodesk's fiscal year subject to regulatory approval.
Founded
2018
HQ
San Francisco, CAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$135M (May 2026)
Valuation
$2.5B (Jul 2025)
MaintainX Acquisition
MaintainX was acquired by Autodesk for $3.6B on 27 May 2026.
The acquisition price implies a 26.7x revenue multiple on $135M of revenue.
Before the acquisition MaintainX had raised $254M across 5 funding rounds.
Autodesk agreed on May 28, 2026 to acquire MaintainX in an all-cash transaction valued at approximately USD 3.6 billion, funded with a combination of cash on hand and debt financing. The deal is structured as an acquisition of all outstanding shares and vested stock options, subject to customary closing conditions, and was described as Autodesk’s largest acquisition to date. Autodesk said the purchase is intended to strengthen its operations software strategy by combining MaintainX’s maintenance and asset operations platform with Autodesk Operations Solutions. MaintainX’s business is centered on maintenance and operations software used to manage day-to-day asset reliability and operational workflows, and the company was reported to be growing rapidly with ARR expected to exceed USD 135 million in calendar year 2026 at growth above 50 percent. The implied valuation multiple is therefore well above 20x forward revenue based on that ARR figure. MaintainX is a maintenance and operations software provider with a recurring revenue model and a customer base focused on operational efficiency and asset management. The transaction adds a fast-growing operations platform to Autodesk’s broader industrial and construction software portfolio, with the strategic rationale centered on expanding unified capabilities across maintenance, asset operations, and workplace productivity.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 27 May 2026 | Strategic M&A | $3.6B | 26.7x |
MaintainX Valuation
MaintainX is currently valued at $2.5B, based on its Series D in July 2025.
The $150M round was led by Bessemer Venture Partners, with participation from Sozo Ventures, Dave McJannet, Amity Ventures, August Capital, Fifth Down Capital and 4 other investors.
MaintainX's valuation has grown 13x from $191M at its Series B in June 2021 to $2.5B in July 2025, across 3 priced rounds.
MaintainX valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2025 | Series D | $2.5B |
| Dec 2023 | Series C | $1B |
| Jun 2021 | Series B | $191M |
MaintainX Funding History
MaintainX has raised a total of $254M across 5 funding rounds.
MaintainX's first fundraising round was a $4M seed round in March 2019. The most recent completed round was a $150M Series D in July 2025.
MaintainX funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series D | Bessemer Venture Partners (lead); Sozo Ventures; Dave McJannet; Amity Ventures; August Capital; Fifth Down Capital; Founders Circle Capital; D. E. Shaw & Co.; Rahul Mehta; Bain Capital Ventures | $150M | $2.5B | MaintainX, a San Francisco-based maintenance and asset management platform founded in 2018, raised $150 million in Series D funding on July 9, 2025, achieving a $2.5 billion valuation, more than double its prior $1 billion mark from a $50 million Series C in December 2023. Key investors included Bessemer Venture Partners, Bain Capital Ventures, D.E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures, Fifth Down Capital, and angels Rahul Mehta and Dave McJannet, bringing total funding to $254 million. The funding will expand MaintainX's AI capabilities, predictive maintenance, machine health monitoring, and enterprise asset management features, focusing on proactive solutions to cut unplanned downtime and costs in asset-heavy industries like manufacturing, facilities management, food and beverage, and distribution. The platform processes over 27 million work orders and 370,000+ safety procedures annually, helping customers reduce unplanned downtime by 34%, boost production capacity by 15%, and save 32% on monthly maintenance costs. It serves over 11,000 companies managing 11 million+ assets globally. Bessemer partner Byron Deeter highlighted MaintainX's product-market fit and AI-driven transformation of reactive maintenance into predictive operations. The company has earned accolades like top 50 in Deloitte Technology Fast 500, #1 Enterprise Asset Management and CMMS on G2's Summer 2025 Report, Leader in Verdantix 2025 Green Quadrant CMMS, and a spot on the 2025 Forbes Cloud 100. |
| Dec 2023 | Series C | Bain Capital Ventures (lead); Jeff Lawson; Amity Ventures; August Capital; Ridge Ventures; Chris Comparato; Jeff Immelt; Bessemer Venture Partners; Allison Pickens Ventures; Rob Bernshteyn; Stephen Pagliuca | $50M | $1B | MaintainX is a San Francisco-based company founded in 2018 that provides a mobile-first work order and procedure digitization platform for maintenance and asset management, targeting frontline teams in industries like manufacturing, logistics, energy, and facilities management. The platform digitizes clipboards and pencils, enabling real-time data capture, workflow management, preventive maintenance, inspections, and AI-driven features to reduce downtime and optimize operations for deskless workers. It serves thousands of organizations managing millions of assets worldwide. In December 2023, MaintainX raised $50 million in a Series C funding round led by Bain Capital Ventures, with participation from existing investors including Bessemer Venture Partners, Amity Ventures, August Capital, and Ridge Ventures. The round brought the company's post-money valuation to $1 billion, marking its entry into the unicorn club. Funds were intended to accelerate the product roadmap, enhance AI and data-driven functionality, streamline regulatory audits, and scale operations amid growing demand. Bain Capital Ventures highlighted MaintainX's redefinition of maintenance operations through a consumer-grade app that unlocked real-time visibility for industrial organizations. By the time of their follow-on investment in 2025, MaintainX had scaled significantly, but specifics around the 2023 round focused on product innovation for enterprise accounts like those in reindustrializing supply chains facing labor shortages. The Series C built on prior raises including a $39M Series B in June 2021 led by Bessemer and earlier seed funding, bringing total funding to around $150-200M before the subsequent Series D. MaintainX continued rapid growth post-Series C, leading to a $150M Series D in July 2025 at $2.5B valuation co-led by Bessemer and Bain Capital Ventures, with participation from Amity Ventures, August Capital, D.E. Shaw, and others, processing over 27M work orders annually by then. |
| Jun 2021 | Series B | Bessemer Venture Partners (lead); Amity Ventures; August Capital; Ridge Ventures; Vulcan Capital; Oldslip; George Burke; Brandon Deer; Daniel Dines; Oana Olteanu; Crew Capital | $39M | $191M | MaintainX is a mobile-first workflow management platform for industrial and frontline workers that enables teams to manage physical assets, create standard operating procedures, and digitize work orders. The platform is designed to boost productivity across manufacturing, facilities management, food and beverage, and logistics sectors. In June 2021, MaintainX announced a $39 million Series B round led by Bessemer Venture Partners, with participation from Amity Ventures, Vulcan Capital, August Capital, Ridge Ventures, OldSlip Group, alongside UiPath founder Daniel Dines and Head of Strategy Brandon Deer. The round brought total funding to $54 million when combined with the seed round and a previously unannounced $11 million Series A from 2019. The company reported 12x revenue growth since early 2020 and maintained a 98% customer retention rate, serving thousands of companies across more than 20 countries including AB InBev, Titan America, and Ergon to manage hundreds of thousands of physical assets. Byron Deeter from Bessemer joined the board alongside other venture leaders David Hornik, CJ Reim, Peter Yared, and other prominent investors, bringing deep experience in scaling cloud startups to unicorn status. |
| May 2019 | Series A | - | $11M | - | MaintainX raised $3.8 million in a seed round in March 2019 led by Amity Ventures and August Capital to build a mobile-first platform for frontline maintenance teams. The funding addressed the lack of digital tools in industrial operations. In May 2019, the company raised $11 million in a Series A round to expand platform capabilities and reach more industrial customers. |
| Mar 2019 | Seed | Amity Ventures (lead); August Capital (lead); Peter Yared; Leonis Capital; Ridge Ventures; T Fund; Jake Zeller; Milun Tesovic; Jonathan Swanson; StratMinds; TCL Capital | $4M | - | MaintainX raised $3.8 million in a seed round on March 26, 2019, led by Amity Ventures and August Capital, with participation from Ridge Ventures, TCL Ventures, and angels including Peter Yared, Jonathan Swanson, Jake Zeller, Milun Tesovic, and Richard Jhang. The company, founded in late 2018, provides a mobile-first workflow management platform for deskless employees in operation-intensive industries like manufacturing, retail, and hospitality. At the time, over 1,600 businesses had joined the platform, including Subway franchises, Marriott, Radisson, and Phillystran, to digitize paper workflows, improve collaboration, and access analytics. The funding supported team expansion in San Francisco and Montreal, platform development, and growth of daily usage and retention. MaintainX aimed to empower frontline workers where traditional ERP and MRP solutions fall short, enabling supervisors to manage work orders efficiently via smartphones. |
Who has invested in MaintainX?
32 investors have backed MaintainX across its funding rounds, including August Capital, Amity Ventures, Bessemer Venture Partners, Ridge Ventures, Bain Capital Ventures and Vulcan Capital.
Lead investors include Bessemer Venture Partners, Bain Capital Ventures, Amity Ventures and August Capital.
MaintainX Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Mar 2019 | |
| San Francisco, CA | 4 | Lead | Mar 2019 | |
| San Francisco, CA | 3 | Participant | Mar 2019 | |
| San Francisco, CA | 3 | Lead | Jun 2021 | |
| San Francisco, CA | 2 | Lead | Dec 2023 | |
| San Francisco, CA | 1 | Participant | Jul 2025 | |
| San Francisco, CA | 1 | Participant | Jul 2025 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Jeff Lawson | United States | 1 | Participant | Dec 2023 |
| San Francisco, CA | 1 | Participant | Mar 2019 | |
| San Francisco, CA | 1 | Participant | Mar 2019 | |
| Dover, DE | 1 | Participant | Jul 2025 | |
| Chris Comparato | United States | 1 | Participant | Dec 2023 |
| Jeff Immelt | Boston, MA | 1 | Participant | Dec 2023 |
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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 TrialMaintainX Competitors
MaintainX competitors include listed companies like Shenzhen Sunwin, CCC Intelligent Solutions and DHC Software, and private ones like Vention, I-care Group and Certus Core.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Montreal | Private | $73M | - | $1.2B | 16.4x | |
 Mons | Private | $115M | - | $1.2B | 10.2x | |
 China | Publicly listed | $20M | ($147M) | $687M | - | |
| Tampa, FL | Private | - | - | $3.4B | - | |
| United States | Publicly listed | $1.1B | $238M | $3.9B | 4.5x | |
| China | Publicly listed | $1.9B | $131M | $3.1B | 1.8x |
MaintainX Public Comps
MaintainX is no longer listed, but its public comps include CorVel, Geovis, XtalPi, CCC Intelligent Solutions, Tenable, DHC Software, Shenzhen Intellifusion, Liftoff Mobile, Inesa Intelligent Tech and SoundHound.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $959M | $175M | 3.5x | - | 19.1x | - | |||
| $399M | $44M | 9.8x | 8.4x | 87.8x | - | |||
| $120M | $22M | 24.8x | 21.5x | 134.0x | (141.6x) | |||
| $1.1B | $238M | 4.8x | 4.5x | 21.5x | 10.8x | |||
| $999M | $31M | 4.1x | 3.9x | 129.9x | 15.3x | |||
| $1.9B | $131M | 2.0x | 1.8x | 29.6x | - | |||
| $200M | ($3M) | 14.3x | 14.6x | (952.5x) | (1086.5x) | |||
| $686M | $203M | 5.9x | - | 20.0x | - | |||
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Common questions about MaintainX
| When was MaintainX founded? | MaintainX was founded in 2018. |
| Where is MaintainX headquartered? | MaintainX is headquartered in San Francisco, CA, United States. |
| Is MaintainX publicly listed? | No, MaintainX was acquired by Autodesk in May 2026. |
| Who acquired MaintainX? | MaintainX was acquired by Autodesk in May 2026. |
| How much was MaintainX acquired for? | MaintainX was acquired for $3.6B in May 2026, a 26.7x revenue multiple. |
| What is MaintainX's valuation? | MaintainX was last valued at $2.5B in its Series D in July 2025. |
| How much funding has MaintainX raised? | MaintainX has raised $254M across 5 funding rounds. |
| What was MaintainX's last funding round? | MaintainX's last funding round was a $150M Series D in July 2025, led by Bessemer Venture Partners. |
| Who are MaintainX's investors? | MaintainX's investors include Amity Ventures, August Capital, Ridge Ventures, Bessemer Venture Partners, Bain Capital Ventures, Sozo Ventures, Dave McJannet, Jeff Lawson, Peter Yared, Leonis Capital and 22 others. |
| Which companies are comparable to MaintainX? | Companies comparable to MaintainX include Vention, I-care Group, Shenzhen Sunwin, Certus Core, CCC Intelligent Solutions and DHC Software. |
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