ServiceMax Raises $82M in Series F Funding

servicemaxServiceMax, a Pleasanton, California-based provider of field service management solutions, raised $82m in Series F funding.

The round was led by Premji Invest with participation from new investors GE Ventures, PTC Inc., and Cloud Apps Capital, and existing investors Emergence Capital Partners, KPCB, Mayfield, Meritech, Adams Street Partners, Crosslink Capital, Questmark Partners, Sozo Ventures, and Trinity Ventures.

The company, which has raised $202m in total, intends to use the funds to continue expansion of its global operations, grow sales, support, and marketing worldwide, and increase product development.

Led by CEO Dave Yarnold, ServiceMax provides a cloud-based and mobile field service management software for companies that employ people who install, maintain, and repair machines across dozens of industries.
Earlier this year, the comapny has partnered with Internet of Things (IoT) solutions company PTC to provide customers with an integrated product that combines field service management with connected device management.



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