ServiceMax Raises $80M in Funding


ServiceMax, a Pleasanton, Calif.-based provider of asset-centric field service management solutions, raised $80m in growth funding.

The round was led by new investor Salesforce Ventures and existing investor Silver Lake.

The company intends to use the funds to accelerate growth, deepen product development and support digital transformation and customer experience in verticals such as manufacturing, medical devices, energy, heavy equipment and other industrial markets.

Led by Neil Barua, CEO, ServiceMax offers a suite of field service applications built on the Salesforce platform that provide customers a complete view of their assets, enabling them to run efficient service operations in complex, asset-intensive industries. The solution is used by Enterprise companies across the globe.



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