Operations Software MaintainX Reaches $1 Billion Value in Round

Maintenance software maker MaintainX has fetched a $1 billion valuation in a funding round led by Bain Capital Ventures, according to a statement reviewed by Bloomberg News.

The company raised $50 million in a round, which included participation from existing investors Bessemer Venture Partners and August Capital, among others such as Twilio Inc. Chief Executive Officer Jeff Lawson. The valuation for MaintainX marks a big jump from its last valuation of $191 million in 2021.

The San Francisco—based company makes software to help companies in manufacturing, facilities and hospitality keep tabs on operations and maintenance. Its technology is ...