MaintainX scales asset and work intelligence data for industrial operations
Bessemer Venture Partners doubles down to co-lead MaintainX’s $150M Series D as the company delivers next-generation AI-powered maintenance and asset management to prevent unplanned downtime and drive top-line growth.
Byron Deeter, Sam Bondy & John Drake
Published on Jul 9, 2025
For decades, physical industries — manufacturing, energy, hospitality, and facilities management — have run on manual processes, aging equipment, and a shrinking pool of skilled workers. Critical maintenance and compliance can’t keep up with old clipboards and outdated systems. At Bessemer, we’ve always believed great software can transform these essential end markets. That’s why we’re doubling down on MaintainX — the modern Computerized Maintenance Management System (CMMS) and Enterprise Asset Management (EAM) platform helping frontline teams operate smarter, safer, and faster.
How MaintainX manages millions of work orders and assets
Used by over 11,000 companies globally, MaintainX streamlines workflows with an AI-powered, cloud-native platform that provides maintenance, reliability, and operations professionals with real-time visibility into work orders, preventive maintenance schedules, and asset histories — all within a user-friendly interface designed for frontline teams. The company’s mobile-first CMMS and EAM solution reduces unplanned downtime by 30+% and meets the complex compliance needs of some of the largest brands, including Hunter Douglas, Cintas, and Titan America.
“The shift toward smart, AI-driven, CMMS and EAM platforms isn't optional anymore; it's survival. We're helping teams transform their newest hires into effective contributors within weeks, not months. AI-powered maintenance workflows and real-time equipment insights are closing the experience gap faster than traditional training.” — Chris Turlica, MaintainX CEO and Co-founder.
Why we invested in MaintainX
We first led MaintainX’s Series B in 2021, invested again in their Series C, and are proud to further deepen the partnership by leading their $150M Series D. Co-founders Chris Turlica (CEO) and Hugo Dozois-Caouette (CTO) are building the platform powering the future of frontline operations—helping industries digitize, boost uptime, and foster operational excellence.
Since its founding in 2018, MaintainX has scaled fast — now serving thousands of global customers across manufacturing, facilities management, food and beverage, distribution centers, and more. The results speak for themselves: fewer breakdowns, better safety compliance, and higher uptime, which all result in hard ROI. In an industry where every minute of unplanned downtime counts, MaintainX is becoming the digital backbone for operations that can’t afford to not be proactive.
The future of industrial workflows with MaintainX
We have been continually impressed by MaintainX’s disciplined approach to growth and product expansion. The company has evolved from a digital clipboard replacement to a comprehensive industrial workflow platform. With a robust AI product roadmap, the company is positioned to become both the system of record and the system of action, for frontline operations — integrating predictive analytics, automated compliance, and real-time monitoring to drive safety, efficiency, and reliability at scale.
Contributors
Byron Deeter
Partner
Byron Deeter is a leading investor in AI, Cloud, Frontier Technology, and the Business of Sports. He co-authored Bessemer’s iconic 10 Laws of Cloud Computing, the Bessemer Forbes Cloud 100, the BVP Nasdaq Emerging Cloud Index, and Bessemer’s STRIVE program for executive health and wellness. Byron works closely alongside many of the best founders in the cloud world, with 26 of Byron’s investments currently valued above $1 billion each, including 13 IPOs and counting.
Byron first raised a Series A with Bessemer back in 2000, as CEO and founder of Trigo Technologies. His company grew to be one of the first global SaaS companies, reaching profitability and was successfully sold to IBM. Byron foresaw that cloud computing would not only change the way people built new technologies but also how The Cloud would systematically run the world. In 2005, Byron returned to Bessemer, this time to help lead the firm’s global cloud practice.
Byron graduated with honors from The University of California, Berkeley, where he met his then college sweetheart and now wife. Byron is a perennial Midas List investor, past Chairman of the National Venture Capital Association, partner/owner of the San Francisco 49ers and Leeds United, as well as an active board member/advisor to numerous causes including the U.S. Olympic & Paralympic Foundation, U.C. Berkeley Foundation, Pledge 1% and Cal Rugby. Although he’s a four-time Rugby Collegiate National Champion and serial Ironman finisher, he’s largely converted to leisure sports of golf, wake surfing, and skiing with his wife and three children.
Sam Bondy
Vice President
Sam is a vice president based out of San Francisco and primarily focuses on early and growth stage cloud and AI.
Prior to venture capital, Sam began his career in Technology, Media, and Telecommunications investment banking at J.P. Morgan where he focused on M&A and capital markets transactions for both private and public companies. He then joined Harvest Partners, a private equity firm in New York, focusing on software and business services buyout. Most recently, Sam moved into earlier stage investing where he worked at Soma Capital primarily focusing on software and fintech.
Sam grew up in New York City and first attended McGill University in Montreal, before graduating summa cum laude from SUNY Binghamton where he received a B.A. in Economics. Outside of work, he is an aspiring outdoorsman, a (very) novice golfer, skier, surfer, and loves to run, read, travel, and listen to podcasts.
John Drake
Investor
John is an investor based out of Bessemer’s New York City office where he focuses on consumer internet, vertical software, and marketplaces.
Prior to joining Bessemer, John was on the software team at Volition Capital, a growth equity firm in Boston focused on investing in high-growth and founder-owned technology businesses. He started his career as an investor at Motivate Venture Capital, a seed stage venture capital firm in Chicago.
John earned his B.A. in economics from Northwestern University. In his free time, he enjoys playing tennis and golf, hiking, and cheering on Toronto and Buffalo sports teams.
