What is UpKeep?
UpKeep operates as a sophisticated, AI-enabled computerized maintenance management system (CMMS) designed to bridge the gap between field operations and office-based management. By providing a unified digital platform, the company enables organizations to transition from reactive, costly maintenance cycles to proactive, data-driven asset management. Its mobile-first architecture is specifically engineered for technicians, facilitating real-time work order tracking, preventive maintenance scheduling, and comprehensive equipment lifecycle management. By centralizing maintenance data, UpKeep empowers firms in manufacturing and facilities management to significantly reduce downtime and optimize operational efficiency through actionable analytics.
How much funding has UpKeep raised?
UpKeep has raised a total of $48.7M across 3 funding rounds:
Angel/Seed
$2.7M
Series A
$10M
Series B
$36M
Angel/Seed (2017): $2.7M with participation from Trifecta Capital Services, Zillionize, Battery Ventures, Y Combinator, VY Capital, Bain Capital Ventures, Agile VC, Mucker Capital, and FundersClub
Series A (2019): $10M led by Emergence Capital., Emergence Capital Partners, and Emergence
Series B (2020): $36M supported by Y Combinator, Insight Partners, Fundersclub, Mucker Capital, Emergence Capital Partners, and Battery Ventures
Key Investors in UpKeep
Emergence Capital Partners
Emergence is the leading venture capital firm focused on early-stage enterprise companies. Its mission is to be the most valuable partner to the most important companies that are changing the way the world works.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
Insight Partners
GO is a private platform purpose-built for Insight Partners' portfolio company leaders. GO unifies our 500+ software portfolio companies to foster connections, strengthen leadership, expand their brain trust, and provide support as they scale.
What's next for UpKeep?
With the latest capital injection, UpKeep is well-positioned to accelerate its product roadmap and expand its footprint in the global industrial technology market. The company's focus on integrating advanced automation and predictive intelligence suggests a strategic shift toward deeper machine learning capabilities, which will likely enhance its value proposition for large-scale enterprise clients. As the firm continues to scale, the emphasis will remain on strengthening its ecosystem of integrations and deepening its penetration into sectors that require high-reliability asset management. The ongoing support from its diverse investor base provides the necessary runway to pursue aggressive market expansion and further solidify its status as a category-defining leader in the CMMS space.
See full UpKeep company page
