What is UpKeep?
UpKeep operates a unified digital platform designed to streamline maintenance, asset management, and field operations. Its AI-enabled CMMS solution focuses on enhancing operational efficiency through features like automated work order creation and tracking, preventive maintenance scheduling, and robust equipment management, all accessible via a mobile-first interface. By integrating advanced analytics, UpKeep empowers technicians and maintenance teams to identify potential equipment issues proactively, thereby minimizing downtime. The platform serves a diverse range of industries, including manufacturing, facilities management, and multi-site operations, facilitating the centralization of maintenance data and fostering improved communication between field and office personnel. This transition from reactive to proactive, data-driven asset management is a key differentiator for UpKeep.
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 Mucker Capital, Trifecta Capital Services, VY Capital, Bain Capital Ventures, Agile VC, Y Combinator, FundersClub, Zillionize, and Battery Ventures
Series A (2019): $10M led by Emergence, Emergence Capital Partners, and Emergence Capital.
Series B (2020): $36M supported by Battery Ventures, Emergence Capital Partners, Fundersclub, Insight Partners, Mucker Capital, and Y Combinator
Key Investors in UpKeep
Emergence Capital Partners
Emergence Capital Partners is a venture capital firm focused on early-stage enterprise companies, aiming to be a valuable partner in transforming how the world works.
Battery Ventures
Battery Ventures is a global investment firm backing companies at all stages, with a focus on software and services, enterprise infrastructure, and industrial technology.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies, providing operational support to help them scale.
What's next for UpKeep?
With its recent major enterprise-level funding, UpKeep is strategically positioned to accelerate its product development and market penetration. The company's focus on AI-driven insights and a mobile-first user experience aligns with the increasing demand for digital transformation in maintenance and operations. Future growth is likely to involve expanding its platform capabilities, enhancing its AI features for predictive maintenance, and broadening its industry reach. Continued investment will support UpKeep's mission to modernize maintenance operations and solidify its position as a leader in the CMMS market, enabling organizations to achieve greater operational resilience and efficiency.
See full UpKeep company page
