What is UpKeep?
UpKeep provides a comprehensive, mobile-first digital platform designed to modernize maintenance, asset management, and field operations. By integrating AI-driven analytics with a user-friendly interface, the company enables organizations to move away from reactive maintenance models toward proactive, data-centric strategies. The platform serves as a centralized hub for work order management, preventive scheduling, and equipment health monitoring, effectively bridging the communication gap between field technicians and office-based management teams. Its utility spans diverse sectors, including multi-site operations and heavy manufacturing, where operational uptime is critical to profitability.
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 Y Combinator, Mucker Capital, Agile VC, Trifecta Capital Services, Bain Capital Ventures, FundersClub, Zillionize, Battery Ventures, and VY Capital
Series A (2019): $10M led by Emergence Capital., Emergence Capital Partners, and Emergence
Series B (2020): $36M supported by Y Combinator, Fundersclub, Mucker Capital, Emergence Capital Partners, Insight Partners, and Battery Ventures
Key Investors in UpKeep
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.
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.
Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, and industrial technology.
What's next for UpKeep?
Looking ahead, UpKeep is poised to leverage its recent financing to deepen its technological moat, particularly in predictive maintenance and automated asset diagnostics. As the industrial sector undergoes rapid digital transformation, the company's focus on streamlining field operations through mobile-first innovation remains a key competitive advantage. Strategic priorities likely include scaling its enterprise sales force, enhancing cross-platform integrations, and expanding its global footprint to support large-scale, multi-site industrial clients. By maintaining its commitment to data-driven operational efficiency, UpKeep is well-positioned to capture a larger share of the growing CMMS market.
See full UpKeep company page
