Overview

UpKeep provides mobile-first solutions for Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM), aimed at improving maintenance operations for various businesses. Their platform utilizes wireless sensors and advanced analytics to deliver real-time data, allowing companies to shift from reactive to preventive maintenance. This transition helps enhance asset performance while minimizing downtime and maintenance costs. UpKeep stands out from competitors due to its user-friendly interface, strong customer support, and a subscription-based pricing model that offers tiered plans to suit different business needs. The company's goal is to enable maintenance and reliability teams to collaborate effectively, using automated workflows and connected data to make informed decisions.

Simplify's Take

What believers are saying

• Increased IoT adoption boosts demand for UpKeep's real-time data integration capabilities.
• Shift to predictive maintenance creates opportunities for UpKeep's advanced analytics.
• Industry 4.0 investments enhance UpKeep's role in smart factory equipment management.

What critics are saying

• Emerging AI-driven competitors may challenge UpKeep's market position.
• EU data privacy regulations could impact UpKeep's data handling practices.
• Open-source CMMS platforms may attract cost-sensitive customers away from UpKeep.

What makes Upkeep unique

• UpKeep is a mobile-first CMMS/EAM platform, enhancing maintenance team efficiency.
• The platform integrates wireless sensors for real-time data and preventive maintenance.
• UpKeep's solutions are highly rated for ease of use and customer support.

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Funding

Total Funding

$48.8M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:

Insight PartnersBattery VenturesY Combinator

Notable Investors:

Insight PartnersBattery VenturesY Combinator

$36,000,000

Series B

May 2020

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Meet Average

Industry standards

Ind Avg. $35M

$4M

$30M

$36M

$45M

$65M

$100M

View all funding stages