Overview

UpKeep provides mobile-first solutions for Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM). Their platform helps businesses manage maintenance operations more effectively by integrating wireless sensors and advanced analytics to deliver real-time data. This allows companies to shift from reactive to preventive maintenance, improving asset performance while minimizing downtime and costs. UpKeep stands out from competitors due to its user-friendly interface, strong customer support, and a subscription-based pricing model that accommodates various business sizes and needs. The goal of UpKeep is to enable maintenance and reliability teams to collaborate efficiently, using automated workflows and connected data to enhance decision-making and operational effectiveness.

Simplify's Take

What believers are saying

• UpKeep raised $36 million in Series B funding, boosting growth potential.
• The demand for mobile-first solutions in maintenance management is increasing.
• Integration of AI-driven predictive maintenance tools is becoming popular, reducing downtime.

What critics are saying

• Increased competition from emerging CMMS providers could erode UpKeep's market share.
• Rapid technological advancements may strain UpKeep's resources and affect profitability.
• Economic downturns in key industries could reduce spending on maintenance software.

What makes Upkeep unique

• UpKeep is a mobile-first CMMS/EAM platform, enhancing maintenance team efficiency.
• The platform integrates wireless sensors and analytics for real-time data and preventive maintenance.
• UpKeep is recognized as a leader in CMMS by G2 and IDC.

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Funding

Total Funding

$47.5M

Below

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