Cloud-based field service management solutions company, ServiceMax, on Friday announced an $82 million Series F round of funding led by Premji Invest.
GE Ventures, PTC, and Cloud Apps Capital were the new investors in the round, while existing investors Emergence Capital Partners, KPCB, Mayfield, Meritech, Adams Street Partners, Crosslink Capital, Questmark Partners, Sozo Ventures and Trinity Ventures also participated.
This latest round brings the total capital raised by ServiceMax to $202 million.
“With 400 companies relying on ServiceMax as their mobile field service solution, we’ve clearly established ourselves as the global market leader,” said ServiceMax CEO Dave Yarnold. “We’re thrilled to secure financing that will enable us to continue investing in this massive market opportunity,” he said.
Published 28 August 2015, 16:39 IST