About ServiceMax
ServiceMax is a company based in Pleasanton (United States) founded in 2007 was acquired by PTC in November 2022.. ServiceMax has raised $308.76 million across 7 funding rounds from investors including Kleiner Perkins, PTC and General Electric. The company has 154 employees as of April 08, 2024. ServiceMax has completed 2 acquisitions, including LiquidFrameworks and Zinc. ServiceMax operates in a competitive market with competitors including AspenTech, CSE Global, irth Solutions, Kongsberg Digital and Aker Solutions, among others.
- Headquarter Pleasanton, United States
- Employees 154 as on 08 Apr, 2024
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Sectors
Energy & UtilitiesTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Servicemax Technologies (India) Private Limited
- Date of Incorporation 20 Mar, 2007
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8.2 M (USD)3.76as on Mar 31, 2023
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Net Profit
$1.09 M (USD)38.48as on Mar 31, 2023
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EBITDA
$1.3 M (USD)-6.76as on Mar 31, 2023
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Total Equity Funding
$308.76 M (USD)
in 7 rounds
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Latest Funding Round
$26.76 M (USD), Series F
Apr 01, 2022
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Investors
Kleiner Perkins
& 15 more
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Employee Count
154
as on Apr 08, 2024
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Investments & Acquisitions
LiquidFrameworks
& 1 more
- Acquired by
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Software Development Team
251 people
Leadership Team
130 people
Sales and Marketing
102 people
Product Management Team
58 people
Senior Team
44 people
Operations Team
35 people
Principal Team
24 people
Human Resources and Administration
22 people
Unlock access to complete
Funding Insights of ServiceMax
ServiceMax has successfully raised a total of $308.76M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $26.76 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series F — $26.8M
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First Round
First Round
(13 Apr 2010)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series F - ServiceMax | Valuation |
investors |
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| Feb, 2020 | Amount | Series F - ServiceMax | Valuation | Salesforce Ventures |
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| Aug, 2015 | Amount | Series F - ServiceMax | Valuation | Premji Invest |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ServiceMax
ServiceMax has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Kleiner Perkins, PTC and General Electric. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Support is offered to entrepreneurs in cloud business applications.
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Founded Year | Domain | Location | |
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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ServiceMax
ServiceMax has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include LiquidFrameworks and Zinc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Secure mobile messaging is offered for field workforce collaboration.
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2013 | ||||
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Field management solutions for energy and environmental sectors are delivered.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ServiceMax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Servicemax Comparisons
Competitors of ServiceMax
ServiceMax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AspenTech, CSE Global, irth Solutions, Kongsberg Digital and Aker Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based software for manufacturing process optimization is offered.
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| domain | founded_year | HQ Location |
System integration and automation solutions are provided for industrial applications.
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| domain | founded_year | HQ Location |
Cloud-based workforce management solutions are provided for infrastructure risks.
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| domain | founded_year | HQ Location |
AI-powered industrial work surface solutions are provided for heavy-asset sectors.
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| domain | founded_year | HQ Location |
Diversified solutions for oil and gas operations are provided worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Servicemax
Frequently Asked Questions about ServiceMax
When was ServiceMax founded?
ServiceMax was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is ServiceMax located?
ServiceMax is headquartered in Pleasanton, United States. It is registered at Pleasanton, California, United States.
Is ServiceMax a funded company?
ServiceMax is a funded company, having raised a total of $308.76M across 7 funding rounds to date. The company's 1st funding round was a Series F of $82M, raised on Apr 13, 2010.
How many employees does ServiceMax have?
As of Apr 08, 2024, the latest employee count at ServiceMax is 154.
What is the annual revenue of ServiceMax?
Annual revenue of ServiceMax is $8.2M as on Mar 31, 2023.
What does ServiceMax do?
Cloud-based software provider for field force and asset management. The product offerings include Field Service Management, a mobile workforce management solution with features such as employee scheduling, work order management, real-time communication, dispatch management, job planning, etc. Asset Service Management, an industrial asset management software with features such as asset database, contractor management, preventive maintenance, parts returns management, etc.
Who are the top competitors of ServiceMax?
ServiceMax's top competitors include AspenTech, SitePro and Kongsberg Digital.
How many acquisitions has ServiceMax made?
ServiceMax has made 2 acquisitions, including LiquidFrameworks, and Zinc.
Who are ServiceMax's investors?
ServiceMax has 16 investors. Key investors include Kleiner Perkins, PTC, General Electric, Premji Invest, and Salesforce Ventures.
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