SaaS Field Service Software ServiceMax Raises $8 Million From Salesforce And Others

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Tuesday, April 13th, 2010

Startup ServiceMax, a company that developed SaaS field service software, has raised $8 million in Series B funding led by Trinity Ventures, with Emergence Capital Partners and Salesforce.com also participating in the round. To date, the company has raised $12 million in funding.

As field service software, ServiceMax essentially helps manage other company’s equipment at their sites. ServiceMax software automates workforce optimization, advanced scheduling and dispatch, parts logistics, inventory and depot repair, and installed base entitlements. ServiceMax is being used currently by 60 different customers including DuPont.

Built on top of Salesforce.com’s Force.com platform, ServiceMax has gained considerable support from Salesforce. The technology giant participated on both of ServiceMax’s funding rounds and the startup just launched an app on Salesforce Chatter’s recently launched app marketplace ChatterExchange.

ServiceMax will use the funding to expand operations worldwide and further sales and marketing operations. The startup faces competition from Oracle and others.

Company: ServiceMax
Website: servicemax.com
Launch Date: 1999
Funding: $49M

ServiceMax delivers the future of field service, today. The first and only complete suite of cloud-based, collaborative and mobile field service applications, ServiceMax gives companies unprecedented capabilities in field service management to optimize operations and delight customers. Companies use the ServiceMax suite to handle everything from contract entitlements to scheduling & workforce optimization, to inventory & parts logistics and real-time customer and partner portal access. ServiceMax is built and delivered as a native Force.com cloud application so customers are...

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