The field service management software provider raised $80m in a round co-led by Salesforce Ventures and majority shareholder Silver Lake.

Enterprise software provider Salesforce co-led an $80m funding round for US-based field service management platform ServiceMax on Monday through corporate venture capital subsidiary Salesforce Ventures.

The round was co-led by Silver Lake, the investment firm that acquired a majority stake in ServiceMax in late 2018 from GE Digital, the subsidiary of industrial and power technology producer General Electric which bought the company for $915m two years earlier.

ServiceMax is the developer of a cloud software platform that helps original…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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