General Electric and PTC both took part in a round that boosted the Salesforce-backed field service management software company's total funding to $205m.
US-based field service management software provider ServiceMax secured $82m in series F funding yesterday from investors including industrial conglomerate General Electric and design and service management software producer PTC.
Premji Invest led the round and was also joined by Cloud Apps Capital, Emergence Capital Partners, Kleiner Perkins Caufield & Byers (KPCB), Mayfield Fund, Meritech, Adams Street Partners, Crosslink Capital, Questmark Partners, Sozo Ventures and Trinity Ventures. General Electric invested through its corporate venturing unit, GE Ventures.
ServiceMax’s cloud-based software provides…