AssetWatch secures US$75M Series C funding round
According to AssetWatch, the funding will be used to expand the company's AI-powered platform capabilities, accelerate international market initiatives and strengthen its position in the industry.
May 1, 2025 | By MRO Magazine
AssetWatch Inc., a company specializing in predictive maintenance and condition monitoring solutions, has closed its Series C funding round, raising US$75 million. The round was led by Viking Global Investors, with participation from new investor Harmonic Growth Partners and existing investors including Wellington Management, G2 Venture Partners, Triangle Peak Partners and Osage University Partners.
According to AssetWatch, the funding will be used to expand the company’s AI-powered platform capabilities, accelerate international market initiatives and strengthen its position in the industry. The company aims to help manufacturers eliminate unplanned downtime and optimize asset performance.
“Securing our Series C is more than just funding—it’s a powerful vote of confidence in our vision, our team, and the meaningful impact we’re driving in the market,” said Brian Graham, CEO of AssetWatch. “This milestone accelerates our ability to scale, innovate, and lead our industry forward.”
AssetWatch has developed a condition monitoring platform that is used by industrial teams to keep equipment running efficiently. The platform provides real-time insights to reduce risk, cut costs, and improve operational efficiency.
AssetWatch says it has seen growth across various industries, including food processing and heavy industrial manufacturing. The platform has expanded to include services like oil analysis, and the company continues to add new customers and top-tier talent.
“Maintenance and reliability professionals are unsung heroes in our society, and worthy of our devotion to deliver technology and solutions to enable them to eliminate unplanned downtime forever,” said Graham. “This funding empowers us to move faster to deliver deeper and more meaningful value to them.”
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