Computerized maintenance management system startup Limble Solutions LLC today announced it had raised $58 million in new funding to expand its product portfolio, further develop its user interface for asset monitoring and maintenance and accelerate its go-to-market strategy.

Founded in 2015, Limble offers software designed “by maintenance professionals for maintenance professionals.” The company’s CMMS empowers maintenance professionals to implement preventive maintenance and easily manage assets. The service allows maintenance professionals to gain control of inventory, streamline workflows, report key performance indicators and organize work orders.

Features of the service include a user-friendly and modern CMMS. Programs in Limble automate preventive maintenance scheduling, build simple checklists and analyze team performance and efficiency. An asset management feature can cater to 10 assets or 10 million.

Limble can be implemented in minutes and deliver a return on investment within weeks, with the company claiming to have saved customers millions of dollars from reduced downtime, parts spent, labor and improved productivity.

Notable Limble customers include McDonald’s Corp., Nike Inc., PepsiCo Inc., Unilever PLC, DHL Global Forwarding and Holiday Inn.

The new funding was led by the Growth Equity business within Goldman Sachs Asset Management and was raised on a valuation of $450 million. As part of the deal, John Connolly, senior adviser to the Growth Equity business within Goldman Sachs Asset Management, will join Limble’s board to advise on the company’s next growth stage.

“With this injection of growth capital from Goldman Sachs, we are poised to add new capabilities and extend the reach of our game-changing CMMS solution to companies worldwide,” Bryan Christiansen, founder and chief executive officer of Limble, said ahead of the news.

Including the new funding, Limble has raised $92.6 million to date, according to data from Crunchbase. Previous investors include Elephant Venture Capital and Album VC.

Image: Limble