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ServiceMaxrevenue, acquisition & funding

Other Vertical Industry Software4450 Rosewood Dr., Suite 200, Pleasanton, CaliforniaFounded 2009

ServiceMax was acquired by PTC.

ServiceMax is a field service management software company founded in 2007 and headquartered in the United States.

servicemax.comLinkedInUpdated Oct 5, 2026
Annual revenue
$150M
Nov 2021 · Founder interview+181% YoY
Owner
PTC
Date not on record
Total raised
$284M
7 rounds
Employees
552
Jul 2023

ServiceMax revenue

The founder said on camera that ServiceMax's annual revenue was $150M (November 2021). That is up 181% from $53.4M a year earlier.

$0
$50M
$100M
$150M
$26.3M
–
$53.4M
$150M
2018201920202021
ReportedOne figure per year; a reported figure wins over an estimate
All 3 revenue readings, with sources
As ofRevenueSource
Dec 2018$26.3M–
Aug 2020$53.4M–
Nov 2021$150MFounder interviewWatch at 3:10

– source not recorded

Who owns ServiceMax

PTC owns ServiceMax. The date and price of the deal are not on record.

ServiceMax funding rounds & investors

ServiceMax has raised $284M across seven rounds since 2008. The latest was a $80M funding round in February 2020.

DateRoundRaised
Feb 2020Venture$80M
Jun 2015Series F$82M
Mar 2014Series E$71M
Nov 2012Series D$27M
Jun 2011Series C$14M
Apr 2010Series B$8M
Nov 2008Series A$2M
Total raised$284M

Interviews with Neil Barua

Nathan Latka has interviewed ServiceMax once, speaking with Neil Barua. Each figure links to the second it was said.

Watch: How ServiceMax Reached $150M ARR and 400 Enterprise Customers with 115% to 121% Net Dollar Retention (Interview with CEO Neil Barua)

June 2022 · Neil Barua, CEO

How ServiceMax Reached $150M ARR and 400 Enterprise Customers with 115% to 121% Net Dollar Retention (Interview with CEO Neil Barua)

Read the interviewWatch

ServiceMax CEO, founders & employees

Neil Barua founded ServiceMax in 2009 and led it as CEO. ServiceMax had 552 employees (July 2023).

0
200
400
600
556
607
593
–
580
552
201820192020202120222023
ReportedOne figure per year; a reported figure wins over an estimate
All 7 headcount readings, with sources
As ofEmployeesSource
Jul 2023552–
Jun 2022580Founder interviewWatch at 12:34
Dec 2020593–
Aug 2020593–
Jun 2020585–
Dec 2019607–
Dec 2018556–

ServiceMax FAQ

What was ServiceMax's revenue?

ServiceMax's annual revenue was $150M in November 2021, as the founder said on camera.

Who owns ServiceMax?

PTC owns ServiceMax.

How much funding has ServiceMax raised?

ServiceMax raised $284M across seven funding rounds before PTC bought it. The last was a $80M funding round in February 2020.

How many employees does ServiceMax have?

ServiceMax had 552 employees in July 2023.

Who founded ServiceMax?

Neil Barua founded ServiceMax in 2009.

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How this page is sourced

8 said on camera. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.

Updated Oct 5, 2026Data disclaimerReport a correctionClaim this profile