AssetWatch Secures $75 Million in Series C Funding from Viking Global Investors
Deal News | May 01, 2025 | Wilson Sonsini
AssetWatch, Inc., a leader in predictive maintenance and condition monitoring solutions, has successfully closed a $75 million Series C financing round on April 30, 2025. The round was spearheaded by Viking Global Investors, with new participation from Harmonic Growth Partners, and ongoing support from existing investors such as Wellington Management, G2 Venture Partners, Triangle Peak Partners, and Osage University Partners. Renowned legal advisory firm Wilson Sonsini Goodrich & Rosati provided counsel to AssetWatch during this transaction. This substantial investment is expected to fuel AssetWatch's continued expansion and innovation in the field of condition monitoring and predictive maintenance.
Sectors
- Technology
- Investment
Geography
- United States – AssetWatch, the company receiving funding, and other investors involved are likely based in the U.S.
Industry
- Technology – AssetWatch operates in the predictive maintenance technology sector providing end-to-end monitoring solutions.
- Investment – The article discusses a significant funding event involving multiple investors in AssetWatch.
Financials
- $75 Million – The total amount raised by AssetWatch in the Series C funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AssetWatch, Inc. | Target Company | Company | A leader in predictive maintenance and condition monitoring solutions. |
| Viking Global Investors | Lead Investor | Company | An investment firm leading the $75 million Series C funding for AssetWatch. |
| Harmonic Growth Partners | New Investor | Company | A new investor participating in AssetWatch's Series C funding. |
| Wellington Management | Existing Investor | Company | An existing investor participating in AssetWatch's Series C funding. |
| G2 Venture Partners | Existing Investor | Company | An existing investor participating in AssetWatch's Series C funding. |
| Triangle Peak Partners | Existing Investor | Company | An existing investor participating in AssetWatch's Series C funding. |
| Osage University Partners | Existing Investor | Company | An existing investor participating in AssetWatch's Series C funding. |
| Wilson Sonsini Goodrich & Rosati | Legal Advisor | Company | Provided legal advice to AssetWatch for the Series C funding round. |