SaaS Field Service Software ServiceMax Raises $14M From Mayfield, Salesforce And Others

Startup ServiceMax , a company that develops SaaS field service software, has raised $14 million in new funding led by Mayfield Fund with Trinity Ventures, Emergence Capital and Salesforce.com also participating in the round. To date, the company has raised $26 million. As field service software, ServiceMax essentially helps manage other company's equipment at their sites. ServiceMax software automates workforce optimization, advanced scheduling and dispatch, parts logistics, inventory and depot repair, and installed base entitlements. ServiceMax is being used currently by 60 different customers including DuPont. And the company reports 380 percent year-over-year growth in first quarter 2011.