AssetWatch Raises $38M Series B Funding

AssetWatch, a Columbus OH-based condition monitoring and predictive maintenance company, raised $38M in Series B funding.

The round was led by Wellington Management, with participation from G2 Venture Partners, Triangle Peak Partners, Standard Investments, Osage University Partners, and JobsOhio Growth Capital Fund.

The company intends to use the funds to further enhance ongoing innovation, and expand and scale-up the business.

Led by CEO Brian Graham, AssetWatch specialises predictive maintenance solutions, providing an end-to-end remote condition monitoring service to eliminate unplanned downtime and optimize operations for global manufacturers. The solution is comprised of a network of wireless sensors and communication hubs, software, and condition monitoring engineers.