Company Overview
UpKeep Maintenance Management is building game-changing mobile-first, computerized maintenance management software (CMMS) and enterprise asset management software (EAMS) to revolutionize the facilities maintenance and asset management industry. With the UpKeep platform, field technicians will benefit from real-time data analytics, core maintenance functionality (asset, inventory and work order management) and preventative maintenance functionality. Leveraging cloud-based technology and mobile-first delivery, UpKeep puts products in the hands of millions of underserved maintenance professionals who can now access their work on-the-go and create efficiencies that simply do not exist today.
Founded in 2017 by CEO Ryan Chan, the company has quickly secured more than 2,000 customers including: McDonald’s,Jet.com, Marriott, Unilever,
USDA, Yamaha and others. With $13M in funding from top-tier venture capital firms; Emergence Capital, Battery Ventures and Y Combinator, this disruptive Series A company is poised for success as a world-class category leader. UpKeep has 50 employees and is headquartered in Los Angeles, CA.
3FORTY3 Executive Search Summary
Searches Completed: VP Marketing
Market Opportunity:
A lack of access to modern technology and real-time data analysis in the field, results in massive inefficiencies and laborious, costly processes for millions of maintenance and asset management professionals. Worldwide, an estimated $3 billion a year is spent on the software currently used industry wide. This spend is predicted to increase to $6 billion by 2022. In 2018, only 53% of manufacturing plants used a computerized maintenance management system (CMMS) to monitor their equipment, while 44% still tracked maintenance needs with pencil and paper. Equipment downtime costs the U.S. $50 billion each year, and up to 30% of manufacturing deaths are related to performing maintenance functions that might be preventable with technologies like predictive analytics.
As a former process development engineer at a manufacturing facility, Ryan Chan, UpKeep’s Founder and CEO, experienced first-hand, the inadequacies that exist today in maintenance management. He understood that by reducing downtime and boosting productivity, maintenance professionals could drive true return on investment (ROI) for manufacturers and drastically decrease manufacturing accidents and deaths. UpKeep was born with the single mission to revolutionize facilities and asset management and to put the software in the hands of those maintenance professionals who could make a difference.
