Fiix raises $12M to smooth out the asset maintenance process

TechCrunch | 5/22/2018 | Matthew Lynley
DebraS (Posted by) Level 3
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As sensors become cheaper and easier to install, the whole process of maintaining equipment and assets is starting to shift from just scrambling to fix problems to getting a hold of issues before they get out of control.

That’s opened the door for startups like Fiix, which are creating workflow software that helps companies manage equipment and assets. That software enables companies to keep a close eye on equipment and resolve issues quickly before they become more complex to the point of costing companies hundreds of thousands of dollars to fix. Every percentage point of efficiency, for some operations, can translate to revenue significant enough to the point that this kind of software is an easy sell. Fiix said today it has raised $12 million in a new financing round led by BuildGroup.

Bastions - Enterprise - Software - Disruption - Software

“It was one of the last bastions of enterprise software that’s yet to go through the same disruption that every other major software co,” CEO Marc Castel said. “If you look at human resource software, CRM software, accounting software, they’ve all gone...
(Excerpt) Read more at: TechCrunch
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