From TechCrunch.com. Read the full article here.
Field service engineers may not be the first group of customers that come to mind when you think about lucrative opportunities in B2B technology. But that same blind spot speaks of the opportunity in the space for those who are stepping up and targeting “the job site.”
One of the players in that space, XOi — which builds software for maintenance people to snap pictures and quickly access information about the machines they are fixing — announced Tuesday that it’s raised a fresh round of $230 million from KKR to expand its business.
XOi will immediately be using a chunk of that funding for immediate growth: It’s buying another company in the space, Specifx, to augment its datasets with further information on some 85,000 additional model families and related data. XOi plans to integrate that data into its existing platform both to provide more device-specific instructions and other data to its users, as well as to build out further datasets to predict maintenance, upgrades, and other work.
