Autodesk, the design and engineering software company, agreed on 28 May 2026 to acquire MaintainX, a San Francisco startup whose software helps factory and facility teams manage maintenance work. The all-cash deal was valued at about $3.6 billion, which AEC Magazine said made it the largest acquisition in Autodesk's history.
Autodesk said it would pay with cash on hand and debt. Bloomberg, as cited by Yahoo Finance, reported that about $1.6 billion would come from cash and the rest would be borrowed, and that Autodesk shares fell about 4% in extended trading after the announcement.
MaintainX becomes the centrepiece of Autodesk Operations Solutions, a new unit that groups Autodesk's tools for running assets once they are built. The deal needed regulatory approval; Verdantix reported that Autodesk completed it on 3 August 2026.
What MaintainX built
MaintainX was founded in 2018 and is led by its founder and chief executive, Chris Turlica. Its software is used to record work orders, inspections, asset information and other routine maintenance tasks, with technicians capturing work on mobile devices. Autodesk said the product collects frequent data on the condition, service history and field performance of equipment.
When it raised its Series D in July 2025, MaintainX had more than 11,000 customer companies managing over 11 million assets in manufacturing, facilities management, food and beverage, distribution centres and other industries, Crunchbase News reported.
Autodesk said MaintainX expected more than $135 million of annualized recurring revenue for calendar 2026, growing by more than 50%. AEC Magazine calculated that the price was well over 20 times forward revenue.
“MaintainX was built to empower the people who keep the physical world running. Joining forces with Autodesk is an incredible opportunity to accelerate that mission.”
Why Autodesk is buying
Autodesk wants to connect the design, manufacture and operation of buildings, products and plants so that data follows an asset through its life. Operations Solutions brings together its digital twin product Tandem, the simulation software FlexSim, Fusion Operations and Factory Design Utilities. Autodesk said expanding into operations would extend its relationship with an asset from years to decades, support more valuable AI and widen its addressable market.
Chief executive Andrew Anagnost said the goal was to bring in operational expertise, context data and workflows that would improve Autodesk's ability to use AI to bring the digital and physical worlds together. Stephen Hooper, senior vice president of Autodesk Operations Solutions, said MaintainX added depth in maintenance and frontline work.
AEC Magazine called the purchase a recurring-revenue play before an AI play, arguing that maintenance software is a mature, competitive market and that the real prize is MaintainX's data. It put Autodesk's revenue at around $7.2 billion and noted the company's long-standing goal of reaching $10 billion.
The founders and the funding
MaintainX raised $150 million in a Series D in July 2025 at a valuation of $2.5 billion, more than double the $1 billion valuation set by its $50 million Series C in December 2023, Crunchbase News reported. Crunchbase said it was not clear whether any single firm led the round. Autodesk's price was about 44% above that valuation.
Participants in the Series D included Bessemer Venture Partners, Bain Capital Ventures, D. E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures and Fifth Down Capital, along with angel investors Rahul Mehta, co-founder of DST Global, and Dave McJannet, chief executive of HashiCorp, Pulse 2.0 reported. The round brought MaintainX's total funding since 2018 to $254 million.
What happens to customers
Verdantix said MaintainX customers should watch which of two approaches Autodesk takes. After buying PlanGrid in 2018, Autodesk folded its field workflows into Autodesk Build and steered new buyers there, while existing users kept access. With FlexSim, it kept the product separate and focused on making it work with the rest of its tools.
Verdantix advised MaintainX buyers to ask about migration tools, commercial credits, support timelines and whether they would need overlapping licences during any transition. Turlica said combining the companies would connect the teams that design and build assets with those that operate and maintain them every day.
