Loading organizations...
§ Private Profile · Nashville, TN, USA
XOi Technologies is a technology company.
XOi Technologies provides a comprehensive digital platform, XOi Vision, designed to equip field service technicians with essential tools for on-site operations. The platform integrates critical jobsite data collection, real-time access to answers, and streamlined communication, functioning as a single application for technicians. It enables standardized workflows and clarity in field operations, effectively connecting personnel with equipment and vital information to optimize service delivery.
The company was founded in October 2013 by C. Aaron Salow, who currently serves as CEO. Salow's foundational insight stemmed from recognizing the persistent shortage of skilled trade workers within the field service industry. He aimed to develop a solution that would empower technicians and enhance operational efficiency by bridging communication gaps and providing robust digital support.
XOi serves field service companies and their technicians, helping them make informed decisions and maintain equipment effectively. The company’s vision centers on empowering organizations by digitally connecting people and assets, transforming how field service professionals conduct business. XOi aims to establish a data foundation that allows companies to capitalize on opportunities and improve overall service capabilities within the field service ecosystem.
XOi Technologies has raised $247.4M across 4 funding rounds.
XOi Technologies has raised $247.4M in total across 4 funding rounds.
XOi Technologies has raised $247.4M across 4 funding rounds. Most recently, it raised $230.0M Other Equity in February 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 5, 2025 | $230M Venture Round | KKR | — | Announced |
| Aug 1, 2019 | $11M Series C | PeakSpan Capital | Grotech Ventures, Moderne Ventures | Announced |
| Dec 8, 2017 | $4.5M Venture Round | Vocap Investment Partners | — | Announced |
| Apr 29, 2015 | $1.9M Series A | Incwell | — | Announced |
XOi Technologies has raised $247.4M in total across 4 funding rounds.
XOi Technologies's investors include KKR, PeakSpan Capital, Grotech Ventures, Moderne Ventures, Vocap Investment Partners, IncWell.
XOi Technologies is a Nashville-based technology company founded in 2013 that provides a digital platform for the field service industry, primarily serving HVAC, plumbing, electrical, construction, and kitchen equipment sectors.[1][2] The platform enables technicians to capture job site data via photos and videos—such as dataplate images processed with optical character recognition (OCR)—to access instant knowledge, standardize workflows, and deliver data-driven insights for predictive maintenance and operational efficiency.[1][2][4][5] It solves key pain points like manual processes, siloed systems, and knowledge gaps by consolidating tools into one app, reducing app usage from up to 9 to a single solution, cutting customer credits by 40%, slashing quoting time by 60%, boosting ticket values by 15%, and providing answers in under 60 seconds.[2][5] XOi has raised $17.9M total, with a recent $230M round about 4 months ago, achieved acquisition status (Acq - Fin | Alive), and expanded via acquiring Specifx to enhance asset diagnostics.[1][2]
XOi Technologies, formerly known as XoEye, was founded in 2013 in Nashville, Tennessee, born out of the field service industry's need to bridge skilled trades gaps through technology.[1][2][6] Emerging from challenges like poor connectivity and communication at job sites, the company launched its Vision platform in 2015 with smart glasses for hands-free data capture and a web app for sharing job site info.[2] It evolved from WiFi-dependent tools to a cloud-based model layer that handles millions of data pieces monthly, even in low-connectivity environments, and unified its Vision, Journeyman, and Insights products into one solution in January 2023.[2] A pivotal moment came with the acquisition of Specifx, bolstering Insights for better asset origination, performance, and diagnostics in mechanical, electrical, and plumbing sectors.[1][2]
XOi rides the wave of data intelligence and AI in field services, targeting supply chain/logistics tech and construction digitization trends amid labor shortages and aging infrastructure.[1][2] Timing aligns with rising demand for uptime in critical equipment—HVAC, plumbing, electrical—where manual processes fail, and IoT/AI enables predictive maintenance over reactive fixes.[2][5] Market forces like skilled trades gaps and connectivity challenges favor XOi's offline-capable, photo-sparked intelligence, empowering contractors to handle more jobs with fewer technicians at higher quality.[3][6] It influences the ecosystem by standardizing data across stakeholders, fostering innovation in mechanical/plumbing industries, and bridging field-to-office gaps, much like recent construction tech raises (e.g., Comstruct's $13M).[1]
XOi is poised for accelerated growth post its $230M raise and Specifx acquisition, likely expanding AI diagnostics and integrations to capture more of the $100B+ field services market.[1][2] Trends like AI proliferation, edge computing for low-connectivity sites, and sustainability-driven asset management will shape its path, potentially leading to further M&A or an exit. Its influence may evolve from niche field tool to industry-standard intelligence layer, keeping critical equipment running as uptime demands intensify—echoing its origins in transforming skilled trades for a data-powered future.[2][5]