July 9 (Reuters) - MaintainX has raised $150 million in

its latest fundraising round, valuing the equipment maintenance

startup at $2.5 billion, the company said on Wednesday.

The round brings the company's total external funding to

$254 million, following a trend among mature startups to remain

private-for-longer amid choppy IPO market conditions.

The new capital will be used to develop MaintainX's

artificial intelligence and machine health monitoring

capabilities, aiming to replace a widely used manual approach to

equipment hygiene.

The funding round saw participation from Bessemer

Venture Partners, Bain Capital and D. E. Shaw Ventures.