Infinite Uptime Secures $35M Series C to Expand Predictive Maintenance Solutions Globally.
Infinite Uptime, a provider of predictive maintenance solutions for industrial machinery, has raised $35 million in its Series C funding round. The investment was led by Avataar Ventures, with participation from StepStone Group and LGVP, alongside existing backers Tiger Global and GSR Ventures.
With this latest funding, the Pune- and California-based startup has now raised approximately $65 million, including an $18.85 million Series B3 round in May 2023.
The fresh capital will accelerate Infinite Uptime’s expansion by enhancing its IoT-driven predictive maintenance platform, strengthening its presence in the global manufacturing sector, and growing its footprint in the U.S. and other international markets.
Founded in 2015 by Raunak Bhinge, Infinite Uptime leverages AI and machine learning to remotely diagnose and predict machinery failures, helping industries reduce unplanned downtime and improve operational efficiency.
The company currently serves 800 plants across nearly 30 countries, catering to key manufacturing industries such as cement, steel, metals & mining, FMCG, chemicals, oil & gas, power, pharmaceuticals, tires, automotive, construction, and pipes.
With this investment, Infinite Uptime aims to solidify its leadership in the industrial IoT space, offering cutting-edge predictive maintenance solutions to manufacturers worldwide.
