UptimeAI, an artificial intelligence startup specializing in industrial efficiency solutions, has successfully closed a $14 million Series A funding round. The investment was led by WestBridge Capital, with significant contributions from Emergent Ventures and Aditya Birla Ventures.
The funding round aims to bolster UptimeAI’s technological platform and facilitate its expansion across key markets in North America, the Middle East, and Asia. The company, headquartered in Bengaluru and San Francisco, plans to utilize the funds to scale its product portfolio and enhance operational capabilities.
Founded five years ago, UptimeAI focuses on developing AI-driven solutions tailored for industries such as power generation, oil and gas, chemicals, metals, and aerospace. The company’s proprietary technology encompasses four pivotal modules: “Connect the Dots,” “No-Code Predictive Alerts,” “Inferencing Engine for Prescriptive Actions,” and “Continuous Self-Learning.” UptimeAI’s patented monitoring system is designed to pinpoint inefficiencies within complex infrastructures, thereby optimizing operational performance.
Recent strategic collaborations, including a partnership with Bharat Petroleum Corporation Limited (BPCL), underscore UptimeAI’s commitment to enhancing operational efficiency across diverse industrial sectors.
Co-founded by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI has demonstrated rapid growth since its inception. The company was previously selected for the YourNest SOAR Program and secured $1.5 million in seed funding from YourNest Venture Capital and angel investors in February 2021.
In the competitive landscape of industrial AI, UptimeAI faces notable contenders such as Infinite Uptime (backed by Tiger Global), Sight Machine, Prospection SparkCognition, and Augury.
The successful Series A funding marks a significant milestone for UptimeAI, positioning the company to further innovate and lead in industrial AI solutions globally.
