UptimeAI, an innovative startup specializing in artificial intelligence solutions for plant operators, has successfully raised $14 million in a Series A funding round. The round was led by WestBridge Capital, with participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures.
The fresh capital will be utilized to scale up UptimeAI’s technological platform, enhance its product portfolio, and expand its presence in key markets including North America, the Middle East, and Asia. With operational bases in Bengaluru and San Francisco, UptimeAI is strategically positioned to leverage these funds for significant growth and innovation.
Founded five years ago by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI focuses on developing AI-based solutions that help plant operators maximize efficiency and reliability. The company boasts a highly skilled team with core competencies in industries such as power, oil and gas, chemicals, metals, and aerospace.
UptimeAI’s platform includes four main modules: connect the dots, no code predictive alerts, an inferencing engine for prescriptive actions, and continuous self-learning. The company has a patented system and method for monitoring complex structures to identify the root cause of inefficiencies.
In September last year, UptimeAI partnered with Bharat Petroleum Corporation Limited (BPCL) to optimize operational efficiency. This collaboration underscores the practical applications and benefits of UptimeAI’s solutions in real-world scenarios.
The startup was previously selected for the YourNest SOAR Program and raised $1.5 million in seed funding in February 2021 from YourNest Venture Capital and angel investors.
UptimeAI competes with other AI-based industrial optimization firms such as Tiger Global-backed Infinite Uptime, which raised $18.85 million in May last year, as well as global competitors like Sight Machine, Prospection SparkCognition, and Augury.