UptimeAI Raises $14 Million in Series A
UptimeAI, a San Francisco, CA-based AI-driven plant monitoring software provider, has secured $14 million in Series A funding.
UptimeAI, a San Francisco, CA-based AI-driven plant monitoring software provider, has secured $14 million in Series A funding.
Investors
The round was led by WestBridge Capital, with participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures.
WestBridge Capital is an investment firm focusing primarily on public and private investments in India. They invest $25M to $200M, aiming for substantial minority stakes. The firm prefers to invest in business-to-business commerce, consumer, consumer internet, education technology, financial technology, healthcare, health technology, industrials, real estate technology, software-as-a-service, and other technology sectors in India.
UptimeAI Use of Funds
The company will use the funding to support its expansion into North American, Middle Eastern, and Asian markets.
About UptimeAI
Founded in 2019 by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI provides AI-driven plant monitoring software for industrial businesses, including chemical, oil and gas, and utilities. Its solution is designed to boost the efficiency and profitability of process and manufacturing operations. UpTimeAI’s AI solutions predict equipment failures, identify inefficiencies, and recommend optimizations to enhance performance.
Funding Details
Company: UptimeAI, Inc.
Raised: $14.0M
Round: Series A
Funding Month: July 2024
Lead Investors: WestBridge Capital
Additional Investors: Emergent Ventures, Aditya Birla Ventures
Company Website: https://www.uptimeai.com/
Software Category: Plant Monitoring
