Industrial AI startup UptimeAI has secured $14 million in Series A funding led by . Other participating investors include along with existing investor .
The San Francisco-based firm provides AI-driven plant monitoring software for industrial businesses to boost the efficiency and profitability of process and manufacturing operations.
“Our vision is to embed the expertise of a seasoned Subject Matter Expert into a self-learning AI solution. With 90% of our revenues from the US and Middle East markets, this funding validates our go-to-market and product strategy and enhances our offering significantly,” said Jagadish Gattu, CEO of UptimeAI.
The fresh funds will facilitate the company’s expansion into North American, Middle Eastern, and Asian markets.
“Our AI solution not only predicts equipment failures before they occur, but also identifies inefficiencies and suggests optimizations to improve performance. This approach significantly reduces any unplanned downtime, ultimately enhancing operational reliability and efficiencies – paving the way for a smarter, more resilient future,” he added.
The company claims that its solutions deliver a 10-15X return on investment within nine months, with minimal involvement from on-site teams. Utilising a patented system model design, their approach eliminates the need for ongoing AI model training by data scientists.
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As a result, the company said that most customers have implemented the solution across all sites within 12 months, making substantial savings in energy and maintenance costs.
“The platform has a 100% success rate in improving profitability. This investment will help larger industrial enterprises optimize their reliability, process efficiency, and maintenance costs,” said Rishit Desai, Partner at WestBridge Capital.
Founded in 2019 by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI provides AI-driven manufacturing solutions to companies spanning across chemical, oil and gas, and utility sectors. In December 2022, the company secured $3.5 million in seed funding.
“UptimeAI demonstrates strong ROI impact across large enterprise clients in the US and India. Our investment aligns with our vision to support outstanding founding teams building businesses of tomorrow,” said Aryaman Vikram Birla, Founder of Aditya Birla Ventures.
Edited by Suman Singh
