AI startup UptimeAI raised $14 M Series A funding from WestBridge Capital
In its Series A funding round, which was spearheaded by WestBridge Capital, artificial intelligence startup UptimeAI has raised $14 million. Both newcomer Aditya Birla Ventures and returning investor Emergent Ventures participated in the round as well.
The money raised will be used by UptimeAI to grow its tech platform, product line, and footprint in the Middle East, Asia, and North America.
Additionally, the company maintains bases in San Francisco and Bengaluru.
UptimeAI, which has been around for five years, develops AI-based solutions to help plant operators maximize dependability and efficiency. The company claims that among other industries, its staff’s core competencies are power, oil and gas, chemicals, metals, and aerospace.
Connect the dots, no code predictive alerts, inferencing engine for prescriptive actions, and continuous self-learning are the four modules that comprise UptimeAI. It monitors intricate structures using a patented system and technique to find the source of inefficiencies.
Bharat Petroleum Corporation Limited (BPCL) partnered with UptimeAI in September of last year in order to maximize operational effectiveness.
UptimeAI, under the direction of Jagadish Gattu and Vamsi Yalamanchili, was one of the startups that was chosen for the YourNest SOAR Program. Additionally, YourNest Venture Capital and angel investors contributed $1.5 million in seed funding to UptimeAI in February 2021.
Tiger Global-backed Infinite Uptime, which raised $18.85 million in a funding round in May of last year, is a competitor of UptimeAI. Prospection SparkCognition, Augury, and Sight Machine are some of the other competitors in the global market.
