UptimeAI, a San Francisco, CA-based supplier of AI-based plant monitoring software program for industrial companies, raised $14M in Sequence A funding.
The spherical was led by WestBridge Capital with participation from Emergent Ventures and Aditya Birla Ventures.
The corporate intends to make use of the funds to develop operations and speed up its improvement efforts.
Based in 2019 by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI is a know-how supplier providing operational capabilities by way of its AI Professional OEx platform. It helps corporations within the chemical, oil and fuel, and utility sectors, serving to them perceive the relationships between asset efficiency and course of anomalies to drive operational excellence. Many world industrial clients have carried out its options throughout North America, the Center East, and India.
Commenting on the information, Jagadish Gattu, mentioned: “Our imaginative and prescient is to embed the experience of a seasoned Topic Matter Professional (SME) right into a self-learning AI answer, making this invaluable information accessible to each engineer aiming for operational excellence. With 90% of our revenues already generated from the US and Center East markets, and with our present profitability, this new funding validates our go-to-market and product technique. It is going to additional allow us to develop our AI Professional OEx platform choices in these key areas.”
The corporate secured $3.5M in seed funding in December 2022.
FinSMEs
12/08/2024
