UptimeAI, a San Francisco, CA-based provider of AI-based plant monitoring software for industrial businesses, raised $14M in Series A funding.
The round was led by WestBridge Capital with participation from Emergent Ventures and Aditya Birla Ventures.
The company intends to use the funds to expand operations and accelerate its development efforts.
Founded in 2019 by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI is a technology provider offering operational capabilities via its AI Expert OEx platform. It supports firms in the chemical, oil and gas, and utility sectors, helping them understand the relationships between asset performance and process anomalies to drive operational excellence. Many global industrial customers have implemented its solutions across North America, the Middle East, and India.
Commenting on the news, Jagadish Gattu, said: “Our vision is to embed the expertise of a seasoned Subject Matter Expert (SME) into a self-learning AI solution, making this invaluable knowledge accessible to every engineer aiming for operational excellence. With 90% of our revenues already generated from the US and Middle East markets, and with our current profitability, this new funding validates our go-to-market and product strategy. It will further enable us to expand our AI Expert OEx platform offerings in these key regions.”
The company secured $3.5M in seed funding in December 2022.
FinSMEs
12/08/2024