AI startup UptimeAI has raised $14 million in its Series A funding round led by WestBridge Capital. The round also saw participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures.
The company is Five-year-old & they creates AI-based solutions that help plant operators maximise efficiency and reliability. As per the company, its team has core competency in areas including power, oil and gas, chemicals, metals, and aerospace among others.
UptimeAI will use the new funding to scale up its tech platform, expand product portfolio and presence in North America, Middle East and Asia.
UptimeAI’s four modules include – connect the dots, no code predictive alerts, inferencing engine for prescriptive actions, and continuous self-learning. It has a patented system and method for monitoring complex structures to identify the root cause of inefficiencies.
In September last year, Bharat Petroleum Corporation Limited (BPCL) tied up with UptimeAI to optimize operational efficiency.
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