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The Series A fundraising round headed by WestBridge Capital has received $14 million, or around INR 116 crore, for the artificial intelligence (AI) startup UptimeAI.
The business plans to grow its product line and scale its AI tech stack with the money. A portion of the money will also be used to expand UptimeAI's reach throughout the Middle East, Asia, and North America.
The venture capital (VC) division of the Aditya Birla Group, Aditya Birla Ventures, and current sponsor Emergent Ventures also participated in the investment round.
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The startup's AI engine finds inefficiencies, forecasts equipment problems before they happen, and makes optimisation recommendations to boost output. Power generation, oil & gas, chemicals, metals, automotive, food and beverage, and aerospace are just a few of the industries it serves as clients. Among the startup's clientele are Bharat Petroleum Corporation Limited (BPCL), OCI Global, and UltraTech Cement.
Through its AI-driven digital solutions, UptimeAI helps its clients in the heavy manufacturing sector minimise efficiency losses, lower maintenance costs, and boost worker productivity.
Jagadish Gattu, UptimeAI CEO, said: “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,”
Aryaman Vikram Birla, Aditya Birla Ventures founder, said: “UptimeAI demonstrates strong RoI (return on investment) 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”.
About UptimeAI
Founded in 2019 by Jagadish Gattu and Vamsi Yalamachili, UptimeAI uniquely combines Artificial Intelligence with Subject Matter Knowledge from 200+ years of cumulative experience to explain interrelations across upstream/downstream equipment, adapt to changes, identify problems, and give prescriptive diagnosis like a human expert would.
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