Tiger Global Backs Indian Industrial Iot Startup Infinite Uptime In $18.8M Funding Round
05/22/23, 7:59 AM
Location
Money raised
$18.8 million
Industry
software
Investors
Thk, Ventur East, Gsr Ventures, Mayfield, Tiger Global
Infinite Uptime, an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger Global at a valuation of $60 million post-money.
Company Info
Location
pune, maharashtra, india
Additional Info
Infinite Uptime is an Industrial AI pioneer, offering 99.99% guaranteed equipment reliability and up to 2% energy reduction per unit of production to help global industrials unlock up to $2 Trillion in value.
Serving over 800 plants across 26 countries, the company harnesses the power of its piezo-electric sensing technology along with contextualized process data to deliver user-validated diagnostics and recommendations to improve efficiencies in the process industry. These prescriptions, along with interventions, have added over 70,000 additional production hours in industries like Steel, Cement, Metals, Paper, Energy, Chemicals, Tires, Pharma, F&B and FMCG.