Additional funding of $18.85 million successfully secured by Infinite Uptime

Infinite Uptime, an Indian IoT startup that specializes in predictive maintenance solutions for machinery, has successfully raised $18.85 million through an ongoing fundraising round led by Tiger Global with participation from existing investors including Mayfield Group LLC, GSR Ventures LLC, VenturEast Capital Fund Limited (VCFL), VenturEast Management Services LTD (VMSL) and THK as participants. This funding boost will serve to strengthen Infinite Uptime’s global market position while simultaneously strengthening delivery of value-added services.

Manufacturing facilities often face mechanical challenges related to wear and tear, deterioration, vibrations and excessive strain that lead to equipment breakdowns. To address these challenges, Infinite Uptime employs industrial data analytics which offer essential features like real-time condition monitoring combined with cloud backup support as well as live tracking of Remaining Useful Life (RUL) forecasting capabilities which enable businesses to plan maintenance interventions effectively and schedule timely actions accordingly. To meet such demands effectively and cost efficiently. Infinite Uptime employs industrial data analytics which offers essential features like real-time condition monitoring combined with cloud backup support plus real-time condition monitoring of condition monitoring plus real time condition monitoring! To tackle such challenges effectively Infinite Uptime utilizes industrial data analytics offering essential features including real-time condition monitoring combined with cloud backup support as well as live condition forecasts from RUL prediction capabilities enabling businesses strategically plan and execute timely maintenance measures by utilising its platform incorporating sophisticated dashboard capabilities enabling live monitoring plus cloud backup support enabling businesses strategically plan and execute maintenance actions effectively!

Established in December 2015 and located in Pune, India, Infinite Uptime provides customized solutions that include remote condition monitoring, data-driven machine diagnostics and digital reliability services. Through advanced data analytics capabilities, Infinite Uptime works towards increasing plant reliability while offering predictive insights that mitigate failures at manufacturing facilities.

Raunak Bhinge, founder and CEO of Infinite Uptime, expressed great excitement regarding their recent investment, viewing it as validation of both their business strategy and growth potential. With funding now in hand, Infinite Uptime plans on investing heavily into fundamental research, product development and expanding expertise – making sure Infinite Uptime remains responsive to customers’ changing demands in an ever-evolving market environment.

Infinite Uptime boasts over 300 customers worldwide and counts Vedanta, JSW Steel, Hyundai Borosil Ceat Adani as among them – contributing towards increasing plant reliability, production volume increases and operational efficiencies of manufacturing partners around the globe. The startup’s contributions have played an instrumental role in providing reliable manufacturing environments.

Griffin Schroeder, Partner at Tiger Global, expressed great enthusiasm about investing in Infinite Uptime due to their sustained growth and positive influence in the industry. Schroeder highlighted Infinite Uptime’s remarkable accomplishments through advanced analytics, AI, remote monitoring capabilities and reduced unplanned downtime–more than 11K hours have been saved thanks to Infinite Uptime customers alone!

Vikram Godse, Managing Partner at Mayfield, spoke about their ongoing support of Infinite Uptime as seed investors, detailing its remarkable expansion as an IoT leader and advocate. Mayfield remains dedicated to investing alongside Infinite Uptime supporters as it embarks on this exciting path toward further expansion.

Infinite Uptime has expanded beyond India to open offices in Berkeley, California and Dubai as proof of their global reach and dedication to serving various markets. Their vision is to play an instrumental role in increasing factory floor efficiency thereby helping emerging economies compete successfully with each other globally. Sanjeev Yamsani of VenturEast noted their ability to scale globally out of India demonstrating innovation from within our borders that resonates worldwide.

Recent investment into Infinite Uptime comes at a challenging time for Indian startups as they attempt to navigate macro-level funding difficulties and deal with financial irregularities within some prominent players. Global venture capitalists have become more wary about allocating funds than before – in spite of all this however, Infinite Uptime managed a successful funding round, showing investors’ trust and acknowledging its potential.


Posted

in

by

Tags: