Infinite Uptime is an Indian IoT startup that specializes in predictive maintenance for machinery. It has secured an additional 18.85 million dollars in funding. The capital infusion is part of a funding round that Tiger Global leads, with participation by existing investors like Mayfield, GSR Ventures and VenturEast. The investment will help the startup to strengthen its global market position, and improve the delivery of value added solutions.
Mechanical issues such as excessive vibrations and wear and tear can lead to breakdowns in manufacturing facilities. Infinite Uptime uses industrial data analytics to address these problems, providing a comprehensive set of essential features. This includes real-time monitoring of condition, complemented with cloud data backup. Their platform also includes a sophisticated dashboard which allows for live monitoring, and forecasting of Remaining Usable Life (RUL) or downtime. These capabilities enable businesses to plan and implement timely maintenance in a strategic manner.
This startup, based in Pune, India and founded in December 2015, offers customized solutions, including remote condition monitoring, machine diagnostics and digital reliability services. Infinite uptime uses intelligent data analytics to improve plant reliability and provide predictive insights in order to minimize failures.
Raunak Bhinge expressed his excitement about the recent investment. He highlighted its importance as a confirmation of the business strategy of the company and its growth potential. Raunak Bhinge, Founder and CEO of Infinite Uptime, expressed his excitement about the recent investment, highlighting its significance as a validation of the company’s business strategy and growth potential. Infinite Uptime’s commitment to innovation will allow it to meet the changing needs of customers and the ever-changing market.
Infinite uptime has a client base of more than 300. This impressive list includes companies such as Vedanta and JSW Steel. Borosil, Ceat and Adani are also clients. The startup has been instrumental in improving plant reliability, increasing production volume and overall operational efficiency.
Griffin Schroeder is a Partner at Tiger Global and he expressed his excitement to invest in Infinite Uptime. He recognized the startup’s positive impact on industry, as well as its continued growth. He highlighted the significant improvements that the company has made by leveraging AI, advanced analytics and remote monitoring capabilities. Infinite Uptime customers have benefited from the significant reduction in unplanned downtime, which has been reduced by over 11,000 hours.
Vikram Godse (Managing Partner, Mayfield) emphasized the company’s ongoing support of Infinite Uptime. He described its remarkable growth in his role as a seed investment. Mayfield, which recognizes Infinite Uptime as a leader in the IoT sector and a champion of the technology, remains committed to supporting the company as it embarks on a journey for further expansion.
Infinite Uptime, in addition to its India Office in Pune, has opened offices in Berkeley, California and Dubai. This shows its global reach and commitment in serving diverse markets. The company’s goal is to enhance factory efficiency and enable the global south to be competitive. Sanjeev Yamsani praised the startup for its ability to scale globally from India. This is a compelling example that innovation emanates out of the country and resonates around the world.
Infinite Uptime’s recent investment comes at a difficult time for Indian startups as they struggle with macro-level financing crunch and financial irregularities. Venture capitalists are becoming more careful about how they allocate their money. Infinite Uptime has overcome these obstacles and its successful funding round demonstrates the investors’ confidence in the company.
