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Infinite Uptime secures $35 mn to expand presence in the US
Inshorts
ยท
4m ago
Medial
Deeptech startup Infinite Uptime has raised $35 million in its Series C funding round led by Avataar Ventures. The round also saw participation from investors such as StepStone Group and LGVP, along with existing investors, including Tiger Global and GSR Ventures. The startup will use the capital to expand its footprint in the US and other markets.
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Avataar Venture Partners leads Infinite Uptimeโs $35-mn Series C round
VCCircle
ยท
4m ago
Medial
Infinite Uptime, an IoT startup, has raised $35 million in a Series C funding round led by Avataar Venture Partners, with participation from StepStone Group, LGVP Fund, and existing investors Tiger Global and GSR Ventures. The funds will enhance its IoT platform, expand manufacturing presence, and grow in the US and globally. Known for its Industrial Data Enabler (IDE), the company operates in 26 countries, managing 801 production sites, and serves various manufacturing industries.
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Industrial analytics startup Infinite Uptime raises $35 million from Avataar Ventures, others
Economic Times
ยท
4m ago
Medial
Infinite Uptime, an industrial analytics startup, raised $35 million in funding led by Avataar Ventures, with participation from StepStone Group and others. The funds will support its US market expansion. Infinite Uptime provides predictive maintenance solutions for heavy industries, aiming to enhance plant efficiency and reduce downtime. Operating on a subscription basis, it offers AI-driven maintenance recommendations. The company plans to maintain its strong revenue growth, doubling annually since 2021, as it expands globally.
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Infinite Uptime raises $35 Mn in Series C round
Entrackr
ยท
4m ago
Medial
Infinite Uptime, a provider of predictive maintenance solutions for industrial machinery, has secured $35 million in its Series C round, led by Avataar Ventures with participation from StepStone Group and LGVP, along with existing investors Tiger Global and GSR Ventures. The Pune- and California-based startup has raised around $65 million to date, including an $18.85 million Series B3 round in May 2023. The fresh funds will drive Infinite Uptime's growth, facilitating the advancement of its IoT platform, broadening its presence in the manufacturing sector, and expanding its footprint in the U.S. and other international markets. Founded in 2015 by Raunak Bhinge, Infinite Uptime leverages advanced AI and machine learning to remotely diagnose and predict machinery issues, aiming to improve operational efficiency and reduce downtime. The startup currently serves 800 plants in nearly 30 countries and focuses on manufacturing industries, including cement, steel, metals & mining, FMCG, chemicals, oil & gas, power, pharma, tires, automotive, construction, pipes, and others. For the fiscal year ending in March 2024, Infinite Uptime's revenue surged more than two-fold to Rs 54.74 crore in FY24 from Rs 24.71 crore in FY23. The company managed to control its losses to Rs 8.4 crore in FY24 from Rs 13.5 crore in the previous year. Infinite Uptime competes with UptimeAI, which raised $14 million in a Series A round in July last year. Other global competitors include Sight Machine, Prospection, SparkCognition, and Augury.
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ETtech deals digest: Startups raise $342 million this week; up 2.4x on-year
Economic Times
ยท
4m ago
Medial
Between March 8 and 13, startups raised approximately $342.4 million, a 2.4 times increase from the previous year's period and a 31.2% rise from the prior week's total. This funding came from 13 deals, in contrast to last year's 24 deals amounting to $143 million. Key deals included Zolve securing $251 million, Scimplify raising $40 million, Infinite Uptime garnering $35 million, and AmpereHour Energy obtaining $5 million.
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Deeptech startups snagged $324 million in first four months of the year
Economic Times
ยท
2m ago
Medial
Deeptech startups in India raised $324 million across 35 deals in the first four months of 2025, doubling from $156 million last year. Notable deals included investments in Netradyne, SpotDraft, and Infinite Uptime. The sector, attracting interest from large investors, is benefiting from government initiatives and increased commercial use cases. However, challenges persist, such as longer commercialization times and market creation. Experts suggest that diverse support, like subsidy models, could enhance adoption.
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Mayfield India makes partial exit from six-year-old bet
VCCircle
ยท
2m ago
Medial
Mayfield India's domestic arm, part of a US-based venture capital firm with over $3 billion in assets, has made a partial exit from a portfolio company it first backed over six years ago. The firm, led by managing partner Vikram Godse, has invested in startups such as Agnikul, Amagi, and Infinite Uptime. The move marks a significant step in their investment strategy, reflecting ongoing adjustments in their portfolio management.
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DesignX raises $2 Mn in pre-Series A round led by Rockstud Capital
Entrackr
ยท
7d ago
Medial
DesignX raises $2 Mn in pre-Series A round led by Rockstud Capital Noida-based DesignX has raised $2 million in a Pre-Series A funding round led by Rockstud Capital, with participation from We Founder Circle, Piper Serica, and existing clients. The proceeds will be used to expand across India and international markets, and to enhance the platform's AI and integration capabilities. Founded in 2015 by engineers Rajat and Nishant Srivastava, the firm offers a digital factory operating system (Df-OS) that digitizes over 600 factory floor processes and integrates with existing ERP, IoT, and enterprise tools to provide real-time operational insights. DesignX currently serves clients including Unilever, Suzuki, Dabur, Hero, and others across sectors like automotive, FMCG, and pharma. It competes with players such as Precog, Infinite Uptime, and Lynkit in the Industry 4.0 and smart manufacturing space.
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First Coffee Bags $1.2 Mn Funding From BEENEXT To Scale Up Store Network
Inc42
ยท
10m ago
Medial
First Coffee is planning to expand its store presence by opening 35 stores in key urban areas in the Delhi NCR region and Tier I cities in North India. The company aims to use the funds to not only increase its store count but also to expand its talent pool and enhance its marketing efforts. Blue Tokai Coffee Roasters recently raised $35 million in its Series C funding round, led by Verlinvest, a Belgian investment firm.
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UptimeAI raises $14 Mn in Series A round
Entrackr
ยท
1y ago
Medial
Artificial intelligence 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. UptimeAI will use the proceeds to scale up its tech platform, expand product portfolio and presence in North America, Middle East and Asia. The company has bases in Bengaluru and San Francisco as well. Five-year-old UptimeAI 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. UptimeAIโs four modules include โ 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. Led by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI was one of the selected startups in the YourNest SOAR Program. In February 2021, UptimeAI also raised $1.5 million in seed funding from YourNest Venture Capital and angel investors. UptimeAI competes with Tiger Global-backed Infinite Uptime, which raised $18.85 million in a round in May last year. Other global competitors include Sight Machine , Prospection SparkCognition, and Augury.
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Verlinvest Makes $35 Mn Strategic Investment In Blue Tokai Coffee
Inc42
ยท
11m ago
Medial
Belgian investment firm Verlinvest has invested $35 million in specialty coffee retailer Blue Tokai Coffee Roasters. The funding round also included contributions from existing investors Anicut Capital and A91 Partners. Blue Tokai plans to use the funds to expand its presence to more than 350 locations in the next few years, invest in product innovation, and explore new sales channels.
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