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UptimeAI raises $14 Mn in Series A round

EntrackrEntrackr · 12m ago
UptimeAI raises $14 Mn in Series A round
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. UptimeAI’s four modules include – 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.

Infinite Uptime raises $35 Mn in Series C round

EntrackrEntrackr · 4m ago
Infinite Uptime raises $35 Mn in Series C round
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.

Ai Health Highway bags $1 Mn led by Turbostart

EntrackrEntrackr · 9m ago
Ai Health Highway bags $1 Mn led by Turbostart
Medial

Health-tech startup Ai Health Highway has raised $1 million in a pre-Series A funding round led by Turbostart. This investment is part of a larger $1.5 million funding round, which includes co-investments from notable investors such as Rainmatter by Zerodha, The Chennai Angels, BITS BioCyTiH Foundation, and other angel investors. The proceeds will be used to solidify its presence in India, accelerate international regulatory approvals, and broaden its AI/ML offerings in the cardio-respiratory domain, Ai Health Highway stated in a press release. Founded in 2018 by Satish Jeevannavar, Ai Health Highway focuses on providing tech-enabled screening tools that aid in the early detection of non-communicable diseases (NCDs) and improve healthcare accessibility through its AI-enabled stethoscope, AiSteth. The company aims to reduce global premature deaths from NCDs by 30% by 2030. According to Ai Health Highway, AiSteth empowers cardiac care by assisting healthcare professionals and non-specialists in interpreting heart sounds to support accurate clinical decisions. It utilizes advanced AI and signal processing to transform traditional stethoscopes into powerful screening tools capable of detecting life-threatening cardiac disorders at an early stage. The AI-enabled stethoscope seamlessly integrates into existing workflows, equipping primary care providers with high-quality heart sound capture, analysis, and data-sharing capabilities, thereby enhancing the accessibility and affordability of healthcare solutions.

GreenStitch bags $1.2 Mn in seed round

EntrackrEntrackr · 5m ago
GreenStitch bags $1.2 Mn in seed round
Medial

GreenStitch, a sustainability-focused SaaS platform designed for the fashion and textile industry, has raised $1.2 million in its seed round led by Equirus InnovateX Fund, with participation from Ivycap Ventures, Warmup Ventures, and Zeca Ventures. The round also saw participation from climate and fashion experts and entrepreneurs like Anshuman Bapna (founder, Terra.do), Sumit Jain (CTO, Zalora), Pankaj Vermani (founder, Clovia), Amit Kumar (founder, Nobroker), Senthil Sankar (founder, Ecoline) has also invested in this round. The proceeds will be used to strengthen its team and product and build a database for fashion and textiles. Founded by Narendra Makwana and Arpit Samdani, GreenStitch integrates directly with enterprise ERP and PLM systems, consolidating information from multiple supply chain tiers, identifying data gaps, and using AI and machine learning to fill missing details. This ensures reliable Scope 3 GHG calculations, even with incomplete datasets, while also identifying ESG risks in the supply chain. In addition to data-driven emissions tracking, GreenStitch offers tools for decarbonization and predictive modeling. These tools enable companies to evaluate how design choices and supplier decisions impact carbon emissions—helping businesses adopt proactive sustainability strategies before production begins.

Marketing SaaS platform Highperformr.ai bags $3.5 Mn in seed round

EntrackrEntrackr · 1y ago
Marketing SaaS platform Highperformr.ai bags $3.5 Mn in seed round
Medial

Marketing SaaS platform Highperformr.ai has raised $3.5 million in its seed round led by Venture Highway, Neon, and DeVC. The round also saw participation from angel investors including Shan Krishnasamy, Sidharth Malik, Suman Gopalan, Arvind Parthiban, Alok Goel, and Tarkeshwar Thakur. The proceeds will be used for R&D on ramping up its AI tools and establishing a distribution network. Founded in July 2023 by Srivatsan Venkatesan and Ramesh Ravishankar, Highperformr currently offers Team Plans, priced at $97 per month, and a Professional Plan that costs $17 per month. The Chennai and US-based AI firm allows users to write, curate, ideate, and post variations of the same content using generative AI, which can then be promoted through multiple accounts. The platform also helps clients generate leads, amplify their presence, and accelerate growth in the sales pipeline.

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