Artificial intelligence (AI) startup UptimeAI has secured $14 million (approximately INR 116 crore) in a Series A funding round led by WestBridge Capital, with participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures, the venture capital arm of the Aditya Birla Group. This funding will enable UptimeAI to scale its tech platform, expand its product portfolio, and extend its reach in North America, the Middle East, and Asia.
Founded in 2019 by Jagadish Gattu and Vamsi Yalamachili, UptimeAI provides AI-driven digital solutions that help manufacturing plants minimize efficiency losses and reduce maintenance costs. The startup’s platform predicts equipment failures before they occur, identifies inefficiencies, and suggests optimizations to improve performance. UptimeAI’s clientele spans sectors such as power generation, oil and gas, chemicals, metals, automotive, food and beverages, and aerospace, with notable clients including Bharat Petroleum Corporation Limited (BPCL), OCI Global, and UltraTech Cement.
With 90% of its revenue generated from the US and Middle Eastern markets, UptimeAI’s funding validates its go-to-market and product strategies, enhancing its offerings significantly. CEO Jagadish Gattu emphasized that this investment will further bolster their platform’s capabilities and expand their market presence. The fresh capital will be instrumental in achieving these goals and driving growth.
Aditya Birla Ventures founder Aryaman Vikram Birla noted that UptimeAI demonstrates strong return on investment (RoI) impact across large enterprise clients in the US and India. He stated that their investment aligns with their vision to support outstanding founding teams building businesses of tomorrow. This perspective underscores the potential and effectiveness of UptimeAI’s solutions in the heavy manufacturing industry.
Previously, UptimeAI raised $3.5 million in a seed funding round led by Emergent Ventures in 2022. Competing with global players like Augury and SparkCognition in the US and Indian startup Infinite Uptime domestically, UptimeAI operates in a global AI market for heavy industries projected to be a $47.8 billion opportunity by 2029. The startup was also featured in Inc42’s “30 Startups To Watch” in February 2021, highlighting its innovative contributions to the AI sector amidst a global AI boom.
