Uptake builds a plug-and-play SaaS platform that reads signals from industrial machines and applies machine-learning algorithms to predict failures and maintenance needs. The product works with both newer IoT systems and legacy sensors, extracting diagnostic signals such as vibrations to identify issues. Uptake holds multiple patents on its technology and positions itself as a solution for heavy industries including oil & gas, mining, energy and utilities. The company says it serves dozens of industrial customers across six continents, including Berkshire Hathaway Energy, Caterpillar and Panduit. Management has signaled plans to “go on the offence” and pursue large markets like gas and energy. Financially, Uptake is already cash-flow positive and has raised over $250 million to date. Uptake is a predictive analytics SaaS platform that delivers solutions across major industries to increase productivity, reliability, and safety. The company aggregates enterprise and external data and applies cross-industry data science to produce high-value, actionable insights. Uptake's platform is powered by a continuous feedback loop that recommends impactful actions which are then optimized by human intelligence. The company leverages partnerships with industry icons to support its platform and industry deployments. Uptake is led by Groupon co-founder Brad Keywell. Financially, Uptake recently raised $40 million from Revolution Growth. Uptake is a Chicago-based data analytics startup. The company focuses on data analytics services and solutions. It announced a $45 million funding round led by GreatPoint Ventures. New Enterprise Associates and Caterpillar, previous Uptake investors, also participated in the round. The financing pushed Uptake to an estimated $1.1 billion valuation, giving it “unicorn” status, according to The New York Times. The article does not provide additional operating metrics, product details, or future plans.

Total raised

$202M

Funding rounds

3

Latest round

Series D

Latest activity

Nov 2017