UptimeAI develops the AI Expert OEx platform to provide AI-based plant monitoring and operational insights for industrial customers. Its software helps firms in the chemical, oil & gas, and utility sectors understand relationships between asset performance and process anomalies to drive operational excellence. The company has been deployed by many global industrial customers across North America, the Middle East, and India. UptimeAI reports that 90% of its revenues come from the US and Middle East and that it is currently profitable. The company plans to expand operations and accelerate development of its platform using the new funding, with a focus on its key regions. UptimeAI develops an AI-based virtual assistant called 'AI Expert' that combines artificial intelligence with subject matter knowledge, using patented self-learning workflows and system models to explain equipment interrelations and deliver prescriptive diagnosis. The software is designed to help operators improve reliability, performance, and energy efficiency with less effort. The company serves energy, chemicals, and other heavy industries and has been deployed in power generation, renewables, oil & gas, LNG, and cement. Over the past 1.5 years UptimeAI has deployed its solution for Fortune 500 companies across Asia, the Middle East, and North America. UptimeAI is led by Jagadish Gattu and Vamsi Yalamanchili and is based in San Francisco, California. The company raised $3.5M in funding and intends to use the proceeds to expand in the US. UptimeAI builds an AI-based predictive maintenance platform that acts as a virtual plant expert for heavy industries. The product consolidates cutting-edge AI and over 200 years of subject-matter-expert knowledge to monitor plants and provide human-like intelligence at scale. UptimeAI says its patent-pending AI and self-learning workflows enable rapid deployment and can offer up to a 10x reduction in alarms, manual effort and time to act. Founded in 2019 by Jagadish Gattu and Vamsi Yalamanchili, the company has a core team focused on power, oil and gas, chemicals and automotive sectors. It raised a $1.5 million seed round to scale core technology efforts and expand its presence in the US, Europe and the Middle East. Leadership credentials cited include Gattu's 15 years managing predictive maintenance solutions and multiple patents, and Vamsi's prior entrepreneurial exit.

Total raised

$19M

Funding rounds

3

Latest round

Series A

Latest activity

Aug 2024