Uptake Technologies
Funding History
| Growth Financing · 11/2017 | $2.3B |
|---|
Overview
Uptake Technologies is a Chicago, Illinois-based industrial artificial intelligence software company. It was co-founded in 2014 by Brad Keywell (also a co-founder of Groupon) along with Eric Lefkofsky, with a focus on applying data science and machine learning to industrial equipment and machinery.
The company's mission, as stated on its Built In Chicago profile, is to help industrial organizations digitally transform using open, purpose-built software, working toward what it describes as 'a world that always works' for the machines and equipment industrial companies depend on. Its software is used for predictive maintenance and asset performance management, aiming to help customers anticipate equipment failures before they occur.
Uptake has partnered with large industrial customers including Caterpillar and Berkshire Hathaway Energy, and has raised growth financing from investors such as Baillie Gifford, Revolution Growth, GreatPoint Ventures, and Lightbank, reaching a valuation of roughly $2.3 billion in its most recently reported round. It remains a privately held company headquartered in Chicago.
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