AI startup UptimeAI raises $1.5 million in seed funding


New Delhi: UptimeAI, a startup specialising in synthetic intelligence-based predictive upkeep software program for heavy industries, has raised $1.5 million in seed funding from YourNest Venture Capital and different angel buyers.

The funding will assist UptimeAI scale its core know-how improvement efforts and broaden its presence in a number of worldwide markets, based on an announcement issued on Wednesday.

The firm was based in 2019 by Jagadish Gattu and Vamsi Yalamanchili. The firm’s AI-based “plant expert” helps operators keep away from surprises and maximise reliability, effectivity and productiveness.

“UptimeAI enables operational excellence by bringing human-like intelligence at scale to process billions of data points and give precise answers,” UptimeAI’s CEO Jagadish Gattu mentioned. “We are happy to have found a shared vision for this with YourNest Venture Capital, and look forward to working together to scale and take the UptimeAI value across the US, Europe and the Middle East.”

UptimeAI was one of many chosen startups in the YourNest SOAR Program, which accelerated funding for deep-tech startups in the course of the coronavirus lockdown, mentioned Vivek Mansingh, normal accomplice at YourNest Venture Capital.

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