VC Fund Investments
Asset & plant performance enabler UptimeAI raises $3.5 M led by Emergent Ventures
UptimeAI, an AI-based digital transformation solution provider for the energy, chemicals, and heavy industries, has raised USD 3.5 million led by Emergent Ventures with participation from existing investors YourNest and new investors Sharad Sanghi, AI Sprouts, and Venture Catalysts. With the funding, UptimeAI plans to expand in the US to cater to its growing customer base. Founded by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI offers an AI-based virtual assistant software that uses patented self-learning workflows and system models to deliver human-like learning and diagnosis. The software claims to empower operators to improve reliability, performance, and energy efficiency with less effort. Over the past 1.5 years, UptimeAI claims to have deployed its solution for Fortune 500 companies across Asia, ME, and North America in power generation, renewables, oil & gas, chemicals, LNG, and cement.
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