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UptimeAI Secures $14M in Series A Funding to Accelerate North American Expansion

With 90% of our revenues already generated from the U.S. and Middle East markets, and with our current profitability, this new funding validates our go-to-market and product strategy.
UptimeAI, a pioneering AI-based plant monitoring software company, announced today that it has raised $14 million in Series A funding to fuel its expansion in North America. The funding round was led by WestBridge Capital, with additional investments from Emergent Ventures and Aditya Birla Ventures. This fresh capital injection comes on the heels of UptimeAI’s remarkable 400% growth in fiscal year 2023. The funds will be used to accelerate the company’s mission to revolutionize industrial plant monitoring and maintenance in the United States, an area where the demand for advanced AI solutions is surging. Meeting Industry Demands with AI Innovation The global market for AI in heavy industries is poised for significant growth, projected to rise from $10.6 billion in 2024 to $47.
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Anshika Mathews
Anshika is the Senior Content Strategist for AIM Research. She holds a keen interest in technology and related policy-making and its impact on society. She can be reached at anshika.mathews@aimresearch.co
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