Infinite Uptime bags $35M to help factories optimize equipment usage

Infinite Uptime, an Indian startup that offers predictive maintenance solutions for factories, has raised $35 million in a Series C funding round to expand its footprint in the U.S. and other markets. The manufacturing industry has lagged many industries in its adoption of tech, and much of the world’s heavy industry still depends on machines, many of which are aging and consume lots of energy. That said, modern tech is slowly but surely making its way into factories, particularly for maintenance and repairs — the space Infinite Uptime is targeting. The company says it provides predictive maintenance and repair recommendations using proprietary sensors, software analytics, and AI-based diagnostics. It also has a smart dashboard that provides live monitoring capabilities. “We give manufacturers pinpointed recommendations and intervention points, exactly what needs to be done in the plant, what parameters need to be looked at, which asset needs to be corrected,” Infinite Uptime’s foun ... Read full article.