Factories aiming to reduce equipment downtime and improve efficiency have a growing list of AI-driven solutions, and Infinite Uptime is securing its place in the market. The Indian startup has raised $35 million in a Series C funding round, with plans to expand its predictive maintenance technology to more global markets, particularly the U.S.
The funding round was led by Avataar Ventures, with participation from StepStone Group, LGVP, and existing investors Tiger Global and GSR Ventures. This latest capital injection brings the company’s total funding to approximately $65 million since its launch in 2015, according to Crunchbase.
AI-Powered Predictive Maintenance for Heavy Industry
The manufacturing sector has been slow to adopt technology compared to other industries, but predictive maintenance solutions like those offered by Infinite Uptime are changing that. The startup provides manufacturers with AI-powered diagnostics, using proprietary piezoelectric sensors and software analytics to monitor equipment health. These tools generate real-time repair recommendations and intervention points, allowing plants to address potential failures before they lead to costly downtime.
Infinite Uptime’s founder, Raunak Bhinge, emphasized the precision of the company’s approach. “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,” he told TechCrunch.
Unlike larger competitors such as Rockwell, Siemens, and Honeywell, which rely on programmable logic controllers (PLCs) or programmable limit switches (PLS), Infinite Uptime’s solution takes a different approach. Bhinge argued that existing MEMS-based sensor technologies, which some startups offer, have limitations in high-temperature environments, making his company’s tech stand out.
Expansion Plans and Industry Impact
Currently operating in 800 plants across nearly 30 countries, Infinite Uptime serves industries such as steel, cement, metals, mining, fertilizers, chemicals, and paper. The company also collaborates with OEMs to integrate its AI layer into new products. With the latest funding, it plans to strengthen its U.S. presence and invest in R&D to refine its AI insights.
Bhinge noted that Infinite Uptime has helped customers achieve downtime savings of 74,274 hours, along with 5% to 10% improvements in productivity, energy efficiency, safety, and compliance. The startup has also secured about five patents in predictive maintenance technology.
Revenue has reportedly doubled every year for the past three years, and the company is already operationally cash-flow positive. The fresh funding will support product development and potential mergers and acquisitions to accelerate growth.
“We’re investing in how we can help manufacturers […] use less energy per ton of production from their existing build capacity,” Bhinge said, highlighting the company’s broader goal of improving industrial efficiency.
Featured image courtesy of Infinite Uptime
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