UptimeAI, a San Francisco, CA-based AI-based digital transformation solution provider for the energy, chemicals, and heavy industries, raised $3.5M in funding.
The round was led by Emergent Ventures, with participation from YourNest Venture Capital and new investors Sharad Sanghi, AI Sprouts, and Venture Catalysts.
The company intends to use the funds to expand in the US.
Led by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI offers AI-based virtual assistant software that uses patented self-learning workflows and system models to deliver human-like learning and diagnosis. UptimeAI’s ‘AI Expert’ combines artificial intelligence with subject matter knowledge to explain interrelations across upstream/downstream equipment, identify problems, and give prescriptive diagnosis at scale. The software empowers operators to improve reliability, performance, and energy efficiency with less effort. Over the past 1.5 years, the company has deployed its solution for Fortune 500 companies across Asia, ME, and North America in Power Generation, Renewables, Oil & Gas, Chemicals, LNG, and Cement.
FinSMEs
16/12/2022