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Funding

Infinite Uptime raises $5 million Series A

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Infinite Uptime logo
Date
Company
Infinite Uptime
What it does
Pune industrial IoT firm
Kind
Funding
Amount
$5 million
Stage
Series A
Based in
Pune
Founded
2015

What they do

Pune-based industrial IoT provider collected roughly $5 million in Series A money from several venture funds around the world

What happened

Mayfield and GSR Ventures put in $1.37 million each, IL&FS added $2 million, and strategic backer GiTV gave $0.26 million

Why it matters

Founder Bhinge said most machine breakdowns come from mechanical faults, and there is no scalable way to analyse that data

The details

  • Infinite Uptime sells industrial IoT tools that watch machines for faults.
  • It took about $5 million in Series A funding from funds abroad and in India.
  • Founder Raunak Bhinge announced the round at a press conference in Pune.

Investors

About Infinite Uptime

Product
Real-time fault diagnostics and predictive maintenance for industrial machinery using vibration sensors and frequency analysis
Customers
Heavy manufacturing industries including cement, steel, metals, mining, FMCG, chemicals, oil and gas, power, pharma
How it makes money
Subscription-based SaaS model for predictive maintenance monitoring and diagnostics
What sets it apart
Proprietary frequency analysis of vibrations with AI to predict equipment failures before they occur

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