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Funding

Tiger Global leads Infinite Uptime's $18.85 million round

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Infinite Uptime logo
Date
Company
Infinite Uptime
What it does
Series B3 extension
Kind
Funding
Amount
$18.85 million
Stage
Series B3
Based in
Pune
Founded
2015

What they do

Tiger Global led the Series B3, an extension of an ongoing round, adding $18.85 million to the company

What happened

Existing investors Mayfield, GSR Ventures, VenturEast and THK also joined, and the money will fund research, product work and wider reach

Why it matters

Pune-based since December 2015, the firm said it had passed 300 customers by then, monitoring machines remotely with data analytics

The details

  • Tiger Global led a $18.85 million Series B3 round.
  • Mayfield, GSR Ventures, VenturEast and THK also put in money.
  • The cash goes to research, product development and global market share.
  • The company then had over 300 customers.

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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