Infinite Uptime raises $18.8M from Tiger Global

Infinite Uptime

Infinite Uptime, an Indian industrial IoT startup, has secured $18.85 million in additional funding led by Tiger Global as part of its ongoing funding round. The investment round also saw participation from existing investors such as Mayfield, GSR Ventures, VenturEast, and THK. The funding will be used to strengthen the startup’s global market share and expand its value delivery.

Infinite Uptime offers predictive maintenance solutions for machinery by using industrial data analytics. Its platform provides real-time condition monitoring, cloud data backup support, and a smart dashboard with live monitoring capabilities. This enables businesses to detect mechanical problems, forecast Remaining Useful Life (RUL), and execute timely maintenance actions, thereby improving plant reliability and reducing downtime.

Founded in 2015 and based in Pune, Infinite Uptime has gained over 300 customers, including renowned companies such as Vedanta, JSW Steel, Hyundai, and Adani. The startup has helped its clients save over 11,000 hours of unplanned downtime through advanced analytics, AI, and remote monitoring capabilities.

The latest investment is seen as a validation of Infinite Uptime’s business strategy and growth potential. It will allow the startup to focus on fundamental research, product development, and expanding its capabilities to meet the evolving needs of its customers.

Despite the current challenges faced by Indian startups in raising capital, Infinite Uptime’s successful funding round demonstrates the confidence of investors in the potential of IoT solutions for industrial maintenance and the company’s ability to make a significant impact in the global market.