UptimeAI Bags Funding From ABB Motion To Optimise Its AI Suite

SUMMARY

UptimeAI has raised an undisclosed amount of investment from the venture arm of Switzerland-based ABB Motion

ABB Motion will acquire a minority stake in UptimeAI

Prior to this investment, the startup had raised over $19 Mn from investors like YourNest Venture Capital, Sharad Sanghi, AI Sprouts and Venture Catalysts

Artificial intelligence (AI) startup UptimeAI has raised an undisclosed amount of investment from the venture arm of Switzerland-based ABB Motion.

In a statement, ABB said that the investment would help UptimeAI’s AI-driven digital solutions provide clients insights on improving their asset performance.

ABB Motion, which is a part of the ABB Group, is a leading company in the motors and drives segment. As part of the deal, ABB Motion will acquire a minority stake in UptimeAI.

With the partnership, the companies plan to initially provide solutions to players in heavy asset industries, starting with addressing the needs of cement, metals and water pipes sectors in India.

“By introducing tailored solutions for these critical industries, the partnership seeks to enable companies to achieve operational excellence, reduce unplanned downtime and enhance overall productivity,” the statement said.

Founded in 2019 by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI provides deep insights to minimise losses, maintenance costs and increase workforce productivity via its AI-driven digital solutions to enterprises operating in heavy industries sector.

Through its AI Expert OEx platform, the startup claims to empower engineers to solve operational issues faster by explaining the relationships between reliability, performance, and equipment to automatically diagnose the root cause and suggest mitigations.

Commenting on the funding, UptimeAI cofounder and CEO Gattu said, “By joining forces, we will optimise operations and address the unique challenges faced by industrial customers such as root cause analysis, continuous improvement, and knowledge management.”

UptimeAI’s client base includes Tata Power, GMR, Bharat Petroleum, Ultratech, among others. Besides, it claims that it has an array of global industrial customers from North America and the Middle East.

The startup competes with the likes of Infinite Uptime in the Indian market and Augury and SparkCognition in the global terrains.

Prior to this investment, the startup had raised over $19 Mn from investors like YourNest Venture Capital, Sharad Sanghi, AI Sprouts and Venture Catalysts. It last raised $14 Mn in its Series A funding round led by WestBridge Capital back in July 2024.

According to Inc42’s annual funding report, AI-led startups contributed to a major funding surge in the wider deeptech sector, which recorded a 33% year-on-year jump in funding to $460 Mn in 2024.