Fundz

Tiger Global Backs Indian Industrial Iot Startup Infinite Uptime In $18.8M Funding Round

May 22, 2023

Amount Raised

$18.8 Million

Round Type

Funding Round

PuneSoftware

Investors

ThkVentur EastGsr VenturesMayfieldTiger Global

Description

Infinite Uptime, an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger Global at a valuation of $60 million post-money.

Quick answer

Infinite Uptime raised $18.8 Million in a Funding Round round, dated May 22, 2023. Investors: Thk, Ventur East, Gsr Ventures, Mayfield and Tiger Global. Infinite Uptime is based in Pune, Maharashtra, India.

How much did Infinite Uptime raise?
Infinite Uptime raised $18.8 Million in a Funding Round round on May 22, 2023.
Who invested in Infinite Uptime?
Thk, Ventur East, Gsr Ventures, Mayfield and Tiger Global are named as investors in this round.
What does Infinite Uptime do?
Infinite Uptime is an Industrial AI pioneer, offering 99.99% guaranteed equipment reliability and up to 2% energy reduction per unit of production to help global industrials unlock up to $2 Trillion in value.
Where is Infinite Uptime based and how big is it?
Infinite Uptime is based in Pune, Maharashtra, India. Fundz records about 258 employees.
Who are the decision-makers at Infinite Uptime?
Fundz holds 1 contact at Infinite Uptime. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Infinite Uptime that raised within 45 days of this round, from Fundz verified event records.

  • nami raised $11M (Series A) on July 6, 2023.
  • Verses Technologies raised $871K (Seed) on July 6, 2023.
  • Ex Fusion raised $1.8B (Seed) on July 6, 2023.
  • Battery Smart raised $33M (Funding Round) on July 6, 2023.
  • Gooten raised $11M (Series A) on July 5, 2023.
  • NEU Battery Materials raised $3.7M (Seed) on July 5, 2023.

Who to call at Infinite Uptime, and when

A new round usually means Infinite Uptime is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Infinite Uptime raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Infinite Uptime, from your own LinkedIn network

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Company Information

Company

Infinite Uptime

Location

Pune, Maharashtra, India

About

Infinite Uptime is an Industrial AI pioneer, offering 99.99% guaranteed equipment reliability and up to 2% energy reduction per unit of production to help global industrials unlock up to $2 Trillion in value. Serving over 800 plants across 26 countries, the company harnesses the power of its piezo-electric sensing technology along with contextualized process data to deliver user-validated diagnostics and recommendations to improve efficiencies in the process industry. These prescriptions, along with interventions, have added over 70,000 additional production hours in industries like Steel, Cement, Metals, Paper, Energy, Chemicals, Tires, Pharma, F&B and FMCG.

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Fundz sees it the moment Infinite Uptime raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Infinite Uptime raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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