Predictive software provider UptimeAI secured $1.5M in Seed Funding

Uptime AI, an Artificial Intelligence-based predictive software provider for companies, has now secured $1.5 million in a seed funding round, reports Economic Times.

The platform, which is owned and operated by UptimeAI Inc, was set up by the Vamsi and Jagadish Gattu in the year 2019. Its platform is focused on creating an AI-based solution that will allow plant operators to maximize reliability and efficiency. The company says that it operates offices in San Francisco and Bangalore and that its core team has subject matter expertise in areas such as oil, gas, power, and chemicals.

In the ET report, UptimeAI’s CEO Jagadish Gattu, said, "UptimeAI enables operational excellence by bringing human-like intelligence at scale to process billions of data points and give precise answers. We are happy to have found a shared vision for this with YourNest Venture Capital, and look forward to working together to scale and take the UptimeAI value across the US, Europe and the Middle East."

The round was backed by the YourNest Venture Capital.

The startup, as of now, has plans to use the new funds to scale its technology infrastructure. The company also intends to expand its presence in the international markets, notes the report.