Uptake – Global SERS

“Build what comes next”

Founded: 2014 in Chicago, USA

Category: Artificial Intelligence

Primary office: Chicago, IL (USA)

Core technical team: Chicago, USA

Status: Private

Employees: 500

Amount raised: $218 million (4 rounds – November 2017)

OVERVIEW

Leverages artificial intelligence, natural language processing, machine learning and Internet of things (IoT) to provide both preventive and predictive data -driven insights that help reduce the risks and costs associated with the operational and maintenance processes of most companies.
It serves various heavy-duty industry leaders in aviation, government, energy, construction, agriculture, railway and mining including US Army, US Marine Corps, Caterpillar, Blanchard CAT & Rolls Royce.
“Predictive analytics to the industrial world”

PERFORMANCE METRICS

ACHIEVEMENTS

Three years consecutive recipient of the CNBC Disruptor 50 honoree award (2017, 2018, 2019)
Venture capital-backed
World’s largest Industrial Asset data Library
CEO receives entrepreneur of the year award from E&Y
Bloomberg recognizes Uptake as 2019 New Energy Pioneer
Cash positive

Software-as-a-service; customized Industry solution applications
DealerSuite – automated and pre-built AI model platform used to generate insights for various heavy industry business use cases
ServiceLink – enables companies to digitize their processes saving money and time

Cloud-enabled delivery platform
Easy to build Integratable Data models with Click-and-drag application builder
Partners with Technology Resellers, Consultants and Technology Integrators for a wider and efficient reach
Strategic partnerships (e.g., with Element to create and deliver an AI solution for industry automating data integrations, data science model configuration, and the production of insights to help detect/prevent failures; with Caterpillar for access to big data of Caterpillar vehicles)

Founder-led management team (experience with Groupon)
Artificial intelligence, data analytics, machine learning and cloud computing
ISO-270001 certified with internal hackers and hunters to continuously and proactively ensure high level cybersecurity of platforms and clients’ data across the software development lifecycle

Assets

Cloud-based and user-friendly integration platforms – data source, application builder, performance management tool, etc.
Proprietary Asset Strategy Library (ASL) with over 55,000 iterative failure modes and maintenance strategies
Technology Ecosystem – Partnership with industry giants providing a large knowledgebase
Asset Performance systems Integratable with client’s existing Computerized Maintenance Management (CMMS) and Enterprise Asset Management (EAM) systems
AI-driven performance management application – AssetIO
Asset Strategy Library (ASL) – largest database of industrial asset types, failure modes and maintenance tasks – used to optimize asset management

Processes

Plug and play Integration platform with user’s existing systems and technologies
Easy transition between multiple platforms
Artificial Intelligence and machine learning applied to industrial processes

Priorities

Increase demand by using scientific and technological advances to develop innovative products and services
Increase demand of products and services by combining two or more resources in a way that the value created from them exceeds the sum of the value created from each resource separately
Develop and sell products that address a problem, job to be done or a need that is shared by a large and growing number of individuals and organizations in various regions to increase sales.
Increase value by being responsible and accountable for creating and making visible the quantifiable benefits the company delivers its stakeholders, including customers, partners, investors, members of the company’s value chain, society, and others
Develop and implement a governance model to scale, raise capital, protect against the unauthorized use of electronic data, and leverage business ecosystems to increase value