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“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
PERFORMANCE METRICS
ACHIEVEMENTS
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Sells
- 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
Channels
- 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)
Competencies
- 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
Resources
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
- Continuously drive market expansion
- Increase product enhancement
- Increase profitability
Assertions That Best Describe What the Company Did to Scale Early, Rapidly & Securely
- 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
References
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Uptake website.2020. https://www.uptake.com/
- Crunchbase. 2020. Uptake Technologies. https://www.crunchbase.com/organization/uptake-3#section-funding-rounds
- Tech Crunch. 2017. Uptake nabs $117M at $2.3B valuation for industrial predictive analytics. https://techcrunch.com/2017/11/30/uptake-nabs-117m-at-2-3b-valuation-for-industrial-predictive-analytics/
- Owler. 2020. Uptake. https://www.owler.com/company/uptake
Contributors
- Yinka Olanrewaju-Olawepo
- Dan Craigen