Uptake's mission is to create a world that always works. Disruptor50
Valuation: $2.3 billion Industry: SaaS, software, IoTUptake's mission: to create a world that always works. That's a pretty big ambition, but this Chicago-based SaaS start-up believes that AI and machine learning are the answer. Uptake takes voluminous amounts of data produced in industries like energy and transportation and uses AI to unlock all the ways a particular process or machine could potentially fail.
The company also signed a contract in June with the U.S. Army to improve the readiness of the Bradley Fighting Vehicle by predicting component failures and decreasing the frequency of unscheduled maintenance. Uptake is already working on six continents and opened an office in Dubai late last year. The company has taken in $218 million in funding from investors such as Baillie Gifford, Revolution Growth and GreatPoint Partners.
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