Unlimited -up timeAn Indian startup that offers predictions for factories, has collected 35 million in series C funding rounds to increase its maps in the United States and other markets.
The manufacturing industry has surpassed many industries in adoption of tech, and most of the world’s heavy industry is still dependent on machines, many of which are growing and consumes many energy. That said, the modern tech is slowly but certainly in the factories, especially making its way for maintenance and repair – the space is targeting unlimited -up time.
The company says it provides predictions and repair recommendations using proprietary sensors, software analytics, and AI -based diagnosis. It also has a smart dashboard that provides direct monitoring capabilities.
Unlimited up -time founder Ronak Bhanga told Tech Crunch, “We give manufacturers recommendations and intervention points, exactly what the plant needs to be done, what parameters need to be viewed, which needs to be corrected.”
Startup says its papaz electric sensors can present high temperatures as well as diagnosis in complex acidic environments such as phosphoric acid, nitric acid and sulfuric acid plants. Banga said he had obtained about five patents in this place.
Clearly, this is not a new opportunity in the market-large manufacturers like Rakeville, Siemens, and Honeywell have enabled AI-based automation factories for some time. Similarly, like some startups Gr Help the factories to detect problems in their machines using sensors and AI.
But Banga feels that the unlimited up time is “quite unique in terms of tech stack”, pointing out that the startup approach is not top -down, such as its major rivals who use program logical controllers (PLC) or program -limited switch (PLS). He argued that even the battery -based micro -electro -mechanical system (MEMS) offers some startups have limited use issues and effectively do not work for high temperature applications.
Unlimited -up -time steel, cement, metals, mining, fertilizers, chemicals and paper industries target manufacturers. It also contributes with OEMS to plug its AI layer into its new product.
Overall, unlimited up -time says the solution has helped consumers see a 74,274 hour -time -time savings as well as production capacity, energy saving, safety and compliance.
Startup currently serves 800 plants in about 30 countries, and with new funding, it aims to further enhance its presence in the United States. The series C was led by Avatar Ventures, as well as Step Stone Group and LGVP. Current investor Tiger Global and GSR Ventures. Round collects the company’s total capital since its inception in 2015 Crunchbase.
Banga said that the startup revenue has increased 2 times every year, and this is practically positive cash flow. The company is trying to invest fresh cash towards product development, and plans to evaluate more M&A’s more opportunities.
The unlimited -up time, which has about 350 350 employees, plans to increase its insights and “further enhance the difference between capacity and actual production and improve production efficiency, and also intend to invest in R&D and data science.”
“We are investing in how we can help manufacturers […] He said that with his existing construction capacity, use less energy per tonne.