Infinite Uptime, an Internet of Things (IoT) platform that automates predictive maintenance has raised
$5.15 million in series B funding round. The round of funding was led by Bangalore based VC firm VenturEast and saw participation from THK and other existing investors including Mayfield, GSR Ventures, IIML and GiTV. Infinite Uptime has so far raised $11.3 million across various funding rounds.

Founded in 2015, Infinite Uptime is an industrial internet platform that automates predictive maintenance for industrial machines, with an initial focus on the manufacturing industry.

the Berkeley headquartered firm provides an all in one industrial solution with hardware, cloud analytics and control software to monitor equipment, diagnose problems and drive smart decision making. The platform has been utilized by over 200 clients including names such as Daikin, Crompton Greaves, Siemens, RSB Transmissions, THK, JSW, Reitz, TVS Motors and Tata Steel.

With the fresh infusion of capital coming in Infinite Uptime intends to further strengthen its customer relationships and ensure the availability of the most cost-effective diagnostics service for machines that reduce equipment downtime drastically, reduce bearing consumption and optimising spares inventories. The company statement also added that the funding will be used to make its technology available at scale, and invest heavily in research and development (R&D) to further enhance its diagnostic solution. Infinite Uptime also plans to deepen its presence in Asia, and scale up its operations in the Middle East, US and Europe.

"Infinite Uptime will strengthen its market leadership in India and target key overseas markets such as Japan, Middle East and USA with this financing round. The non-intrusive integration makes the deployment very simple and adoptable across multiple industries," Said Sanjeev Yamsani, Principal, VenturEast.