About Uptake
Uptake specializes in AI-driven software solutions designed for heavy industries, focusing on optimizing asset performance through data analysis. The company monitors over 1.3 million industrial machines, utilizing machine learning and failure data to predict equipment failures and enhance maintenance schedules. This helps clients, including steel manufacturers and logistics companies, reduce unplanned downtime and save on maintenance costs. Uptake's software integrates with existing systems, allowing for seamless data ingestion and analysis. Unlike competitors, Uptake emphasizes measurable cost savings and improved operational efficiency, with clients subscribing to tailored software services that meet their specific industry needs. The goal is to maximize asset performance and deliver significant financial benefits to clients.
Chicago, IllinoisHeadquarters
2014Year Founded
$251MTotal Funding
SERIES_DCompany Stage
Industrial & Manufacturing, Enterprise Software, AI & Machine LearningIndustries
51-200Employees
Benefits
Time Away - Need a mental break? Go ahead, take it! Here at Uptake we practice mindfulness. We expect you to know when and how you operate at your best. We also trust you to know what time off you need, and to not leave your team members hanging in the process.
Continuous Learning - We’re on a constant quest to learn. Join us! Enroll in internal classes or external events of your choice. Our professional and personal development program is always growing. From data science 101 to hackathons. From public speaking to conscious leadership.
Holistic Health - Being healthy means something different for everyone. We advocate well-being inside and out. We offer gym and studio discounts as well as on-site finance, massage, and meditation classes.
Progressive Benefits - We’re proud to offer medical, dental, vision, life and disability insurance - in addition to health savings accounts, flexible spending accounts and commuter spending accounts. And Uptake doesn’t just offer a 401(k) - we offer a match as well.
Family Oriented - We’re all about family. We provide parental leave for primary and secondary caregivers – birth or adoption. Our medical plan even offers a Special Beginnings program to get expectant parents and their children off to a healthy start with ongoing education, guidance and support.
Uptake University - We launched our own in-house education program to promote ongoing learning and development. All of our employees have access to Uptake U. Choose from a diverse array of course topics and material, enroll for intriguing classes that compel you, and track your progress throughout.
Communities@Uptake - Our culture is diverse and inclusive. All Uptakers can be their unique selves at work. Our employee-led communities bring together people who are passionate about a common cause, including Engineering Alliance, Latinx, Open Source Software, Parents, Pride, Science, and Women. All actively give back to the Chicago community
Social Responsibility - We invest our time, talent and energy into our philanthropic and civic innovation arm. We create real solutions that help nonprofits and civic organizations solve problems in the social sector. Join us by participating in projects, mentoring data fellows and engaging in meaningful volunteerism.
Risks
Increased repair times may affect Uptake's value proposition for trucking clients.
Potential freight recession could lead to budget cuts in maintenance spending.
Integration challenges from the Texada merger may disrupt service delivery.
Differentiation
Uptake leverages 2.4 billion hours of machine learning data for predictive analytics.
The platform serves diverse industries, including healthcare, logistics, and mining.
Uptake's software monitors over 1.3 million industrial machines for optimized performance.
Upsides
Partnership with Doran Manufacturing enhances tire safety and fuel efficiency for fleets.
Collaboration with Daimler Truck North America offers predictive analytics as a service.
Merger with Texada Software creates a new SaaS platform for equipment management.
Funding
Total raised$250.96 M
Latest valuation$2.30 B
StageSERIES_D
SERIES D
10/31/2017$117
$2.30 BSERIES C
3/31/2017$50
$250.00 MSERIES B
1/31/2017$40
$200.00 MSERIES A
9/30/2015$45
$1.10 B