Uptake

Uptake is an industrial artificial intelligence software company that aims to help companies digitally transform with open, purpose-built software. 

Uptake applies cross-industry data science and machine learning through its insights platform using data to identify patterns and insights that aid operations and growth opportunities.

Uptake was founded in 2014, by Brad Keywell, Eric Lefkofsky and is headquartered in Chicago, Illinois.

Uptake’s core products include an Asset Performance Management application and a fully managed platform. It's industry-specific content, including its Asset Strategy Library (ASL), provides access to deep domain knowledge and guidance on failure prevention. The ASL is the largest in the market today with approximately 800 equipment types, over 58,000 failure modes and over 180,000 reportable conditions. 

Uptake is backed by top-tier investors including New Enterprise Associates, Lightbank, Baillie Gifford, Revolution, and Caterpillar Ventures among others. The company has also acquired Asset Performance Technologies in Apr 16, 2018 & made $1M investment in Carnegie Mellon School of Computer Science in Aug 30, 2017.

 

Uptake is the recipient of the 2015 Moxie Award for Best New Startup in Chicago. It was named Forbes Hottest New Startup in that same year. On February 9, 2017 Pitchbook named Uptake the Fastest US Startup to reach a $2B Valuation. CNBC has ranked Uptake on their Disruptor 50 list for two consecutive years, in 2017 and 2018 respectively. Uptake was ranked #12 on Fortune’s 2018 Best Places to Work in Chicago.

 

 

  • Year founded: 2014
  • Funding Info: $257M in 4 funding rounds(Last funding type:Series D)- Uptake has also acquired Asset Performance Technologies in Apr 16, 2018 & made $1M investment in Carnegie Mellon School of Computer Science in Aug 30, 2017
  • Yearly Revenue: $150M-$300M (2018)
  • Employee Size: 501-1000
  • Business Valuation: Valued $2.3B as of Nov 30, 2017
  • City/Town: Chicago
  • State: Illinois
  • Country: United States
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