Infinite Uptime, an Indian startup specializing in predictive maintenance solutions for factories, has secured $35 million in a Series C funding round to fuel its expansion in the US and other markets. This investment brings the company's total capital raised to approximately $65 million since its inception in 2015.

The manufacturing industry has historically lagged behind in adopting technology, with many factories still relying on aging machines that consume significant amounts of energy. However, modern tech is gradually making its way into factories, particularly in the realm of maintenance and repairs – a space where Infinite Uptime is making a significant impact.

Infinite Uptime's solution provides predictive maintenance and repair recommendations using proprietary sensors, software analytics, and AI-based diagnostics. The company's smart dashboard offers live monitoring capabilities, enabling manufacturers to receive pinpointed recommendations and intervention points for their plants. This approach has already yielded significant results, with customers reporting downtime savings of 74,274 hours and 5-10% improvements in productivity, energy efficiency, safety, and compliance.

The startup's founder, Raunak Bhinge, highlighted the uniqueness of Infinite Uptime's tech stack, which differs from larger competitors like Rockwell, Siemens, and Honeywell. Bhinge emphasized that Infinite Uptime's approach is not top-down, unlike its competitors, and that its piezoelectric sensors can offer diagnostics in high-temperature and complex acidic environments – a capability that has earned the company five patents in this space.

Infinite Uptime targets manufacturers in industries such as steel, cement, metals, mining, fertilizers, chemicals, and paper, and has partnered with OEMs to integrate its AI layer into their new products. The company currently serves 800 plants in nearly 30 countries and plans to expand its presence in the US further with the new funding.

The Series C funding round was led by Avataar Ventures, with participation from StepStone Group and LGVP, as well as existing investors Tiger Global and GSR Ventures. Infinite Uptime intends to utilize the fresh capital to drive product development, evaluate M&A opportunities, and invest in R&D and data science to enhance its AI insights.

Bhinge shared that the company's revenue has increased by 2 times every year for the past three years, and it is operationally cash-flow positive. The startup plans to focus on "further closing the gap between build capacity and actual production" and improving production efficiency, with a goal of helping manufacturers use less energy per ton of production from their existing build capacity.

With this significant investment, Infinite Uptime is poised to accelerate its growth and solidify its position as a leader in the predictive maintenance solutions market. As the manufacturing industry continues to evolve, Infinite Uptime's innovative approach is likely to have a profound impact on the sector's efficiency, productivity, and sustainability.