# Uptake Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/uptake-technologies

- Industry: Software
- Headquarters: Chicago, US
- Website: www.uptake.com
- Total disclosed funding: $255M
- Latest round: Series E (Dec 28, 2021)
- Investors on record: 5

## About

Uptake Technologies Inc. is a predictive maintenance software company that utilizes artificial intelligence to enhance fleet management through actionable insights and analytics.Founded in 2014, Uptake Technologies Inc. is based in Chicago, US, specializing in predictive maintenance software. The company raised USD 30 mn in Series E funding on December 28, 2021, backed by investors such as GreatPoint Ventures and Revolution Ventures. The firm's current valuation stands at USD 2,300 mn. Brad Keywell is one of the founders of the company, known for his entrepreneurial background prior to Uptake.Uptake Technologies specializes in predictive maintenance software that leverages artificial intelligence to provide actionable insights for fleet management. Their core offerings include Uptake Fleet, a maintenance analytics platform that integrates work orders and sensor intelligence to enhance real-time visibility into vehicle health, thus minimizing maintenance costs and maximizing uptime. The platform is designed for various industries, including heavy-haul transportation, trucking, buses, concrete, and construction. Clients include United Road, a leader in North America's heavy-haul transportation. By focusing on critical metrics, Uptake aims to prevent unexpected breakdowns and optimize asset performance through effective diagnostics and recommendations.Uptake Technologies generates revenue primarily through subscription-based models for its predictive maintenance software solutions. Clients engage in partnerships to subscribe to the Uptake Fleet platform, granting them access to ongoing analytics and support services. These transactions enable fleet operators to streamline their maintenance processes while ensuring safety and compliance. Pricing structures are tailored to each client's needs, reflecting the value derived from fleet optimization and predictive analytics, reinforcing the company's commitment to delivering rapid returns on investment for its users.Following the recent Series E funding of USD 30 mn secured in December 2021, Uptake Technologies plans to expand its product offerings and geographic reach. The company aims to introduce new features and enhancements to its Uptake Fleet platform, focusing on improving user experience and efficiency. Additionally, Uptake is targeting expansion into new markets across North America, with plans for increased accessibility by 2023. The funds raised will support these initiatives, positioning the company for sustained growth in the predictive maintenance sector.

## Funding rounds

- Series E, Dec 28, 2021, $30M — Revolution Ventures, GreatPoint Ventures
- Series D, Nov 20, 2017, $110M — Baillie Gifford, Revolution Ventures, GreatPoint Ventures
- Series C, Jan 27, 2017, $70M — Revolution Ventures
- Series B, Oct 13, 2015, $45M — New Enterprise Associates, GreatPoint Ventures, Lightbank

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Series B, Series D, Series E
- Lightbank (https://capitalatlas.ai/funds/lightbank) — Series B
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series C, Series D, Series E
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series D