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About
Uptake provides AI-driven software solutions designed to enhance the performance of machinery in heavy industries. The software analyzes large volumes of data from over 1.3 million industrial machines, using machine learning to predict equipment failures and optimize maintenance schedules. This helps clients, such as steel manufacturers and logistics companies, reduce unplanned downtime and save on maintenance costs. Unlike many competitors, Uptake's services are tailored to the specific needs of various industries, allowing for seamless integration with existing systems. The goal of Uptake is to deliver measurable cost savings and improve operational efficiency for its clients.
Company Stage
Acquired
Employees
51-200
Industries
Data & Analytics, Industrial & Manufacturing
Total Funding
$251M
Headquarters
N/A
Founded
2014
Simplify's Take
What believers are saying
- Uptake's collaboration with Daimler Truck North America to offer predictive analytics through a DaaS model highlights its innovative approach to data services.
- The merger with Texada Software expands Uptake's reach into the equipment dealership and rental industry, creating new market opportunities.
- Clients have reported significant cost savings, such as a leading copper producer uncovering $28 million in untapped maintenance cost savings using Uptake's Radar product.
What critics are saying
- The industrial sector's inherent volatility could impact Uptake's revenue stability, especially during economic downturns.
- Integration challenges from mergers, like the one with Texada Software, could lead to operational inefficiencies.
What makes Uptake unique
- Uptake leverages 2.4 billion hours of machine learning and failure data from 800 different asset types, providing unparalleled predictive maintenance capabilities.
- The company's focus on heavy industries like mining, logistics, and defense sets it apart from competitors who may not specialize in these sectors.
- Uptake's ability to integrate seamlessly with existing systems ensures minimal disruption and maximizes client adoption.
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6 month growth
↓ -8%1 year growth
↓ -24%2 year growth
↓ -50%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.
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