Uptake

Uptake

AI software for predictive maintenance solutions

About

Uptake provides AI-driven software solutions designed to enhance asset performance in heavy industries. The company's software monitors over 1.3 million industrial machines, utilizing extensive data from machine learning and failure analysis to predict equipment failures and optimize maintenance schedules. This helps clients, including steel manufacturers and logistics companies, reduce unplanned downtime and save on maintenance costs. Uptake's services integrate with existing systems, allowing for seamless data analysis and actionable insights. Unlike competitors, Uptake focuses specifically on the industrial sector, offering tailored solutions that deliver measurable cost savings and improved operational efficiency. The goal is to maximize asset performance for clients by transforming data into valuable insights.

Company Stage

Series D

Employees

51-200

Industries

Industrial & Manufacturing, Enterprise Software, AI & Machine Learning

Total Funding

$251M

Headquarters

Chicago, Illinois

Founded

2014


Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Doran Manufacturing enhances tire safety and fuel efficiency for fleets.
  • Merger with Texada Software creates a comprehensive SaaS platform for equipment management.
  • Collaboration with Daimler Truck North America offers scalable Data-as-a-Service solutions.

What critics are saying

  • Emerging AI startups may erode Uptake's market share with competitive solutions.
  • Economic downturns in key industries could reduce spending on predictive maintenance.
  • Integration challenges from the Texada merger may disrupt service delivery and satisfaction.

What makes Uptake unique

  • Uptake leverages 2.4 billion hours of machine learning data for predictive analytics.
  • The company serves diverse industries, including defense, mining, and logistics.
  • Uptake's platform integrates seamlessly with existing systems for data-driven insights.

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Growth & Insights
Headcount

6 month growth

-10%

1 year growth

-26%

2 year growth

-49%

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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