Infinite Uptime, a member of the spring 2016 CITRIS Foundry cohort, has raised $18.8 million in a series B3 funding round led by Tiger Global.
Infinite Uptime provides predictive maintenance solutions for machinery with real-time condition monitoring and a smart dashboard with live monitoring capabilities. With more than 300 customers, including Hyundai and JSW Steel, the company has helped its users save over 11,000 hours of unplanned downtime.
“This will enable us to invest heavily into fundamental research, helping us deliver more value and exceed the needs of our customers in an ever-evolving market,” said Infinite Uptime founder and CEO Raunak Bhinge .