Uptake announced today it has secured $117 million in series D funding led by Baillie Gifford. Existing investors Revolution Growth and GreatPoint Ventures also participated in the round.
The financing will enable Uptake to accelerate its global expansion in key industries.
"We're on a growth trajectory now where there is virtually nothing standing in our way from being the predictive analytics market leader across every heavy industry, from oil & gas to mining and beyond," said Uptake Co-founder and CEO, Brad Keywell. "The opportunity is too significant for us to not double down right now."
Uptake is a predictive analytics software company that makes industrial businesses more productive, reliable, safe and secure. The company operates within eight industries, monitoring equipment across the globe. Uptake's products enable companies to harness industrial data inside their business, unlocking employees' best work and keeping machines functioning at peak performance. Founded in 2014, the company now employs roughly 800 people.
"Uptake has delivered real results for its global customers, addressing a largely untapped need for industrial giants that gives them competitive edge in ensuring their machines work," said Gary Robinson of Baillie Gifford. "We are delighted to be investing in this exciting company on behalf of our clients and we look forward to supporting Mr. Keywell and team as they look to unlock this huge opportunity."