Uptake - avoid failure using AI

 

Uptake

Headquarters: Chicago

Founders: Brad Keywell

Funding: $258 million

Valuation: $2.3 billion, via Pitchbook

Uptake CEO Brad Keywell says his company is in the business of making sure things work, “whether it’s the U.S. Army’s Bradley Fighting Vehicle, or the components that make up Rolls-Royce’s fleet of market-leading engines.” It’s brought in more than 100 industrial customers on its way to a $2.3 billion valuation. With a huge database of machine failures at its disposal, the five-year-old company leverages artificial intelligence to analyze how its customers’ machines can run better and avoid these failures. “There is no more guesswork or operating blindly involved,” says Keywell, who cofounded Groupon before founding Uptake.

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