Software company Uptake Analytics raised $117 million in Series D financing, led by Baillie Gifford, with participation from Revolution Growth and Greatpoint Ventures Innovation Fund.
Uptake develops a predictive analytics platform that analyzes data to predict and prevent failures, uncover hidden profits, and discover new opportunities in healthcare, insurance, locomotives, construction, manufacturing, and other industries. According to the company, its purpose-built products ingest and analyze sensor and enterprise data, transforming it into actionable insights and immediate outcomes.
The funding will help Uptake expand internationally, and further target heavy industries such as energy, railroads, oil and gas, and mining and wind power.