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Uptake Technologies
Artificial intelligence and internet of things for global industry
- 201-500 employees
- B2B
- Artificial Intelligence
- Enterprise
- Internet of Things
- Machine Learning
- Data Analysis
- Goose Island, Chicago, IL
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Company mission
To help industrial businesses thrive through modern digital transformation.
5% employee growth in 12 months
Our take
The IoT (Internet of Things) presents a unique opportunity for industries to connect devices and gain actionable data that previously had to be accessed manually. Industrial machines are a great example of devices that have sensory outputs to contribute to the IoT, yet these industries currently lack a framework for implementing such applications.
Uptake provides predictive analytics based on the status of industrial machines, aiming to aid in migrating businesses to an IoT framework. The company provides AI-driven software and hardware systems that use machine learning to determine the status of a machine, predict when it will need maintenance or a repair, in addition to detecting inefficiencies.
Despite most industrial machinery producing sensory data outputs, most businesses are not using these effectively, and Uptake has made the bold move of aiming to change this. By providing companies with the software and hardware they need for an autonomous and AI-driven equipment manager, the startup claims that it can reduce staffing requirements whilst decreasing costs of equipment repairs and downtimes.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- We offer a generous PTO policy and always emphasize the importance of a strong work-life balance for our employees
- Let us help you reach your 401(k) goals with our 100% company match for the first 3% of contributions and 50% on the next 2%
- Look forward to a $75 monthly technology stipend for mobile phone and internet access built into your salary
- We’re all about family. We provide 12 weeks paid parental leave for births and adoptions
- Find comfort in working from any location. We have headquarters in Chicago, but our remote-first work environment offers the flexibility Uptakers need to focus their time where it matters
- Take advantage of our $500 annual stipend that can be put towards professional development resources and programs of your choosing
- Recognized by Purpose Jobs for Best Benefits at a Mid-Size Tech Company in 2022, our benefits start from day one of employment
- 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
Company values
- Clarity - We’re open, clear, direct and honest in our communications. If something doesn’t make sense, we ask questions
- Curiosity - We know no bounds. We question, hunt, study, examine, probe, observe, peek, query and search. Whatever it takes to learn from different perspectives
- Grit - We persevere in the pursuit of meaningful goals and have the ability to bounce back from setbacks. We embrace problems, and we invite change. We roll up our sleeves and dive in with unbridled commitment
Funding (last 2 of 5 rounds)
Nov 2017
$117m
SERIES D
Apr 2017
$50m
SERIES C
Total funding: $258m
This company has top investors
Leadership
Brad Keywell
(Executive Chairman)They studied at the University of Michigan Law School before starting as Chairman of Future Founders Foundation in 2007 and co-founding Mediaocean, Echo Global Logistics, Groupon, Tempus, and more. They used this experience to co-found Uptake in January 2014.
Eric Lefkofsky
(Co-founder)They also studied at the University of Michigan Law School prior to founding InnerWorkings, Echo Global Logistics, MediaBanks, Lightbank, and Groupon with Brad. They also co-founded Uptake in 2014, and Eric has worked as CEO of Tempus since 2015.